Repertoire/HIDA currently accepting nominations for 2014/2015 Excellence in Sales Award
Repertoire Magazine and Health Industry Distributors Association’s (HIDA) (Alexandria, VA) 2014/2015 Excellence in Sales Awards will be given to a top-performing distributor sales representative and manufacturer sales representative. Our industry’s most prestigious sales awards will be presented during the Medical Distribution Hall of Fame Dinner in Atlanta, Georgia on June 4, 2015. The deadline for nominations is April 1, 2015, so submit your nomination today at www.repertoiremag.com/sales-award-nomination.
Pfizer to acquire Hospira
Pfizer Inc (New York, NY) and Hospira Inc (Lake Forest, IL) entered into a definitive merger agreement under which Pfizer will acquire Hospira for $90 a share in cash for a total enterprise value of approximately $17 billion. The boards of directors of both companies have unanimously approved the merger. The combination will add a growing revenue stream and a platform for growth for Pfizer’s GEP business. The transaction is subject to customary closing conditions, including regulatory approvals in several jurisdictions and approval of Hospira’s shareholders, and is expected to close in the second half of 2015.
VHA, UHC sign merger agreement
VHA Inc (Irving, TX) and UHC (Chicago, IL) signed an agreement to combine into a single organization that will be the largest member-owned healthcare company in the country. Financial terms of the deal, which is expected close by the end of March 2015, were not disclosed. Curt Nonomaque, president and CEO of VHA, will serve as president and CEO of the new company. Irene Thompson, president and CEO of UHC, will accept a leadership position focused on academic medical center networks during the transition. Marna Borgstrom, president and CEO of Yale New Haven Health System (New Haven, CT), will be the board chair, and Ann Madden Rice, CEO of UC Davis Medical Center (Sacramento, CA), will be vice-chair of the board. The new combined company, which will be headquartered in Irving, Texas with an office in Chicago, will serve more than 5,200 health system members and affiliates, provide services to nearly 30 percent of the nation’s hospitals, and boast more than $50 billion in purchasing volume. A new company name will be announced at a later date