
IonQ Appoints Paul T. Dacier as Chief Legal Officer and Corporate Secretary
Dacier is a highly accomplished executive and legal advisor to innovative companies in the technology and data solutions space. Dacier most recently served as a Partner at Quinn Emanuel Urquhart & Sullivan, LLP, where he provided expert counsel to C-level executives and boards of directors on a range of business and legal matters. Dacier previously served as General Counsel of EMC Corporation for more than 25 years, where he oversaw worldwide legal affairs through an era of immense revenue growth. Dacier is currently Non-Executive Chairman of the Board of Directors at AerCap Holdings, N.V., and serves on the Board of Directors at Progress Software, where he is Chairman of the Nominating and Corporate Governance Committee.
'We are thrilled to welcome Paul to IonQ,' said Niccolo de Masi, CEO of IonQ. 'Paul has an incredible track record of counseling technology companies during periods of significant growth, both organically and through sizeable acquisitions. His robust legal experience and understanding of our industry will bolster IonQ's efforts to accelerate our quantum computing, networking and applications business, driving value for our customers and shareholders. We are confident Paul's addition to our team will support the execution of IonQ's ecosystem strategy as we build on our recent momentum.'
de Masi continued, 'I would also like to express my sincere thanks to Stacey for her many contributions to IonQ throughout her tenure.'
Dacier commented, 'I am excited to join IonQ at this significant moment for both the company and the quantum industry. IonQ has proven itself as an industry leader, delivering tangible value for customers today while remaining at the forefront of innovation for the future. I look forward to working with IonQ's talented team to build on the company's impressive trajectory of growth in the quantum era.'
About IonQ
IonQ, Inc. (NYSE: IONQ) is a leading commercial quantum computing, quantum networking, and quantum applications company, delivering high-performance systems aimed at solving the world's most complex problems. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems that have been helping customers and partners such as Amazon Web Services, AstraZeneca and NVIDIA achieve 20x performance results. The company is accelerating its technology roadmap and intends to deliver the world's most powerful quantum computers with 2M qubits by 2030 to accelerate innovation in drug discovery, materials science, financial modeling, logistics, cybersecurity and defense. IonQ's advancements in quantum networking also positions the company as a leader in building the quantum internet.
The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ.com
IonQ Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words 'pending,' 'look forward,' 'accelerate,' 'achieve,' 'advancing,' 'anticipate,' 'building,' 'enabling,' 'expect,' 'mission,' 'opportunity,' 'pioneer,' 'position,' 'push,' 'support,' 'suggests,' 'plan,' 'believe,' 'intend,' 'estimates,' 'targets,' 'projects,' 'should,' 'could,' 'would,' 'may,' 'vision,' 'will,' 'forecast,' 'offers' and other similar expressions are intended to identify forward-looking statements. These statements include those related to IonQ's position in the quantum computing and networking sector; IonQ's acquisition of, and partnerships with, other quantum computing companies, IonQ's ability to effectively consummate and integrate such acquisitions and partnerships and the expected benefits thereof; the efficacy of new applications of quantum computing; future investments in IonQ and its cash position; IonQ's ability to execute against its strategy; IonQ's brand, momentum and business and greater flexibility for growth and expansion; the success of partnerships and collaborations between IonQ and other parties, including development and commercialization of products and services with such parties; IonQ's ability to generate near- and long-term value; advancement of quantum networking technology; the company's technology driving commercial applications in the future; and the company's future financial and operating performance.. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive industries in which IonQ operates, including development of competing technologies; our ability to sell effectively to government entities and large enterprises; changes in laws and regulations affecting IonQ's and its suppliers' businesses; IonQ's ability to implement its business plans, forecasts and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ's ability to effectively integrate its acquisitions; its inability to effectively enter new markets; IonQ's ability to deliver services and products within currently anticipated timelines; its inability to attract and retain key personnel including personnel of acquired companies; the conditions for closing IonQ's anticipated acquisitions not being met; IonQ's customers deciding or declining to extend contracts into new phases; the inability of its suppliers to deliver components that meet expectations timely; changes in U.S. government spending or policy that may affect IonQ's customers; changes to U.S. government goals and metrics of success with regard to implementation of quantum computing and quantum networking; and risks associated with U.S. government sales, including availability of funding and provisions that allow the government to unilaterally terminate or modify contracts for convenience. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the company's filings, including but not limited to those described in the 'Risk Factors'' section of IonQ's most recent periodic financial reports on Form 10-Q or 10-K and other documents filed by IonQ from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations.

