05:07 PM EDT, 08/19/2024 (MT Newswires) -- Premier (PINC) late Monday said it has been selected by AllSpire Health GPO as the primary national group purchasing organization to support more than $3.5 billion of yearly purchasing volume beginning in January.

Under terms of the agreement, all 54 of the acute care hospitals that are members of the regional GPO AllSpire will become Premier members. The hospitals also gain access to Premier's performance improvement technology and procure-to-pay platform automating their payments and invoicing.

Financial terms of the agreement were not disclosed.

Premier shares were nearly 5% higher in after-hours activity.

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