Irving-based VHA-UHC Alliance NewCo, Inc. (“VHA-UHC Alliance”) announced today that it has signed an agreement under which it will acquire MedAssets’ Spend and Clinical Resource Management segment, including Sg2, from Pamplona Capital Management, upon Pamplona’s close of the MedAssets acquisition.
The move makes VHA-UHC Alliance a global leader in health care supply chain procurement, market intelligence, strategic analytics and comprehensive consulting services.
The combined expertise of VHA-UHC Alliance and MedAssets SCM will help providers significantly improve their financial, clinical and operational performance.
The announcement builds on the decision earlier this year to bring VHA, UHC and Novation together to form VHA-UHC Alliance, the nation’s largest member-owned health care company, which delivers leading innovation, intelligence and networking to improve providers’ performance.
The new name for VHA-UHC Alliance will be announced in the coming weeks.