Premier completed the acquisition of an additional 20% stake in Prestige Ameritech.

Premier, a technology-driven healthcare improvement company, completed the acquisition of an additional 20% stake in Prestige Ameritech, a manufacturer of personal protective equipment. Financial terms were not disclosed. “This expanded partnership will enable Premier to hone our focus on our core technology-enablement and smarter supply chain solutions as we continue to drive value for our members, partners, stockholders and other stakeholders. Additionally, our increased ownership of Prestige represents the next step in our supply chain resiliency strategy, which has been tremendously effective in ensuring that Premier members have differentiated access to domestically produced essential medical products, reducing their reliance on overseas manufacturing. We are confident that this transaction will ensure our continued alignment with Prestige as a partner in strategy while they take the S2S business to the next level” Michael J. Alkire, Premier President and CEO.