MAGNET GROUP
MAGNET GROUP is a privately held healthcare Group Purchasing Organization founded in 1979, serving approximately 9,000 hospitals, alternate care sites, physician practices, and clinics through 200+ vendor contracts with no membership fees or volume compliance requirements.
- Company typePrivate
- Founded1979
- HeadquartersMechanicsburg, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What MAGNET GROUP does
MAGNET GROUP is a specialty Group Purchasing Organization (GPO) serving approximately 9,000 healthcare providers across the United States, including hospitals, alternate care sites, physician practices, and clinics. Founded in 1979 as Mid-Atlantic Group Network of Shared Services and headquartered in Mechanicsburg, PA, the company operates as a privately held entity with 1-10 employees and 200+ active vendor contracts spanning medical equipment, facilities, human resources, technology, and purchased services categories. Unlike volume-tiered or compliance-bound GPOs, MAGNET GROUP imposes no membership fees, no volume compliance requirements, and no bundled-services obligations on participants.
The company's core offering is contract aggregation and administration: vendor partners pay partnership/administrative fees to access the MAGNET member channel, and members access pre-negotiated pricing and terms via the catalog and member portal. The technology stack is operational in nature (member/vendor login, online contract catalog, product browsing) rather than platform-centric, with no disclosed AI, data, or algorithmic differentiation. Distribution is augmented by a network of affiliated regional member organizations (JPC, CSC, HCSC, G10 NE, SOHCA, G95 Corporate) that extend the company's geographic reach into New England, Southwest Ohio, and additional markets.
Revenue mechanics combine contract administration/marketplace commissions on member purchases with vendor partnership fees/licensing royalties; the company does not publicly disclose revenue, contract-level economics, or member-level spend. Leadership includes Diane T. Mase (President) and Susan "Sunny" Gregg-Grundon (Chief Administrative Officer).
MAGNET GROUP firmographics
Firmographics- Name
- MAGNET GROUP
- Legal name
- MAGNET GROUP
- Website
- https://magnetgroup.com
- Company type
- Private
- Founded year
- 1979
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- MAGNET GROUP is a privately held healthcare Group Purchasing Organization founded in 1979, serving approximately 9,000 hospitals, alternate care sites, physician practices, and clinics through 200+ vendor contracts with no membership fees or volume compliance requirements.
- Ownership category
- akta.pro rank
MAGNET GROUP industry classification
Industry- Product category
- Healthcare Group Purchasing Organization (GPO)
- SIC
- Services-Membership Organizations (8600)
- akta.pro primary industry
- Hospital Shared Services, GPOs & System Support Organizations (HLAFAAAO)
Keywords
Where MAGNET GROUP is headquartered
LocationHeadquarters
- HQ city
- Mechanicsburg
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MAGNET GROUP business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- GPO Membership and Contract Administration: MAGNET GROUP generates revenue as a specialty GPO by negotiating discounted contracts on behalf of member facilities. Facility members access contracts without paying membership dues or fees, and without volume compliance or bundled services requirements.
- Vendor Partnership Fees: Vendors partner with MAGNET GROUP through partnership agreements to gain access to member facilities. The company coordinates marketing support and customized promotional plans for vendor agreements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Annual | Standard Facility Membership - No cost access to all GPO contracts |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
MAGNET GROUP product offering
Product offeringCore offering
MAGNET GROUP is a specialty Group Purchasing Organization (GPO) that aggregates purchasing power for healthcare facilities by negotiating 200+ vendor contracts covering capital and small medical equipment, facilities products, select medical supplies, HR services, technology, and purchased services. Facility members access contracts through secure web login without membership dues, fees, or volume compliance requirements, positioning the company as a secondary sourcing GPO rather than a primary procurement replacement.
Product overview
MAGNET GROUP is a specialty Group Purchasing Organization (GPO) that provides healthcare facilities access to a portfolio of over 200 negotiated vendor contracts. Rather than manufacturing products, MAGNET GROUP aggregates purchasing power for hospitals, alternate care facilities, physician practices, and clinics. The GPO's portfolio spans capital and small medical equipment, facilities products, select medical supplies, HR services, technology solutions, and purchased services across 30+ categories including Biomedical, Cardiology, Laboratory, Radiology, Surgery OR/ER/SPD, Medical Surgical, Pharmacy, Infection Control, Human Resources, and Supply Chain. Members access contracted pricing without membership fees, volume requirements, or bundled services obligations. The platform enables secondary sourcing as an alternative to primary GPOs.
