Banner Health partners to expand domestic PPE production
Premier Inc., Prestige Ameritech provide Banner with an additional US-based supplier
Posted 6/6/20
Banner Health has partnered with Premier Inc., a healthcare improvement company, to acquire a minority stake in Prestige Ameritech, the largest domestic manufacturer of face masks, including N95 respirators and surgical masks.
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Banner Health partners to expand domestic PPE production
Premier Inc., Prestige Ameritech provide Banner with an additional US-based supplier
Posted
IF YOU GO:
What: Banner Boswell Medical Center
When: 10401 W. Thunderbird Blvd., Sun City
Banner Boswell Medical Center 10401 W. Thunderbird Blvd. Sun City, AZ
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Banner Health has partnered with Premier Inc., a healthcare improvement company, to acquire a minority stake in Prestige Ameritech, the largest domestic manufacturer of face masks, including N95 respirators and surgical masks.
In addition to the equity investment, Banner will commit to purchase a portion of all masks they use annually from Prestige Ameritech for up to six years, inclusive of a three-year renewal option.
PPE products critical for the daily operations of health systems are overwhelmingly sourced overseas, with approximately 80 percent coming from China and Southeast Asia, a Banner news release states. The risks associated with this came into sharp focus earlier this year, as the COVID-19 pandemic swept across the globe and these nations closed borders and prevented U.S. access to supplies.
In contrast, Prestige Ameritech represents a primarily domestic supply chain, drawing raw materials and production capabilities from the United States. Prestige also does 100 percent of its business with U.S. customers.
Banner Del E Webb Medical Center is located at 14502 W. Meeker Blvd., Sun City West, and Banner Boswell Medical Center is located at 10401 W. Thunderbird Blvd., Sun City.
“Overreliance on foreign manufacturers is a key reason why we’ve had concerns about the consistency of available PPE supplies at care sites across the country during the COVID-19 pandemic,” Banner’s chief financial officer Dennis Laraway stated. “With this long-term agreement, Banner is breaking that cycle to fund domestic alternatives. Not only does this create more diversity in the supply chain, but it also helps ensure that our workforce has the supplies they need to stay safe, healthy and able to provide quality care for the patients that count on us.”
The financial terms of the agreement were not disclosed.
“Banner Health is a true innovator, as they are the first to step up and commit to funding the long-term domestic manufacturing of healthcare products,” Premier Inc president Michael J. Alkire stated. “This agreement and the added domestic supply it enables would not be possible without Banner’s commitment. Banner deserves recognition for their leadership and for their real work to bring supplies back home to America.”
