Announcing an acquisition & awards
The shift of care to ASCs continues, with increasingly more services and procedures moving to outpatient settings. To be responsive to the needs of the non-acute segment of our membership, HealthTrust recently signed a letter of intent to acquire Expansion, LLC, and its Purchase ClinicTM online marketplace.
Expansion has been a valued channel partner of AdvantageTrust since 2016 and has contributed significantly to the growth of our non-acute membership—now exceeding 65,000 sites of care. ASCs, independent physician offices and office-based laboratories utilize Purchase Clinic’s platform to access the national HealthTrust contract portfolio, with best-in-class pricing for medical supplies, non-medical supplies and purchased services.
With this acquisition, we are acquiring seasoned leadership and adding dedicated resources to our business development and account management functions. With a shared culture of innovation, teamwork and colleague development, we are creating an even better, best-in-breed organization to serve the alternate care market.
In addition to our new colleagues, we will also gain the Purchase Clinic technology platform, allowing us to drive better engagement with prospects, members, distributors and suppliers. This will enable members to achieve immediate value while ensuring ongoing contract penetration and utilization to realize maximum savings. Expansion principal, Zachary Sikes, has been named the SVP of AdvantageTrust.
And the award goes to…
In early March, HealthTrust was honored to have one of our colleagues recognized with the 2023 Corris Boyd Diversity in Healthcare Leadership Award from The Federation of American Hospitals. Congratulations to Janet McCain, Senior Director of Business Diversity, on this well-deserved recognition of her accomplishments in leading and encouraging inclusive opportunities for others in the healthcare industry. The Source team will share more about Janet and her work in the Q3 edition of the magazine.
Throughout my 40 years in healthcare, I have been privileged to work alongside a number of influential leaders. The following HealthTrust member organizations have executives who were recently recognized by Modern Healthcare as “The Most Influential Over the Years,” having appeared on the list of the 100 Most Influential People* at least a dozen times over the publication’s history.
- Wayne Smith, Executive Chairman of the Board – Community Health Systems
- Trevor Fetter, Former Chair & CEO – Tenet Healthcare
- Sister Carol Keehan, Retired President & CEO – Catholic Health Association of the United States
- Joseph Swedish, Former President & CEO – Trinity Health
I am also honored to acknowledge the HealthTrust members who were recognized among the Top 25 Diversity Leaders by Modern Healthcare:
- LaRonda Chastang, SVP of DEI – Trinity Health
- Terika Richardson, COO – Ardent Health Services
And last, but certainly not least, Becker’s Healthcare recently named HealthTrust to its “150 Top Places to Work in Healthcare,” list for 2023, which highlights hospitals, health systems and healthcare companies that promote diversity within the workforce, employee engagement and professional growth.
*Six individuals from the 2022 list were HealthTrust members and acknowledged in the Q1 edition of The Source.
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