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These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "confident," "scenario" and other words of similar meaning in connection with a discussion of future operating or financial performance. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, share repurchases, tax rates and other measures of financial performance or potential future plans, strategies or transactions of Carrier, Carrier's guidance for full-year 2025, Carrier's plans with respect to our indebtedness and other statements that are not historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995. 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The forward-looking statements speak only as of the date of this communication. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additional information as to factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements is disclosed from time to time in our other filings with the SEC. About CarrierCarrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating innovations that bring comfort, safety and sustainability to life. Through cutting-edge advancements in climate solutions such as temperature control, air quality and transportation, we improve lives, empower critical industries and ensure the safe transport of food, life-saving medicines and more. Since inventing modern air conditioning in 1902, we lead with purpose: enhancing the lives we live and the world we share. We continue to lead because of our world-class, inclusive workforce that puts the customer at the center of everything we do. For more information, visit or follow Carrier on social media at @Carrier. Carrier. For the World We Share. CARR-IR Contact: Investor RelationsMichael Rednor561-365-2020InvestorRelations@ InquiriesJason SELECTED FINANCIAL DATA, NON-GAAP MEASURES AND DEFINITIONS Following are tables that present selected financial data of Carrier Global Corporation ("Carrier"). Also included are reconciliations of non-GAAP measures to their most comparable GAAP measures. As a result of Carrier's portfolio transformation, Carrier revised its reportable segments during the first quarter of 2025 to better reflect its business strategy, align its management reporting and increase transparency for investors. In connection with the revised structure, the Chief Operating Decision Maker changed the measure used to evaluate segment profitability from Operating profit to Segment operating profit. It represents operating profit (a GAAP measure) adjusted to exclude restructuring costs, amortization of acquired intangible assets and other significant items of a nonoperational nature. All prior period comparative information has been recast to reflect the revised segment structure. Use and Definitions of Non-GAAP Financial MeasuresCarrier reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information determined under GAAP with certain non-GAAP financial information. The non-GAAP information presented provides investors with additional useful information, but should not be considered in isolation or as substitutes for the related GAAP measures. Moreover, other companies may define non-GAAP measures differently, which limits the usefulness of these measures for comparisons with such other companies. We encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. A reconciliation of the non-GAAP measures to the corresponding amounts prepared in accordance with GAAP appears in the tables in this Appendix. The tables provide additional information as to the items and amounts that have been excluded from the adjusted measures. Organic sales, adjusted operating profit, adjusted operating margin, adjusted net income, adjusted earnings per share ("EPS"), adjusted effective tax rate and net debt are non-GAAP financial measures and are associated with Carrier's continuing operations unless specifically noted. Organic sales represents consolidated net sales (a GAAP measure), excluding the impact of foreign currency translation, acquisitions and divestitures completed in the preceding twelve months and other significant items of a nonoperational nature (hereinafter referred to as "other significant items"). Adjusted operating profit represents consolidated operating profit (a GAAP measure), excluding restructuring costs, amortization of acquired intangibles and other significant items. Adjusted operating margin represents adjusted operating profit as a percentage of consolidated net sales (a GAAP measure). Adjusted net income represents net income attributable to common shareowners (a GAAP measure), excluding restructuring costs, amortization of acquired intangibles and other significant