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Yahoo
25-02-2025
- Business
- Yahoo
GHX Celebrates Excellence among Leading Healthcare Providers with 2024 Supply Chains of Distinction Award
LOUISVILLE, Colo., Feb. 25, 2025 /PRNewswire/ -- Global Healthcare Exchange (GHX) today announced the recipients of its Supply Chains of Distinction Award for 2024, which honors excellence in hospitals and health systems across North America. This prestigious award recognizes GHX Exchange-connected provider organizations that drove best-in-class efficiencies by most successfully executing "perfect order" metrics during the 2024 calendar year – a measure of an organization's supply chain performance. This year's class of winners will be honored at the 2025 GHX Summit, which will take place May 13-16, 2025, in Atlanta, GA. "Even in the face of unprecedented fragility in the healthcare supply chain, these remarkable organizations continue to push forward to drive meaningful change," said Tina Vatanka Murphy, President and CEO of GHX. "By harnessing automation, trusted data and deeper clinical integration, they're not only strengthening supply chain efficiency but also creating a more resilient, sustainable foundation for the future of healthcare." The following 2024 Supply Chains of Distinction recipients represent the top 25 performers for transaction volumes across three organizational segments - Small, Medium and Large. Small Blanchard Valley Health System (Findlay, OH) Bozeman Health (Bozeman, MT) Brooklyn Hospital Center at Downtown Campus (Brooklyn, NY) Carteret Health Care (Morehead City, NC) CentraState Healthcare System (Freehold, NJ) Children's Hospital of Orange County (Orange, CA) Connecticut Children's (Hartford, CT) Contra Costa Health (Martinez, CA) Erie County Medical Center (Buffalo, NY) Eskenazi Health (Indianapolis, IN) Fort HealthCare, Inc. (Fort Atkinson, WI) Greater Baltimore Medical Center (Baltimore, MD) Ivinson Memorial Hospital (Laramie, WY) Major Hospital (Shelbyville, IN) North Oaks Health System (Hammond, LA) The Polyclinic (Seattle, WA) St. Claire Regional Medical Center (Morehead, KY) Saint Francis Healthcare System (Cape Girardeau, MO) St. Johns Health (Jackson, WY) Southwest General Health Center (Middleburg Heights, OH) TJ Regional Health (Glasgow, KY) UAB Medical West (Bessemer, AL) University of Alabama Health Services Foundation (Birmingham, AL) University of Toledo Medical Center (Toledo, OH) Weirton Medical Center (Weirton, WV) Medium Ann & Robert H. Lurie Children's Hospital of Chicago (Chicago, IL) Cape Cod Healthcare (Hyannis, MA) Children's of Alabama (Birmingham, AL) El Camino Health (Mountain View, CA) Erlanger Health (Chattanooga, TN) Harris Health System (Houston, TX) Marshall Health Network (Huntington, WV) The MetroHealth System (Cleveland, OH) Mohawk Valley Health System (Utica, NY) Nationwide Children's Hospital (Columbus, OH) Northern Light Health (Brewer, ME) Presbyterian Healthcare Services (Albuquerque, NM) The Queen's Health System (Honolulu, HI) Riverside Health (Newport News, VA) Roswell Park Comprehensive Cancer Center (Buffalo, NY) San Antonio Regional Hospital (Upland, CA) Seattle Children's (Seattle, WA) South Shore Health (South Weymouth, MA) TMC Health (Tucson, AZ) TriHealth (Cincinnati, OH) UC Irvine Health (Irvine, CA) UK King's Daughters Medical Center (Ashland, KY) University of Tennessee Medical Center (Knoxville, TN) UW Health - Northern Illinois Region (Rockford, IL) Valley Medical Center (Renton, WA) Large Allina Health (Minneapolis, MN) Beth Israel Lahey Health (Cambridge, MA) Catholic Health System (Buffalo, NY) Children's Healthcare of Atlanta (Atlanta, GA) ECU Health (Greenville, NC) Henry Ford Health (Detroit, MI) Loma Linda University Health (Loma Linda, CA) M Health Fairview (Minneapolis, MN) McLaren Health Care (Grand Blanc, MI) NewYork-Presbyterian (New York, NY) Nuvance Health (Danburry, CT) NYC Health + Hospitals (New York, NY) OhioHealth (Columbus, OH) Penn State Health (Hershey, PA) Providence Health & Services (Renton, WA) Rush University Medical Center (Chicago, IL) St. Luke's Health System (Boise, ID) Sarasota Memorial Health Care System (Sarasota, FL) Scripps Health (San Diego, CA) Sentara Health (Norfolk, VA) Tufts Medicine (Burlington, MA) UC San Diego Health (San Diego, CA) UChicago Medicine (Chicago, IL) UCLA Health (Los Angeles, CA) VCU Health (Richmond, VA) These