HealthTrust announced the signing of a definitive agreement with Resource Optimization & Innovation (ROi), a provider of healthcare supply chain management, to assume ownership and operations of the company. Headquartered in St. Louis, ROi is a provider-operated group purchasing organization and is accountable for the supply chain organization of Mercy, one of the nation’s largest Catholic health systems.
Following the closing of acquisition, HealthTrust will become the exclusive national group purchasing organization (GPO) for Mercy and other ROi partner members Orlando Health, Inc. and Franciscan Missionaries of Our Lady Health System. In addition, ROi’s co-workers will transition to HealthTrust and continue to support supply chain operations at Mercy facilities.
“Mercy founded ROi in 2002 to manage our supply chain and we’ve watched it grow and innovate to become a highly-recognized supply chain organization,” said Lynn Britton, president and chief executive officer of Mercy, and ROi’s first president and CEO. “As part of HealthTrust, ROi has the opportunity to accelerate its progress and strengthen its capabilities in support of Mercy, other ROi members and HealthTrust members.”
ROi’s Custom Pack Solutions division, offering customized surgical packs tailored for clinical end-users, will be established as an independent company owned by HealthTrust, with Mercy and other ROi owners maintaining a minority ownership.
HealthTrust’s acquisition of ROi reinforces its commitment and connection to faith-based ministries, with Catholic health systems comprising a significant part of its member base. “We understand the needs of Catholic health systems and believe we are uniquely positioned to support them in delivering high-quality care, providing value and honoring their mission of caring for those in need,” said Ed Jones, president and chief executive officer of HealthTrust. “This is a unique transaction that aligns true operators and affords us an opportunity to build on ROi’s legacy of performance. I am confident it will strengthen our operator experience and provide further insights for the benefit of our respective members.”
Financial terms were not disclosed. The acquisition is expected to close by late summer pending customary regulatory approvals.