Premier - PINC STOCK NEWS

Premier Inc (NASDAQ: PINC) announced that its AI-powered application, Stanson Health CodingCare, is Under Construction in Epic's Toolbox. The app, set to launch in late 2025, will be previewed during Epic's XGM (April 28 – May 2, 2025).

The application leverages generative AI to optimize value-based care performance through automated workflows, specifically focusing on identifying Hierarchical Condition Categories (HCC) required by CMS for accurate risk adjustment and reimbursement in Medicare Advantage programs.

Key features include real-time data analysis of clinical charts, suggesting accurate HCC coding opportunities, surfacing undocumented conditions, and streamlining workflows. According to a cited 2020 JAMA study, 39% of HCCs were not fully documented, leading to undercoding and revenue loss for providers.

Premier Inc (NASDAQ: PINC) has scheduled its fiscal 2025 third-quarter financial results announcement for Tuesday, May 6, 2025, at approximately 6:30 a.m. ET. The company will host a conference call at 8:00 a.m. ET on the same day to discuss the results.

Interested parties can access the live webcast and replay through the Investors section of Premier's website under Events & Presentations. Conference call participants without internet access can join via telephone using the toll-free domestic number (833) 953-2438 or international number (412) 317-5767.

Premier (NASDAQ: PINC) has announced its prestigious 100 Top Hospitals® list, published in Fortune®. The analysis revealed significant performance advantages of top hospitals compared to peers, including:

• 39% fewer inpatient deaths
• 26.5% fewer patient complications
• 32% fewer healthcare-associated infections
• 18% lower inpatient expenses
• 0.4-day shorter average stay
• Higher patient satisfaction (73% vs 68% HCAHPS score)

The study evaluated 2,599 acute care, non-federal U.S. hospitals across nine measures within five domains. If all hospitals matched top performers' standards, over 331,000 lives could have been saved, 611,000 additional patients could have been complication-free, and $15.1 billion in inpatient costs could have been saved. Additionally, 17 facilities received the Everest Award for achieving both the fastest improvement rate and highest current year performance.

Premier Inc (NASDAQ: PINC), a leading technology-driven healthcare improvement company, has announced its upcoming participation in the Leerink Global Healthcare Conference. The company's management team will engage in a fireside chat scheduled for March 11, 2025, at 8:40 a.m. EDT.

Investors and interested parties can access both the live audio webcast and a replay of the event through Premier's investor relations website at investors.premierinc.com, specifically under the Events and Presentations section.

Premier Inc. (NASDAQ: PINC) has announced a new $200 million accelerated share repurchase (ASR) program with JPMorgan Chase Bank. Under the program, Premier will receive approximately 9 million shares initially, worth $160 million based on the February 14, 2025 closing price. The final settlement is expected by Q1 of fiscal 2026.

This ASR is part of a larger $1.0 billion share repurchase authorization approved in February 2024. The company has already repurchased $600 million through a $400 million ASR completed in July 2024 and $200 million in open market repurchases completed in January 2025. The program will be funded through the company's existing credit facility.

Premier Inc. (NASDAQ: PINC) has announced its annual list of the 50 Top Cardiovascular Hospitals in the United States, published in Fortune. The analysis reveals significant performance advantages among top hospitals, including 25% fewer AMI deaths and 66% fewer CABG deaths compared to peers.

The top performers demonstrated superior outcomes while operating more efficiently, with costs up to $7,000 less per patient case. Key achievements include 30% fewer PCI complications, 19% fewer CABG complications, higher 30-day survival rates, and lower readmission rates. If all hospitals matched these performance levels, there could be 14,000 fewer deaths due to heart disease and potential savings of $1.5 billion in inpatient costs for the 2025 study year.

The study uses a balanced scorecard approach based on public data, evaluating hospitals across four domains: AMI Performance, Heart Failure Performance, CABG Performance, and PCI Performance. Hospitals are ranked within three peer groups: teaching hospitals with cardiovascular residency programs, teaching hospitals without such programs, and community hospitals.

Premier Inc. (NASDAQ: PINC) reported fiscal-year 2025 second-quarter results with total net revenue of $240.3 million, representing a 14% decrease from the previous year. The company recorded a GAAP net loss from continuing operations of $45.8 million, or $(0.60) per share, including a $126.8 million goodwill impairment charge related to its data and technology business.

The Supply Chain Services segment saw net administrative fees decline 13% to $131.4 million, while Performance Services revenue decreased 19% to $91.5 million. Despite challenges, the company generated $193.7 million in operating cash flow and $73.9 million in free cash flow for the first six months of fiscal 2025.

Premier reaffirmed its guidance midpoints for total net revenue excluding Contigo Health and adjusted EBITDA, while increasing the adjusted earnings per share guidance midpoint by $0.08, supported by a $200 million share repurchase completed in January.

Premier (NASDAQ: PINC) has announced a quarterly cash dividend declaration by its Board of Directors. The company will pay $0.21 per share of Class A common stock to shareholders. The dividend is scheduled for payment on March 15, 2025, with a record date of March 1, 2025. Premier, which operates as a technology-driven healthcare improvement company, made this announcement as part of its regular dividend distribution program.

Premier (NASDAQ: PINC) has announced it will release its fiscal 2025 second-quarter financial results on Tuesday, February 4, 2025, at approximately 6:30 a.m. ET. The company will host a conference call at 8:00 a.m. ET on the same day to discuss the results.

A live webcast and replay will be accessible through the Investors section of Premier's website under Events & Presentations. Participants are advised to access the webcast 10 minutes before the call starts. The replay will remain available for one year after the broadcast. For those without internet access, the call can be joined via telephone using the following numbers: Domestic (toll-free): (833) 953-2438, International: (412) 317-5767.