items. Adjusted EPS represents diluted earnings per share (a GAAP measure), excluding restructuring costs, amortization of acquired intangibles and other significant items. The adjusted effective tax rate represents the effective tax rate (a GAAP measure), excluding restructuring costs, amortization of acquired intangibles and other significant items. Net debt represents long-term debt (a GAAP measure) less cash and cash equivalents (a GAAP measure). Free cash flow is a non-GAAP financial measure that represents net cash flows provided by continuing operating activities (a GAAP measure) less capital expenditures. Management believes free cash flow is a useful measure of liquidity and an additional basis for assessing Carrier's ability to fund its activities, including the financing of acquisitions, debt service, repurchases of Carrier's common stock and distribution of earnings to shareowners. Orders are contractual commitments with customers to provide specified goods or services for an agreed upon price and may not be subject to penalty if cancelled. When Carrier provides our expectations for organic sales, adjusted operating profit, adjusted operating margin, adjusted effective tax rate, adjusted EPS and free cash flow on a forward-looking basis, a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measures generally is not available without unreasonable effort due to potentially high variability, complexity and low visibility as to the items that would be excluded from the GAAP measure in the relevant future period, such as unusual gains and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, future restructuring costs, and other structural changes or their probable significance. The variability of the excluded items may have a significant, and potentially unpredictable, impact on our future GAAP results. Carrier Global Corporation Condensed Consolidated Statement of Operations (Unaudited) Three Months Ended June 30,Six Months Ended June 30, (In millions, except per share amounts)2025202420252024 Net sales Product sales$ 5,477$ 5,311$ 10,129$ 10,153 Service sales6366231,2021,201 Total Net sales6,1135,93411,33111,354 Costs and expenses Cost of products sold(3,867)(3,867)(7,225)(7,449) Cost of services sold(477)(492)(892)(945) Research and development(161)(160)(314)(352) Selling, general and administrative(813)(789)(1,542)(1,596) Total Costs and expenses(5,318)(5,308)(9,973)(10,342) Equity method investment net earnings7890122121 Other income (expense), net30852(24) Operating profit9037241,5321,109 Non-service pension (expense) benefit——1— Interest (expense) income, net(91)(157)(173)(298) Earnings before income taxes8125671,360811 Income tax (expense) benefit(162)(120)(273)(167) Earnings from continuing operations6504471,087644 Discontinued operations, net of tax(17)1,922(17)2,014 Net 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38,493$ 37,403 Carrier Global Corporation Condensed Consolidated Statement of Cash Flows (Unaudited) Six Months Ended June 30, (In millions)20252024 Operating Activities Net earnings (loss)$ 1,070$ 2,658 Discontinued operations, net of tax17(2,014) Adjustments for non-cash items, net: Depreciation and amortization620602 Deferred income tax provision(158)(231) Stock-based compensation costs4440 Equity method investment net earnings(122)(121) (Gain) loss on sale of investments(17)— Changes in operating assets and liabilities Accounts receivable, net(702)(232) Inventories, net(412)7 Accounts payable and accrued liabilities3782 Distributions from equity method investments8112 Other operating activities, net(47)(114) Net cash flows provided by (used in) continuing operating activities752609 Net cash flows provided by (used in) discontinued operating activities38091 Net cash flows provided by (used in) operating activities1,132700 Investing Activities Capital expenditures(144)(210) Investment in businesses, net of cash acquired(61)(10,779) Dispositions of businesses8— Settlement of derivative contracts, net87(185) Other investing activities, net(3)27 Net cash flows provided by (used in) continuing investing activities(113)(11,147) Net cash flows provided by (used in) discontinued investing activities354,874 Net cash flows provided by (used in) investing activities(78)(6,273) Financing Activities Increase (decrease) in short-term borrowings, net(57)7 Issuance of long-term debt152,555 Repayment of long-term debt(1,208)(3,542) Repurchases of common stock(1,628)— Dividends paid on common stock(390)(330) Dividends paid to non-controlling interest(9)(67) Other financing activities, net(17)(14) Net cash flows provided by (used in) continuing financing activities(3,294)(1,391) Net