CHARLOTTE, N.C. — Premier, Inc. (NASDAQ: PINC), a leading healthcare improvement company, has named David Vorhoff senior vice president of corporate development and strategy.
Vorhoff, a 30-year investment banking veteran, is responsible for managing Premier’s strategic plan; establishing new business relationships to support corporate and enterprise unit objectives; overseeing merger and acquisition activities; and driving growth through product, service and business analysis. Vorhoff replaces Terry Linn, who recently retired.
“Dave’s extensive experience in corporate growth and development makes him a welcome addition to Premier,” said Susan DeVore, president and CEO, Premier. “We are thrilled to have him on board to drive strategic business practices that support long-term success for both Premier and our members.”
Prior to joining Premier, Vorhoff served as managing director of Deloitte Corporate Finance’s life sciences and healthcare group, which provides investment banking services. Vorhoff’s career has included functioning as president, managing director and co-founder at McColl Partners, LLC, an independent investment bank acquired by Deloitte. In addition, he previously worked in New York as managing director of Banc of America Securities in the global healthcare investment banking group, which later merged to become Bank of America Merrill Lynch.
“I am very excited to have the opportunity to work with Premier’s employees, members and partners to further develop and innovate its corporate strategy, as well as healthcare improvement overall,” said Vorhoff.
Vorhoff earned his bachelor’s and master’s degrees in business administration from the University of North Carolina at Chapel Hill. In addition, he has served on the board of directors of Sonic Automotive, Star Scientific and several private companies.