Tufts Medicine Selects Premier, Inc. As Strategic Partner To Achieve Supply Chain Excellence; The Financial Terms Of The Partnership Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Premier, Inc. (NASDAQ:PINC) has renewed a 10-year strategic partnership with Tufts Medicine to co-manage supply chain operations, implement automation technologies, and provide consulting for financial performance improvement. The partnership aims to drive operational excellence and cost management for Tufts Medicine. Financial terms were not disclosed. Premier's Nexera consulting arm and PINC AI™ technologies, including the Remitra® P2P platform, will be utilized to enhance supply chain efficiency and innovation.
November 15, 2023 | 1:13 pm
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Premier, Inc. has entered into a 10-year strategic partnership with Tufts Medicine to enhance supply chain operations and financial performance. The deal includes the use of Premier's Nexera consulting and PINC AI™ technologies.
The strategic partnership with Tufts Medicine is likely to have a positive impact on Premier, Inc.'s revenue and market position in the healthcare supply chain management sector. The long-term nature of the deal (10 years) suggests a stable and potentially growing revenue stream. However, without financial details, the exact impact on the bottom line is uncertain, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90