A joint venture between DeRoyal Industries and Premier, Inc. to invest $10.3 million in Powell, create nearly 30 new jobs
Nashville – DePre, LLC officials announced today that a joint venture comprised of DeRoyal Industries, Inc., Premier, Inc. (NASDAQ: PINC), a leading technology-driven health care improvement company, and 34 Premier member health systems will establish a health care products manufacturing facility in Powell, Tennessee.
DePre will invest $10.3 million and create 26 new jobs at the company’s headquarters and manufacturing plant on West Beaver Creek Road.
“We are delighted to bring more jobs to the East Tennesssee region where work ethic and quality production is embodied with the team at DePre. For 50 years, DeRoyal Industries has manufactured medical devices that improve the clinical quality and economic health of our customers. The partnership between DeRoyal Industries, Premier Inc. and 34 Premier member health systems support the need for essential medical products allowing for continuous supply to customers when needed,” said DeRoyal President and CEO Brian DeBusk
DePre will manufacture medical isolation gowns, bringing the production of this product from overseas to the U.S. to support more than 4,350 hospitals in Premier’s customer portfolio, as well as other health care providers nationwide. To support the venture long term, health system co-investors signed multi-year commitments to purchase a portion of the isolation gowns used each year from DePre. Upon completion, DePre’s facility will also utilize state-of-the-art automation to produce two gowns per second.
Founded in 1973 and headquartered in Powell, Tennessee, DeRoyal Industries is a global medical manufacturer that serves its worldwide customer base with product and business solutions that include patient care products, orthopedic supports and bracing, surgical and safety devices, wound care and Continuum integrated inventory management technologies.
“Companies choose to call Tennessee home thanks to our strong business climate and highly skilled workforce. I thank DePre for its commitment to creating new opportunities for families across Knox County and am proud that East Tennessee will continue to be a hub for health care,” said Tennessee Governor Bill Lee.
Premier unites an alliance of more than 4,350 U.S. hospitals and health systems and approximately 300,000 other providers to transform health care. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care outcomes at a lower cost. Premier plays a critical role in the rapidly evolving health care industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, North Carolina, Premier is passionate about transforming American health care.
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