Premier completed the acquisition of a minority stake in Prestige Ameritech.

Premier, a healthcare improvement company, completed the acquisition of a minority stake in Prestige Ameritech, a manufacturer of face masks, including N95 respirators and surgical masks. Financial terms were not disclosed. “As Covid-19 proves, the United States is almost completely at the mercy of foreign nations for vital supplies. Diverse and on-shore manufacturing of critical healthcare products is clearly a national security issue. With this agreement, we have long-term, multi-year commitments that give us certainty and allow us to dedicate our resources to increase production. Not only does that help us today with Covid-19, but long-term commitments also create economies of scale for when we return to business as usual,” Dan Reese, Prestige Ameritech Co-Founder and CEO.