Premier and 34 Leading Health Systems Partner with DeRoyal to Expand Domestic Production of Isolation Gowns
Retrieved on:
Monday, November 16, 2020
(NASDAQ: PINC), a leading healthcare improvement company, and 34 member health systems partnered with DeRoyal Industries Inc., a global medical manufacturer, to create a new joint venture dedicated to the domestic production of isolation gowns.
Key Points:
- (NASDAQ: PINC), a leading healthcare improvement company, and 34 member health systems partnered with DeRoyal Industries Inc., a global medical manufacturer, to create a new joint venture dedicated to the domestic production of isolation gowns.
- A new entrant in the market, the joint venture will produce isolation gowns in an existing facility just outside Knoxville, TN.
- To support the venture long-term, health system co-investors also signed multi-year commitments to purchase a portion of the isolation gowns used each year from the joint venture.
- Medical products critical to the daily operations of health systems are overwhelmingly sourced overseas, with approximately 80 percent of PPE coming from Southeast Asia.