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Banner Health invests in firm that gained attention as domestic PPE manufacturer

N95 Face Mask
Posted at 9:42 AM, May 27, 2020
and last updated 2020-05-27 12:42:44-04

Phoenix-based Banner Health is joining 14 other health care systems nationwide in acquiring a minority stake in a personal protective equipment manufacturer that garnered national attention for its co-owner’s warnings of America’s PPE shortage and the paucity of domestic manufacturers.

The amount of the health care systems’ investment in privately-held Prestige Ameritech, which is located in the Fort Worth, Texas, area, was not disclosed.

Banner Health said Tuesday the systems are partnering in the investment with Premier Inc., a Charlotte, North Carolina, company that works with health care systems to improve their businesses.

Premier recently launched a strategy that includes investing in domestic suppliers of personal protective equipment and other suppliers of medical commodities that suffered shortages during the Covid-19 pandemic.

Read more from the Phoenix Business Journal.