A preview of the Civica to come…
Chronic drug shortages and high prices have been impacting hospitals and patients for nearly two decades
A number of leading U.S. hospital systems announced plans for an ambitious project: They will band together to create a non-profit drug company to provide essential generic drugs to hospitals.
THE PROBLEM: “Unfortunately, when a supplier is able to concentrate market power with [essential generic] drugs, they are able to wield an exorbitant amount of influence on the price.”
THE SOLUTION: “If we could capitalize a not-for-profit generic drug company, that would act as a societal asset… this company could go into these markets and successfully challenge for these markets, bringing competition back into what used to be vibrant competitive markets.”
Civica is launched!
A groundbreaking effort to make essential medications available and affortable
Civica was launched by 7 Health Systems…
Catholic Health Initiatives (now CommonSpirit Health), HCA Healthcare, Intermountain Healthcare, Mayo Clinic, Providence St. Joseph Health, SSM Health and Trinity Health
…and 3 Philanthropies:
The Gary and Mary West Foundation, Laura & John Arnold Foundation, and Peterson Center on Healthcare