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Premier, Inc. issued public-company news centered on its technology-enabled healthcare performance improvement business, including group purchasing, supply chain management, sourcing, contract management, operations and business analytics for healthcare providers.
Recurring updates for PINC covered operating and financial results, capital-structure matters, governance changes, material agreements and shareholder voting matters. Company news also included group purchasing agreements for healthcare customers, leadership changes within Supply Chain Services, sustainability reporting and the completed merger that changed Premier from a public issuer into a wholly owned subsidiary.
Premier, Inc. (NASDAQ: PINC) has declared a quarterly cash dividend of $0.20 per share for its Class A common stock. This dividend will be payable on June 15, 2022, to stockholders who are on record as of the close of business on June 1, 2022. Premier is dedicated to enhancing healthcare by collaborating with over 4,400 U.S. hospitals and health systems, focusing on innovation and cost reduction in patient care.
Premier, Inc. (NASDAQ: PINC) will release its fiscal 2022 third quarter financial results on May 3, 2022, at approximately 6:30 a.m. ET. A conference call will follow at 8:00 a.m. ET to discuss these results. Interested parties can access the live webcast in the Investor Relations section of Premier's website, along with a replay available for one year. The company is a leading healthcare improvement entity, collaborating with over 4,400 U.S. hospitals and health systems to enhance care at lower costs.
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Premier, a technology-driven healthcare improvement company, announced management participation in three upcoming investor conferences. The events include:
- Raymond James 43rd Annual Institutional Investors Conference on March 7, 2022, at 1:40 p.m. ET.
- Barclays Global Healthcare Conference on March 15, 2022, at 10:15 a.m. ET.
- KeyBanc Capital Markets Virtual Life Sciences & MedTech Investor Forum on March 22, 2022, at 11:15 a.m. ET.
Live webcasts and replays will be available on Premier's investor website.
Qventus has secured a growth investment from Thomas H. Lee Partners and a strategic partnership with Premier, Inc., aiming to enhance its AI-powered care operations software. This partnership will assist Qventus in expanding its technology to more hospitals in the U.S., alleviating operational challenges in healthcare. Their software has demonstrated efficiency by reducing operational waste, resulting in 30-50% fewer excess days and a significant return on investment. This collaboration is expected to further improve patient care and operational efficiency in healthcare settings.
Premier Inc. (NASDAQ: PINC), a technology-driven healthcare improvement company, will participate in a virtual fireside chat at the 2022 SVB Leerink Global Healthcare Conference on February 16, 2022, at 3:00 p.m. ET. The event will include management discussions and a link to the live audio webcast will be available on the company's website. Premier Inc. collaborates with over 4,400 U.S. hospitals and health systems to enhance healthcare delivery and outcomes through data integration and supply chain solutions.
Premier Inc. (NASDAQ: PINC) has been recognized as the 2022 Best in KLAS for Value-Based Care Consulting, marking its third consecutive year at the top. This accolade is based on feedback from healthcare providers and was announced in the 2022 Best In KLAS: Software & Services Report. Premier, which previously won this designation in 2016 and 2017, has facilitated significant improvements in patient care through its innovative consulting services. The award highlights Premier's commitment to enhancing healthcare outcomes through data-driven insights and collaboration.
Premier, Inc. (NASDAQ: PINC) reported its fiscal Q2 2022 results, showing a 10% decline in net revenue to $379.2 million compared to $422.8 million last year. The Supply Chain Services segment fell 18% to $271.5 million, while Performance Services saw a 15% increase to $107.7 million. Despite revenue drops, net income soared 72% to $77.2 million, with diluted EPS also up 72% to $0.62. Cash flow from operations reached $197.5 million, and the company repurchased 4.5 million shares for $176 million.
Premier, Inc. (NASDAQ: PINC) has announced a cash dividend of $0.20 per share of Class A common stock. This dividend is payable on March 15, 2022, to stockholders of record as of March 1, 2022. The company aims to enhance shareholder value through regular dividends. Premier is a healthcare improvement organization, connecting over 4,400 hospitals and around 225,000 healthcare providers, focusing on innovation and better healthcare outcomes.
Premier, Inc. (NASDAQ: PINC) has launched INsights, a self-service healthcare analytics platform that simplifies data preparation and improves clinical insights. This vendor-agnostic solution leverages PINC AI’s standardized data from over 45% of U.S. hospital discharges. Hosted on Microsoft Azure Synapse Analytics, INsights offers customizable analytics and a collaborative community for users. It aims to enhance operational efficiency without impacting the company's fiscal 2022 financial guidance. The platform is designed to be accessible for various healthcare organizations, from large systems to smaller practices.