organizations ranked as top performers in "perfect order' metrics, reflecting their proficiency in automating and optimizing supply chain processes from purchase through payment. GHX customers have visibility to their Perfect Order performance via the Supply Chain Analytics dashboard on the GHX platform. For more information on this Award, please visit our dedicated Supply Chains of Distinction Award page. About GHX Building on decades of collaboration among providers, manufacturers, distributors and other industry stakeholders, Global Healthcare Exchange, LLC (GHX) is leading the charge in helping organizations run the new business of healthcare. By automating key business processes and translating evidence-based analytics and data into meaningful action, GHX is helping the healthcare ecosystem to move faster, operate more intelligently and achieve greater outcomes. With the support of GHX, healthcare organizations have removed billions of dollars of wasteful healthcare spend. For more information on GHX's suite of cloud-based supply chain solutions, visit and Resource Center. Media Contact:Greta Gustafson, Highwire PR/GHXghx@ View original content to download multimedia: SOURCE Global Healthcare Exchange (GHX) Sign in to access your portfolio
Yahoo
06-02-2025
- Business
- Yahoo
Ares Management Serves as Administrative and Collateral Agent for Over $1 Billion in New Financing to Support the Recapitalization of GHX
NEW YORK, February 06, 2025--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) ("Ares") announced today that an Ares Credit fund served as the administrative and collateral agent on a financing package to support the recapitalization of Global Healthcare Exchange, LLC ("GHX"). Founded in 2000, GHX is the leading provider of mission critical supply chain software automation solutions in the healthcare industry, facilitating accurate and timely connectivity between suppliers, providers, and distributors. GHX serves the majority of healthcare manufacturers, distributors and GPOs alongside hospitals representing a high percentage of total U.S. hospital beds. The strategic financing will enable GHX to strengthen its capital structure and have the flexibility to achieve its long-term strategic objectives. "Since first providing financing to GHX in 2014, we have seen the progression of GHX's compelling solutions offering, blue chip customer base and track-record of performance all while maintaining its focus on a healthy balance sheet," said Brian Kim, Partner in the Ares Credit Group. "We are pleased to continue building on our relationship with the GHX team through this latest investment, which we believe will help the company to further reinforce its differentiated position as they capitalize on long-term growth opportunities." "We appreciate Ares' continued confidence in GHX's vision," said Tina Vatanka Murphy, President and CEO of GHX. "This strategic financing strengthens our ability to invest in innovation and further support healthcare organizations in improving operational efficiency and patient outcomes. With this support, GHX is well positioned to continue executing on its growth strategy while delivering the solutions our customers rely on to navigate an evolving healthcare landscape." GHX is a portfolio company of Temasek, an investment company based in Singapore. Warburg Pincus is also a significant minority owner of GHX. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2024, Ares Management Corporation's global platform had over $484 billion of assets under management, with operations across North America, Europe, Asia Pacific and the Middle East. For more information, please visit About GHX Building on decades of collaboration among providers, manufacturers, distributors and other industry stakeholders, Global Healthcare Exchange, LLC (GHX) is leading the charge in helping organizations run the new business of healthcare. By automating key business processes and translating evidence-based analytics and data into meaningful action, GHX is helping the healthcare ecosystem to move faster, operate more intelligently and achieve greater outcomes. With the support of GHX, healthcare organizations have removed billions of dollars of wasteful healthcare spend. For more information on GHX's suite of cloud-based supply chain solutions, visit and The Healthcare Hub. View source version on Contacts Jacob Silber, +1-212-301-0376media@
