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:

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• 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.”

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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.