PRESTIGE AMERITECH

Premier Inc. and 15 Leading Health Systems Invest to Expand Domestic PPE Production Through Prestige Ameritech

Retrieved on: 
Tuesday, May 26, 2020
Medical devices, Hospitals, Health, Practice Management, Medical Supplies, Health, Articles, Protective gear, East Asian culture, Japanese culture, Surgical mask, Health care, Ameritech, Respirator, N95, Health system, Premier Inc., Prestige Ameritech

(NASDAQ: PINC), a leading healthcare improvement company, and 15 leading health systems acquired a minority stake in Prestige Ameritech, the largest domestic manufacturer of face masks, including N95 respirators and surgical masks.

Key Points: 
  • (NASDAQ: PINC), a leading healthcare improvement company, and 15 leading health systems acquired a minority stake in Prestige Ameritech, the largest domestic manufacturer of face masks, including N95 respirators and surgical masks.
  • The arrangement with Prestige Ameritech is part of Premiers newly announced strategy to work with members to invest in domestic and geographically diverse suppliers of PPE and other medical equipment currently in shortage due to the COVID-19 pandemic.
  • PPE products critical for the daily operations of health systems are overwhelmingly sourced overseas, with approximately 80 percent coming from China and Southeast Asia.
  • In contrast, Prestige Ameritech represents a domestic supply chain, with production completed in the United States.