PharMEDium Announces Sole Source Agreement With Premier, Inc.

LAKE FOREST, Ill.--(BUSINESS WIRE)--PharMEDium Services, LLC, a part of AmerisourceBergen, announced the renewal of its sole source group purchasing agreement with Premier, Inc. to continue providing outsourced pharmacy compounding and admixture services to Premier member facilities through December 2018. This agreement includes a wide range of services used for pain management, operating room anesthesia, intensive care, nerve block and labor and delivery.

Premier, headquartered in Charlotte, NC, is a leading healthcare improvement company that operates one of the nation’s largest group purchasing organizations. Premier’s membership includes approximately 3,600 U.S. hospitals and 120,000 other providers. With an annual purchasing volume by its members of approximately $44 billion, Premier helps providers improve quality outcomes, while safely reducing costs. PharMEDium and Premier share a primary focus on patient safety. This new agreement allows PharMEDium and Premier to continue to serve the needs of members in support of the care they deliver to patients by providing the highest quality compounded sterile preparations.

“With this renewed agreement, we’re committed to working with the Premier team to help members better understand how PharMEDium can assist in streamlining the preparation of sterile admixtures through our broad contract portfolio. Through our network of four FDA 503B Registered Outsourcing Facilities, PharMEDium helps pharmacies meet increasing demands for high quality, sterile compounded services,” commented Jenn Adams, President, PharMEDium Services.

The contract extension was effective beginning January 1, 2016.

About PharMEDium

PharMEDium, a part of AmerisourceBergen, is the nation’s leading provider of hospital-outsourced, ready to use sterile admixture services. Our commitment to advancing patient safety is embodied through enhanced labeling, packaging and bar code scanning technology designed to help reduce the potential for medication errors. PharMEDium serves over 3,000 acute care hospitals and ambulatory surgery centers nationwide through four centers located in Tennessee, Mississippi, Texas and New Jersey. Our state-of-the-art 503B Outsourcing Facilities are registered with the FDA and licensed by the states. Highly trained and qualified personnel adhere to rigorous quality standards and applicable cGMPs using only FDA-approved sterile drugs and FDA cleared sterile containers in our preparations. As a trusted partner to our hospital customers, PharMEDium reliably and consistently meets their need for customized, ready to use admixtures essential to their on-going operations. For more information, please visit www.pharmedium.com.