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The fund-holding body—e.g., primary care trust (PCT) or a GP commissioning group—in the UK which buys health or social care services from a provider—e.g., an acute (NHS) hospital trust—on behalf of a local population or individuals with specific needs.


n a program sponsor, often an employer or union, that contracts with the dental benefits organization to provide dental benefits to an enrolled population.
References in periodicals archive ?
The employee retained legal title to the residence until it was sold to a third party; at that point, the name of the third-party purchaser was entered on the deed as grantee.
Investors are not directly involved in the process; terms of the offering are negotiated between the company and the initial purchasers.
Most sponsor purchase agreements provide that the purchaser must close within 30 days after delivery of a written notice of the closing.
Any gain on the sale of shares that are excluded property to a "specified purchaser" will be suspended until such time as the shares are disposed of by the specified purchaser or the purchaser ceases to meet the definition of specified purchaser.
Many purchasers have learned about the importance of regulatory approvals the hard way, after failing to follow procedures that are required by law.
Potential purchasers seek break-up fees to protect them from the time and cost involved in conducting due diligence and drafting the agreement.
A second potential purchaser is an independent 501(c)(3) organization that has been approved by the IRS to purchase ALFs or has applied to be so approved.
Firearm serial numbers enable law enforcement officers to trace firearms to purchasers.
Casting purchasers are the sort likely regarded with lukewarm feelings by foundrymen, who feel the price pressure even as they read about their customer's profits in the newspaper business sections.
March 11 /PRNewswire/ -- GENICOM Corporation (NASDAQ: GECM) today reported that the Company was unable to come to terms with the prospective purchaser of the Company's Relay business unit.
As stated in the policy statement, the collective provision of fee-related information to purchasers "can raise antitrust concerns to the extent it signals or facilitates physicians' collective price demands.
The purchasers collect the proceeds of the life insurance, they pay the estate of the deceased and, in a very short period of time, everyone is satisfied.

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