Wednesday, July 6, 2022

Healthcare Joint Manufacturing Venture To Bring Jobs To The Area

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PRINCO LLC, a joint venture comprised of Premier, Inc., a leading technology-driven healthcare improvement company (through its affiliate SVS LLC), Vario Labs LLC of Virginia Beach, and Caretrust LLC, will establish a healthcare products manufacturing facility in the City of Norfolk.

The venture will create approximately 284 jobs and initially invest $18.1 million, with potential additional investment of $5.7 million. PRINCO LLC will manufacture incontinence pads, bringing production from overseas to the United States to support more than 4,400 hospitals in Premier’s customer portfolio, as well as other healthcare providers nationwide.

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