Business

Premier buys Illinois software company for $65 million

Charlotte-based health solutions company Premier Inc. said Wednesday it has purchased health care analytics firm Healthcare Insights for $65 million.

Healthcare Insights is a privately held, Libertyville, Ill.-based software developer that provides hospitals and health care systems with budgeting, forecasting, labor productivity and cost analytic capabilities, according to a statement from Premier.

Premier said the acquisition was effective July 31 and is expected to “modestly” add to Premier’s revenue growth in fiscal 2016.

“It is not enough to have financial, operational and clinical data. Health systems must understand how to translate that information into effective cost containment strategies, as well as superior clinical outcomes,” said Keith Figlioli, Premier’s senior vice president of health informatics.

In other recent acquisition news, Premier also said recently it reached an agreement to purchase a Pittsburgh-based health care tech company called CECity Inc. for $400 million.

Premier employs about 1,700 people, 60 percent of whom are based in Charlotte.

Katherine Peralta: 704-358-5079, @katieperalta

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