cash flows provided by (used in) discontinued financing activities—(15) Net cash flows provided by (used in) financing activities(3,294)(1,406) Effect of foreign exchange rate changes on cash and cash equivalents68(82) Net increase (decrease) in cash and cash equivalents and restricted cash, including cash classified in current assets held for sale(2,172)(7,061) Less: Change in cash balances classified as assets held for sale—34 Net increase (decrease) in cash and cash equivalents and restricted cash(2,172)(7,095) Cash, cash equivalents and restricted cash, beginning of period3,9729,853 Cash, cash equivalents and restricted cash, end of period1,8002,758 Less: restricted cash32 Cash and cash equivalents, end of period$ 1,797$ 2,756 Carrier Global Corporation Segment Summary (Unaudited)Three Months Ended June 30,Six Months Ended June 30, (In millions) 2025202420252024 Segment net sales Climate Solutions Americas$ 3,252... $ 2,865$ 5,824$ 5,225 Climate Solutions Europe1,2531,1942,4222,486 Climate Solutions Asia Pacific, Middle East & Africa8829021,7081,786 Climate Solutions Transportation7269731,3771,857 Segment net sales$ 6,113$ 5,934$ 11,331$ 11,354 Segment operating profit Climate Solutions Americas$ 879$ 713$ 1,449$ 1,138 Climate Solutions Europe9993204260 Climate Solutions Asia Pacific, Middle East & Africa135157256265 Climate Solutions Transportation128138225251 Segment operating profit$ 1,241$ 1,101$ 2,134$ 1,914 Segment operating margin Climate Solutions Americas27.0 %24.9 %24.9 %21.8 % Climate Solutions Europe7.9 %7.8 %8.4 %10.5 % Climate Solutions Asia Pacific, Middle East & Africa15.3 %17.4 %15.0 %14.8 % Climate Solutions Transportation17.6 %14.2 %16.3 %13.5 % Components of Changes in Net Sales Three Months Ended June 30, 2025 Compared with Three Months Ended June 30, 2024 (Unaudited)Factors Contributing to Total % change in Net SalesOrganicFXTranslationAcquisitions /Divestitures, netOtherTotal Climate Solutions Americas 14 %— %— %— %14 % Climate Solutions Europe — %5 %— %— %5 % Climate Solutions Asia Pacific, Middle East & Africa (4) %2 %— %— %(2) % Climate Solutions Transportation (1) %1 %(25) %— %(25) % Consolidated 6 %1 %(4) %— %3 % Six Months Ended June 30, 2025 Compared with Six Months Ended June 30, 2024 (Unaudited)Factors Contributing to Total % change in Net SalesOrganicFXTranslationAcquisitions /Divestitures, netOtherTotal Climate Solutions Americas 11 %— %— %— %11 % Climate Solutions Europe (4) %1 %— %— %(3) % Climate Solutions Asia Pacific, Middle East & Africa (5) %1 %— %— %(4) % Climate Solutions Transportation — %— %(26) %— %(26) % Consolidated 4 %— %(4) %— %— % Carrier Global Corporation Reconciliations (Unaudited) Three Months Ended June 30,Six Months Ended June 30, (In millions)2025202420252024 Reconciliation to Earnings before income taxes Segment operating profit$ 1,241$ 1,101$ 2,134$ 1,914Corporate and other(75)(45)(120)(94) Restructuring costs(47)(29)(55)(37) Amortization of acquired intangibles(214)(170)(415)(342) Acquisition step-up amortization—(109)—(220) Acquisition/divestiture-related costs(9)(24)(19)(72) CCR gain7—7— Viessmann-related hedges———(86) Gain on liability adjustment ———46 Non-service pension (expense) benefit——1— Interest (expense) income, net(91)(157)(173)(298) Earnings before income taxes$ 812$ 567$ 1,360$ 811 (Unaudited) Three Months Ended June 30,Six Months Ended June 30, (In millions)2025202420252024 Reconciliation of Segment operating profit to Adjusted operating profit Climate Solutions Americas$ 879$ 713$ 1,449$ 1,138 Climate Solutions Europe9993204260 Climate Solutions Asia Pacific, Middle East & Africa135157256265 Climate Solutions Transportation128138225251 Segment operating profit$ 1,241$ 1,101$ 2,134$ 1,914 Corporate and other(75)(45)(120)(94) Adjusted operating profit$ 1,166$ 1,056$ 2,014$ 1,820 Carrier Global Corporation Reconciliation of Reported (GAAP) to Adjusted (Non-GAAP) Results Net Income, Earnings Per Share and Effective Tax Rate (Unaudited)Three Months Ended June 30, 2025Six Months Ended June 30, 2025 (In millions, except per share amounts) ReportedAdjustmentsAdjustedReportedAdjustmentsAdjusted Net sales $ 6,113$ —$ 6,113$ 11,331$ —$ 11,331 Operating profit $ 903263 a $ 1,166$ 1,532482 a $ 2,014 Operating margin 14.8 %19.1 %13.5 %17.8 % Earnings before income taxes $ 812263 a $ 1,075$ 1,360482 a,b $ 1,842 Income tax (expense) benefit $ (162)(75) c $ (237)$ (273)(133) c $ (406) Effective tax rate 20.0 %22.1 %20.1 %22.1 % Earnings from continuing operations attributable to common shareowners $ 608$ 188$ 796$ 1,020$ 349$ 1,369 Summary of Adjustments:Amortization of acquired intangibles $ 214 a $ 415 aRestructuring costs 47 a 55 