H2C Advises Vizient on Acquisition of Intalere
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About Vizient, Inc.
Vizient, Inc. provides solutions and services that improve the delivery of high-value care by aligning cost, quality and market performance for more than 50% of the nation’s acute care providers, which includes 95% of the nation’s academic medical centers, and more than 20% of ambulatory providers. Vizient provides expertise, analytics, and advisory services as well as a contract portfolio that represents more than $100 billion in annual purchasing volume, to improve patient outcomes and lower costs. Vizient has earned a World’s Most Ethical Company designation from the Ethisphere Institute every year since its inception. Headquartered in Irving, Texas, Vizient has offices throughout the United States. Learn more at vizientinc.com.
About Hammond Hanlon Camp LLC ("H2C")
H2C is an independent strategic advisory and investment banking firm committed to providing superior advice as a trusted advisor to healthcare organizations and related companies throughout the United States. H2C’s professionals have a long track record of success in healthcare mergers and acquisitions, capital markets, real estate, and restructuring transactions, acting as lead advisors on hundreds of transactions representing billions of dollars in value. H2C offers securities through its wholly owned subsidiary H2C Securities Inc., member FINRA/SIPC. For more information, visit h2c.com.
Kelly T. Duong
Hammond Hanlon Camp LLC
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SAN DIEGO — Dec. 17, 2020 — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused strategic advisory and investment banking firm, served as the exclusive financial adviser to Vizient, Inc. (“Vizient”) on its pending acquisition of Intalere, Inc. (“Intalere”), a group purchasing organization (“GPO”) owned by Intermountain Healthcare.
The planned acquisition will support and fuel Vizient’s mission to strengthen members’ delivery of high-value care by aligning cost, quality, and market performance by:
Reinforcing Vizient’s commitment to supply chain as a strategic asset for healthcare providers;
Expanding Vizient’s non-acute footprint to create additional opportunities through Vizient’s subsidiary, Provista; and
Increasing Vizient’s presence in smaller and/or rural acute facilities, helping support these communities with local health care services.
Intermountain Healthcare will also expand its relationship with Vizient beyond its current utilization of Vizient’s analytic tools to now include accessing Vizient’s GPO portfolio.
“H2C’s leadership and perspective provides a unique view on the marketplace that facilitates a thorough review of transactions from initial diligence through closing,” says David Ertel, Chief Financial Officer for Vizient. “H2C has been a true partner throughout this process.”
As Vizient’s exclusive financial advisor, “H2C worked with Vizient to submit a competitive offer that was mutually beneficial for Vizient, Intermountain Healthcare, and Intalere,” said Michael B. Hammond, Principal, H2C. Email Michael.
“Ultimately, Vizient was selected as the best fit not only from a business perspective, but also because it provided the strongest cultural fit,” added Nicholas R. Beale, Director, H2C. Email Nick.
"H2C’s leadership and perspective provides a unique view on the marketplace that facilitates a thorough review of transactions from initial diligence through closing."