Premier Inc. has named a veteran investment banker as its head of corporate development and strategy, as the Charlotte-based health care company continues to hunt for new acquisitions.
Dave Vorhoff’s duties will include overseeing Premier’s strategic plan, establishing new business relationships and overseeing merger and acquisition activities, the company said Friday. He replaces Terry Linn, who retired recently.
Vorhoff was previously a co-founder of McColl Partners, a Charlotte investment bank that provided merger advice to midsized companies. The Deloitte accounting firm acquired the firm in 2013, and Vorhoff most recently served as managing director of Deloitte Corporate Finance’s life sciences and healthcare group.
“Dave’s extensive experience in corporate growth and development makes him a welcome addition to Premier,” Susan DeVore, Premier’s CEO, said in a statement. “We are thrilled to have him on board to drive strategic business practices that support long-term success for both Premier and our members.”
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Premier provides purchasing and performance-improvement services to an alliance of about 3,600 hospitals. The company, which went public in fall 2013, has been an active buyer of other health care companies, tallying nine acquisitions in two-plus years.
“We continue to have a very active pipeline,” of potential deals, DeVore told analysts in the company’s fiscal first quarter conference call last month.
Premier has about 1,800 employees, a little over half based in its Ballantyne headquarters.