aAcquisition/divestiture-related costs 9 a 19 aCCR gain (7) a (7) aTotal adjustments $ 263$ 482 Tax effect on adjustments above $ (69)$ (127) Tax specific adjustments (6)(6) Total tax adjustments $ (75) c $ (133) c Diluted shares outstanding 866.3866.3872.3872.3 Diluted earnings per share:Continuing operations $ 0.70$ 0.92$ 1.17$ 1.57 Carrier Global Corporation Reconciliation of Reported (GAAP) to Adjusted (Non-GAAP) Results Net Income, Earnings Per Share and Effective Tax Rate (Unaudited)Three Months Ended June 30, 2024Six Months Ended June 30, 2024 (In millions, except per share amounts) ReportedAdjustmentsAdjustedReportedAdjustmentsAdjusted Net sales $ 5,934$ —$ 5,934$ 11,354$ —$ 11,354 Operating profit $ 724332 a $ 1,056$ 1,109711 a $ 1,820 Operating margin 12.2 %17.8 %9.8 %16.0 % Earnings before income taxes $ 567344 a,b $ 911$ 811723 a,b $ 1,534 Income tax (expense) benefit $ (120)(87) c $ (207)$ (167)(173) c $ (340) Effective tax rate 21.2 %22.7 %20.6 %22.2 % Earnings from continuing operations attributable to common shareowners $ 415$ 257$ 672$ 592$ 550$ 1,142 Summary of Adjustments:Amortization of acquired intangibles $ 170 a $ 342 aRestructuring costs 29 a 37 aAcquisition/divestiture-related costs 24 a 72 aAcquisition step-up amortization (1) 109 a 220 aViessmann-related hedges — a 86 aGain on liability adjustment (2) — a (46) aDebt prepayment costs $ 12 b $ 12 bTotal adjustments $ 344$ 723 Tax effect on adjustments above $ (87)$ (173) Total tax adjustments $ (87) c $ (173) c Diluted shares outstanding 915.3915.3913.6913.6 Diluted earnings per share:Continuing operations $ 0.45$ 0.73$ 0.65$ 1.25 (1) Amortization of the step-up to fair value of acquired inventory and backlog. (2) Gain associated with an adjustment to our tax-related liability owed to UTC. Free Cash Flow Reconciliation (Unaudited) Three Months Ended June 30,Six Months Ended June 30, (In millions)2025202420252024 Net cash flows provided by operating activities$ 649$ 660$ 1,132$ 700 Less: Capital expenditures - continuing operations(81)(108)(144)(210) Less: Capital expenditures - discontinued operations—(3)—(5) Free cash flow$ 568$ 549$ 988$ 485 Net Debt Reconciliation (Unaudited) (In millions)June 30, 2025December 31, 2024 Long-term debt$ 11,336$ 11,026 Current portion of long-term debt1071,252 Less: Cash and cash equivalents1,7973,969 Net debt$ 9,646$ 8,309 View original content to download multimedia: SOURCE Carrier Global Corporation Sign in to access your portfolio


Business Wire
11 minutes ago
- Business Wire
Vizient Projects Continued Cost Pressures Across the Healthcare Supply Chain in 2026
IRVING, Texas--(BUSINESS WIRE)--Vizient® released its Summer 2025 Spend Management Outlook forecasting a 3.35% increase in pharmaceutical prices in 2026 with healthcare providers seeing increased usage in GLP-1 therapies, specialty medications and high-cost cell and gene therapies. Supply chain prices in products, materials and services are projected to rise 2.41%, led by IT services, capital equipment and surgical supplies. Read the Summer 2025 Spend Management Outlook. The Outlook provides a forward-looking analysis of product cost inflation for the 2026 calendar year and identifies ongoing market challenges—including the evolving impact of U.S. tariffs. Established tariffs as of April were considered in the formulation of the projections for supply chain categories outside of pharmacy. Vizient continues to monitor pending and potential tariffs working with suppliers and providers to mitigate any impact. CAR-T therapies and GLP-1s reshape pharmacy market dynamics An analysis of the Vizient Clinical Data Base shows specialty therapies—particularly CAR-T cellular therapies—emerge as one of the dominant drivers of inpatient drug spend across all acquisition channels. These treatments, such as Carvykti® manufactured by Janssen Biotech, a subsidiary of Johnson & Johnson and Yescarta®, manufactured by Kite Pharma, a Gilead Sciences company, are used for complex conditions such as hematologic cancers. 'These emerging therapeutic technologies are typically obtained through direct-from-manufacturer purchasing models rather than traditional wholesale distribution, which puts additional cost and operational pressures on healthcare organizations and clinical teams,' said Carina Dolan, associate vice president, clinical oncology, pharmacoeconomics & market insights, Vizient. 