CORRECTING and REPLACING Franciscan Alliance Extends HealthTrust Relationship by 5 Years

Third paragraph of release has been replaced with an updated version.

The corrected release reads:

FRANCISCAN ALLIANCE EXTENDS HEALTHTRUST RELATIONSHIP BY 5 YEARS

HealthTrust today announced that Franciscan Alliance, one of the largest Catholic healthcare systems in the Midwest, signed a renewal agreement that extends their longstanding relationship an additional five years, through December 2020.

Under terms of the agreement, Franciscan Alliance will continue partnering with HealthTrust for its 14 acute care hospitals, including nationally recognized Centers of Health Care Excellence serving patients in Indiana, Illinois and Michigan. Franciscan Alliance has realized year-over-year incremental value from HealthTrust’s committed portfolio, and significant savings from custom agreements negotiated by HealthTrust’s medical device team.

“HealthTrust’s portfolio pricing and custom sourcing expertise have played a big role in helping us exceed our supply cost goals each year,” says Matt Mayer, vice president of Supply Chain at Franciscan Alliance. “We value the alignment of stakeholders in this collective, and are confident of continued value to support our mission.”

“Franciscan Alliance is a great partner with ambitious plans, and we are honored to continue our relationship in support of those ambitions,” says HealthTrust President and CEO Ed Jones. “This renewal once again affirms the value of a committed model.”

About Franciscan Alliance

Franciscan Alliance is one of the largest Catholic healthcare systems in the Midwest with 14 hospital campuses, 20,000 employees and a number of nationally recognized Centers of Health Care Excellence. Hospitals include: Franciscan St. Anthony Health-Crown Point; Franciscan St. Anthony Health-Michigan City.; Franciscan St. Elizabeth Health-Crawfordsville; Franciscan St. Elizabeth Health-Lafayette East; Franciscan St. Elizabeth Health-Lafayette Central; Franciscan St. Francis Health-Carmel; Franciscan St. Francis Health-Indianapolis; Franciscan St. Francis Health-Mooresville; Franciscan Health Rensselaer; Franciscan St. James Health-Chicago Heights, Ill.; Franciscan St. James Health-Olympia Fields, Ill.; Franciscan St. Margaret Health-Hammond; Franciscan St. Margaret Health-Dyer; and Franciscan Healthcare-Munster. To learn more about Franciscan Alliance, visit www.franciscanalliance.org.

About HealthTrust

HealthTrust (Healthtrust Purchasing Group, L.P. as its full legal name) is committed to strengthening provider performance and clinical excellence through an aligned membership model and the delivery of total cost management solutions, including supply chain solutions and a contract and service portfolio unparalleled in quality, scope and value. HealthTrust (www.healthtrustpg.com) serves 1,350 acute care facilities and members in 22,300 other locations, including ambulatory surgery centers, physician practices, long-term care and alternate care sites. Headquartered in Brentwood, Tennessee, HealthTrust is closely integrated with the proven capabilities of Parallon Business Solutions, LLC (www.parallon.com), a leading provider of healthcare business and operational services, including revenue cycle management, workforce and technology solutions. On Twitter @healthtrustpg and @parallonconnect.

For the original version of this release visit: http://healthtrustpg.com/franciscan-alliance-extends-healthtrust-relationship-by-five-years

View source version on businesswire.com: http://www.businesswire.com/news/home/20151002005386/en/