Premier has reached a definitive agreement to acquire TheraDoc, a provider of clinical surveillance software, for $117 million in cash.
Premier is a healthcare improvement company and the transaction brings together two providers with capabilities in data analytics and real-time electronic clinical surveillance. Their solutions can support both infection prevention and drug therapy surveillance.
TheraDoc is a wholly-owned subsidiary of Hospira. The transaction is expected to close in Premier's fiscal 2015 first quarter ending Sept. 30, 2014, subject to customary closing conditions.
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