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Health commission recommends Board of Supervisors accept Vizient shares resulting from UHC merger
Summary
The commission unanimously voted to recommend that the Board of Supervisors accept shares distributed to the citys public hospitals under the University Health Consortiums merger into Vizient; staff said the shares are closely held, not currently tradable, and would be held in trust by the treasurer.
Greg Wagner, chief financial officer, explained a resolution asking the commission to recommend the Board of Supervisors accept shares distributed to former University Health Consortium members after UHCs merger into Vizient. Wagner said the city uses a group purchasing organization for medical supplies and that the merger changed the…
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