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Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, reached an agreement to acquire Innovatix, LLC and Essensa Ventures, LLC, two continuum of care group purchasing companies for $325 million. Premier currently owns a 50-percent interest in Innovatix. GNYHA Holdings LLC, an affiliate of the Greater New York Hospital Association (GNYHA), currently owns the other 50 percent of Innovatix and 100 percent of Essensa.

Innovatix, LLC, the nation’s leading non-acute care supply chain solutions company and group purchasing organization, has launched a new consulting service designed to support pharmacies in achieving recognition from various accrediting bodies, including URAC.