Online healthcare trading exchanges Global Healthcare Exchange (GHX) and Medibuy have signed a definitive merger agreement.
If completed, the merger would result in a single electronic trading exchange. In aggregate, GHX and Medibuy have been chosen by more than 1,400 hospitals and other healthcare facilities and 100 suppliers as preferred partners for purchasing healthcare products and supplies, according to the firms.
The two companies will combine operations under the name Global Healthcare Exchange, to be based in Westminster, CO. GHX will remain a privately held firm, and will be led by current GHX CEO Mike Mahoney.
Medibuy shareholder approval is expected before the end of the year, according to the firms. Terms of the deal were not disclosed.
By AuntMinnie.com staff writersDecember 12, 2002
Related Reading
Siemens joins Global Healthcare Exchange, April 3, 2001
GE joins medibuy marketplace, March 13, 2001
Global Healthcare Exchange adds members, February 22, 2001
Global Healthcare Exchange expands European operations, January 5, 2001
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