Differentiator
Problem solved
Functional benefit
Products and services
- GPO Contract Portfolio Access to over 200 negotiated GPO contracts for capital and small medical equipment, facilities products, select medical products, HR services, technology, and purchased services without volume compliance or bundled services issues. For healthcare facility members including hospitals, alternate care facilities, physician practices, and clinics.
- Vendor Contract Management Managed portfolio of vendor agreements across 30+ healthcare categories including Biomedical, Cardiology, Laboratory, Radiology, Surgery, Pharmacy, ICU/Neonatal, Facilities, Supply Chain, and Human Resources. For healthcare facility members seeking organized access to specialty vendor contracts.
- Healthcare Staffing Contracts GPO contracts for healthcare staffing services including per-diem nursing, travel nursing, allied health professionals, and permanent placement through contracted agencies. For healthcare facilities seeking staffing procurement options.
- Medical Equipment Rental Contracts Contracts for rental of medical equipment including beds, patient lifts, and therapy surfaces for acute and long-term care facilities. For healthcare facilities needing temporary or rental medical equipment.
- Facilities Management Services Contracts Contracts for facility-related products and services including housekeeping, janitorial, maintenance, and environmental services. For healthcare facilities seeking facilities management vendor agreements.
- Supply Chain Solutions Contracts Contracts for supply chain management including vendor credentialing, distribution, and logistics services for healthcare facilities. For healthcare facilities seeking supply chain vendor partnerships.
- PPE and Infection Control Products Contracts Contracts for personal protective equipment, infection prevention products, and sanitization supplies for healthcare settings. For healthcare facilities needing PPE and infection control sourcing.
Companies that use MAGNET GROUP
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles2 records
MAGNET GROUP technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
MAGNET GROUP partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- Joint Purchasing Corporation (JPC)coreJPC is one of the member organizations through which healthcare facilities gain access to MAGNET GROUP GPO contracts. As a member of JPC, facilities are also members of MAGNET GROUP.
- Creative Source Concepts (CSC)coreCSC is a member organization providing healthcare facilities access to MAGNET GROUP GPO contracts. Facilities belonging to CSC automatically receive MAGNET GROUP membership.
- Hospital Central Services Cooperative (HCSC)coreHCSC member facilities have access to MAGNET GROUP GPO contracts as part of their cooperative membership benefits.
- G10 New England (G10 NE)coreG10 NE is a regional healthcare purchasing cooperative in New England whose members have access to MAGNET GROUP contracts.
- Southwest Ohio Healthcare Affiliate (SOHCA)coreSOHCA member facilities in Southwest Ohio region access MAGNET GROUP GPO contracts through their membership.
- G95 CorporatecoreG95 Corporate members receive access to MAGNET GROUP GPO contracts as part of their corporate purchasing organization membership.
- 200+ Healthcare Vendor PartnerscoreMAGNET GROUP maintains contracts with over 200 vendors including Wellell America Corp, Med-Mizer, InfoBionic, Dukal Corporation, Sherwin Williams, Cintas, Hillrom, and many others providing medical equipment, supplies, and services to member facilities.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
MAGNET GROUP competitors and assessment
Company assessmentBroad incumbents
- Vizient Inc. The largest US healthcare performance improvement and GPO company, serving the majority of academic medical centers and large hospital systems. Directly comparable as a healthcare-focused GPO serving hospitals with contract aggregation, though Vizient operates at vastly greater scale with broad service lines beyond MAGNET GROUP's specialty focus.
- Premier Inc. Major publicly traded healthcare GPO and supply chain partner serving hospitals and health systems across the US. Comparable as a competing healthcare GPO offering aggregated vendor contracts, though Premier's scale, data analytics, and integrated services far exceed MAGNET GROUP's specialty footprint.
