Pharmacy group purchasing agreement announced

 

GeriMed, a pharmacy group purchasing organization, and supply chain company Provista announced a new partnership designed to help long-term care patients.

The Provista-GeriMed partnership enables GeriMed to leverage the $100 billion in purchasing volume Provista provides through its contracting partner, Vizient, the company said.

Provista and GeriMed products and services will be offered to all customers of both companies. GeriMed provides contracting and services to independent long-term care pharmacies.

“Provista enhances our portfolio and we enhance theirs, so there is great synergy between our two companies, which expands purchasing opportunities for our members,” said Christopher Mangione, GeriMed's president. “The partnership allows us to deepen our offerings to existing customers and makes us more competitive with prospective customers.”