Premier, Charlotte, N.C., has acquired healthcare management firm Phase 2 Consulting, formerly a division of publicly traded RehabCare Group, St. Louis.
Details of the transaction will not be disclosed, Premier spokesman Alven Weil said. Premier is owned collectively by more than 200 not-for-profit healthcare systems that use the company to collect and analyze financial and clinical data for quality improvement, risk management and bulk purchasing.
Phase 2, Salt Lake City, maintains several areas of expertise, including service line and physician practice improvement, revenue cycle and financial turnaround, according to the company's Web site.
The management consulting firm posted a 32% drop in revenue in the first quarter of 2009 compared with the same quarter last year, following an operating loss of $300,000 in the fourth quarter of 2008, according to earnings statements.