Premier to buy healthcare solutions provider CECity for $400 millionStaff writer ▼ | August 5, 2015
Premier reached an agreement to acquire CECity for $400 million. CECity is a privately-held, SaaS-based healthcare solutions provider, specializing in performance management and improvement, pay-for-value reporting and professional education.
Acquisition To be bigger in the healthcare industry
CECity serves more than 1.2 million individual healthcare professionals; more than 5,000 individual practices; and more than 100 professional societies, quality improvement organizations and certifying boards.
Integrating CECity's capabilities, Premier will provide one consolidated source for both ambulatory and acute care performance management that supports and aligns providers with value-based care.
Premier's payer and vendor-agnostic platform will be enhanced with expanded data collection, measurement and monitoring, expanding the ability to offer quality cycle management, regulatory reporting and performance improvement services.
Premier will also have the ability to automate the flow of information directly from physician practices to qualified clinical data registries, in partnership with national professional societies, accelerating improvement and the delivery of high-quality, coordinated care.
In addition, combining CECity's integrated and extensible learning management platform with the collaborative learning and research services developed by Premier and its members will further advance and expand evidence-based quality improvement solutions. ■