Group purchasing organization Consorta, Schaumburg, Ill., said it will join HealthTrust Purchasing Group, Brentwood, Tenn., as an equity owner. The deal is expected to close by Feb. 28. Consorta, which serves faith-based organizations, is the nations seventh-largest healthcare GPO, according to Modern Healthcares most recent survey of the industry. HealthTrust, the fourth-largest GPO, was founded by HCA, and its four other equity owners are also investor-owned healthcare companies. The two GPOs will have combined annual purchasing volume of $13 billion, officials said. Consorta, which will be HealthTrusts sixth equity owner, said it expects the partnership to yield current and future savings of $535 million for its shareholders and members. Consorta said it will remain an independent organization serving as its shareholders voice on the HealthTrust board, while Consorta shareholders and members will become HealthTrust members. Consortas role will be to help recruit new HealthTrust members, provide educational and analytical programs, and manage member compliance. Consorta expects to reduce operations at its headquarters over 18 months following the deals closing. -- by Cinda Becker
Consorta to become HealthTrust owner
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