M&A Deal Summary

Pandion Optimization Alliance Acquires New Source

On July 8, 2021, Pandion Optimization Alliance acquired healthcare services company New Source

Acquisition Highlights
  • This is Pandion Optimization Alliance’s 1st transaction in the Healthcare Services sector.
  • This is Pandion Optimization Alliance’s 1st transaction in the United States.
  • This is Pandion Optimization Alliance’s 1st transaction in Georgia.

M&A Deal Summary

Date 2021-07-08
Target New Source
Sector Healthcare Services
Buyer(s) Pandion Optimization Alliance
Deal Type Add-on Acquisition

Target

New Source

Atlanta, Georgia, United States
New Source helps healthcare providers deliver quality patient care. New Source has a 12,000+ membership base in the Southeast as well as around the country. New Source was founded in 2003 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Pandion Optimization Alliance

Rochester, New York, United States

Category Company
Founded 1946
Sector Business Services
DESCRIPTION

Pandion Optimization Alliance is a Group Purchasing Organization (GPO) and Supply Chain Consulting Company that provide access to best-in-class contracts at the local, regional, and national levels for virtually every product or service from medical supplies to food and beverages, office and cleaning supplies, capital equipment, and more. Pandion Optimization Alliance was founded in 1946 and is based in Rochester, New York.


DEAL STATS #
Overall 1 of 2
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2021 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 GroupSource

Overland Park, Kansas, United States

GroupSource purchasing organization (GPO) providing superior service across a broad spectrum of businesses and industries. The GroupSource solution has evolved to meet the needs of the ever-changing marketplace with dedicated service offerings for Medical, Long-Term Care, Private Clubs, Catering & Hospitality, Community Programs and Education & Daycare. GroupSource was formed in 1996 and is based in Overland Park, Kansas.

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