Premier buying software firm for $117 million

08/05/2014 4:51 PM

08/05/2014 4:52 PM

Premier Inc., which provides purchasing and performance improvement services to an alliance of 3,000 hospitals, on Tuesday said it’s buying software provider TheraDoc for $117 million in cash.

The Charlotte-based company said the transaction is expected to close in the fiscal quarter ending Sept. 30, subject to potential purchase price adjustments.

TheraDoc, a subsidiary of Hospira, provides hospitals with software that protects patients from infections, harmful drug interactions and other adverse situations.

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