'Health systems must be equipped not only to deliver these therapies, but also to manage their financial impact and navigate the complex acquisition and reimbursement processes associated with them.' Spend for GLP-1 tirzepatide (Mounjaro® and Zepbound™), both manufactured by Eli Lilly and Company, surged by 167% in 2024 compared to 2023 among Vizient pharmacy program participants, with GLP-1 agents ranking seventh and eighth in total Vizient-tracked wholesaler pharmacy spend. As these therapies help reduce obesity-related conditions, hospitals may see a decline in certain associated procedures, including those for hernias, pressure-related wounds and soft tissue complications. At the same time, providers must prepare for potential increases in surgeries linked to medication side effects, such as cholecystectomies or procedures addressing gastrointestinal complications. Immune globulin surpasses Humira® amid rising autoimmune treatment costs Autoimmune and inflammatory therapies have overtaken oncology as the top therapeutic class for the first time, now accounting for 24.83% of total wholesaler-based pharmacy spend among Vizient program participants. Immune globulin is now the number one drug by spend, with a 22% increase since January, driven by expanding use in pediatric and chronic disease segments. Humira® (manufactured by AbbVie Inc.), a longstanding leader in total Vizient pharmacy spend, has declined 7.6% since January to No. 2 in total Vizient pharmacy program spend due to the increase in biosimilar competition. Indirect spend category and capital equipment lead supply chain inflation Indirect spend, encompassing non-clinical goods and services such as security, food services, information technology and construction, accounts for approximately 20-25% of a hospital's total expenses and is expected to rise 3.34%, driven by IT services prices, projected to rise 5.5% and prices for non-medical capital equipment for purchases such as HVAC and furniture, projected to rise 4.17%. Rising labor costs, diseases impacting poultry, cattle and produce and weather-related events, such as drought in the Midwest leading to reduced cattle herds, are driving cost pressures across key food categories—contributing to supply instability and continued pricing volatility. Food prices are projected to increase by 3.31%. 'These changes will significantly impact procurement strategies for health systems in the coming year,' said Jeff King, research and intelligence director, Vizient. Additional areas of focus include: Medical capital equipment— Molecular imaging and nuclear medicine emerged as a newly tracked capital spend category, reflecting growing investment in precision diagnostics and theranostics, therapies that combine therapeutic and diagnostic radiopharmaceuticals, across health systems. Molecular imaging and nuclear medicine emerged as a newly tracked capital spend category, reflecting growing investment in precision diagnostics and theranostics, therapies that combine therapeutic and diagnostic radiopharmaceuticals, across health systems. Surgical supplies— Prices for surgical supplies are projected to rise 3.28%, driven in part by increases in raw material prices, manufacturing labor costs and fluctuating freight expenses. Prices for surgical supplies are projected to rise 3.28%, driven in part by increases in raw material prices, manufacturing labor costs and fluctuating freight expenses. Physician preference items—This category, including cardiology, surgical services and orthopedic devices, continues to show high variability, underscoring the need for greater standardization and strategic sourcing strategies. The Spend Management Outlook projects the price of products purchased in both the acute and ambulatory care environments providing a year-over-year estimate of the expected price changes. Pharmacy projections are based on Vizient client purchases made through traditional wholesaler channels from April 1, 2024 through March 31, 2025. Supply chain projections are based on a Vizient analysis of various public sources including the U.S. Bureau of Labor Statistics, U.S. Department of Agriculture, the Energy Information Administration and Vizient product category expertise. Read more about the latest Spend Management Outlook. About Vizient, Inc. Vizient, Inc., the nation's largest provider-driven healthcare performance improvement company, serves more than 65% of the nation's acute care providers, including 97% of the nation's academic medical centers, and more than 35% of the non-acute market. The Vizient contract portfolio represents $140 billion in annual purchasing volume enabling the delivery of cost-effective, high-value care. With its acquisition of Kaufman Hall in 2024, Vizient expanded its advisory services to help providers achieve financial, strategic, clinical and operational excellence. Headquartered in Irving, Texas, Vizient has offices throughout the United States. Learn more at