- Provista (a Vizient company): GPO serving non-acute healthcare providers including ambulatory surgery centers, physician practices, and home health. Comparable as a healthcare GPO with a focus on alternate care and physician practices, mirroring MAGNET GROUP's customer segmentation beyond large hospitals.
- Concordance Healthcare Solutions: Medical supply distribution and GPO services company serving hospitals, surgery centers, and alternate care sites. Comparable as a healthcare-focused contract and supply chain provider with overlapping customer base in medical-surgical and facilities products.
- Amerinet (now Intalere, acquired by Vizient): Formerly independent healthcare GPO serving hospitals and non-acute providers, now operating as part of Vizient. Historically comparable to MAGNET GROUP as a community-focused GPO offering member access to aggregated vendor contracts.
Direct peers
- HealthTrust: Healthcare GPO focused on hospital and ambulatory care operators, owned by HCA but serving non-HCA members. Comparable as a healthcare-focused GPO offering negotiated contracts to provider facilities, with overlapping vendor relationships in medical equipment and supplies.
- Resource Optimization & Innovation (ROi): Healthcare supply chain management and GPO services company serving hospitals and integrated delivery networks. Comparable as a specialty GPO and supply chain services provider with focus on medical-surgical and capital equipment categories overlapping MAGNET GROUP's portfolio.
- Capital Inventory Group: Specialty healthcare GPO focused on capital equipment and medical-surgical products for hospitals and healthcare systems. Comparable as a niche GPO with a similar capital equipment focus, though operating on a smaller scale than MAGNET GROUP.
Regional players
- Yankee Alliance: New England-based regional healthcare GPO serving hospitals and senior care facilities. Comparable as a specialty GPO with a focused contract portfolio and member-centric model similar to MAGNET GROUP's niche positioning, though primarily regional in scope.
Emerging players
- Bonfire Interactive (Bonfire Procurement): Technology-enabled procurement platform serving public sector and healthcare organizations with e-sourcing and contract management tools. Comparable as a contract aggregation provider for healthcare buyers, though distinguished by a modern SaaS procurement workflow versus MAGNET GROUP's traditional GPO model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
MAGNET GROUP social profiles
Digital presenceMAGNET GROUP compliance and trust
Trust signalCompliance3 records
MAGNET GROUP financial estimates
Financial estimateRevenue estimate
Valuation estimate
MAGNET GROUP leadership team
Management profileNumber of profiles
Profiles2 records
MAGNET GROUP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MAGNET GROUP M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MAGNET GROUP
What does MAGNET GROUP do?
MAGNET GROUP is a specialty Group Purchasing Organization (GPO) that aggregates purchasing power for healthcare facilities by negotiating 200+ vendor contracts covering capital and small medical equipment, facilities products, select medical supplies, HR services, technology, and purchased services. Facility members access contracts through secure web login without membership dues, fees, or volume compliance requirements, positioning the company as a secondary sourcing GPO rather than a primary procurement replacement.
Is MAGNET GROUP a public or private company?
MAGNET GROUP is a private company. It is classified as unknown and is currently operating.
When was MAGNET GROUP founded?
MAGNET GROUP was founded in 1979. It employs 1 to 10 people.
Where is MAGNET GROUP based?
MAGNET GROUP is headquartered in Mechanicsburg, United States, in the North America region.
How does MAGNET GROUP make money?
Two revenue lines are on record. GPO Membership and Contract Administration is the primary driver. The others are vendor Partnership Fees.
Who are MAGNET GROUP's main competitors?
Broad incumbents on record are Vizient Inc., Premier Inc., Provista (a Vizient company), Concordance Healthcare Solutions and Amerinet (now Intalere, acquired by Vizient). Direct peers are HealthTrust, Resource Optimization & Innovation (ROi) and Capital Inventory Group. Yankee Alliance is listed as a regional player. Bonfire Interactive (Bonfire Procurement) is listed as an emerging player.
Does MAGNET GROUP have an API?
No public API is recorded for MAGNET GROUP.
What industry is MAGNET GROUP in?
MAGNET GROUP's product category is Healthcare Group Purchasing Organization (GPO). Its primary akta.pro industry code is HLAFAAAO, Hospital Shared Services, GPOs & System Support Organizations. Its SIC code is 8600.