Welcome to our dedicated page for Premier news (Ticker: PINC), a resource for investors and traders seeking the latest updates and insights on Premier stock.
This page provides a historical news archive for Premier, Inc. (formerly traded on Nasdaq under the symbol PINC), a technology-driven healthcare improvement company headquartered in Charlotte, North Carolina. In its own communications, Premier describes itself as uniting providers, suppliers, payers and, in some descriptions, policymakers to make healthcare better with national scale, smarter with actionable intelligence and faster with novel technologies. The news coverage here reflects how the company communicated its activities, strategy and corporate developments while it was publicly listed.
News items in this archive include earnings releases, where Premier reported results for its Supply Chain Services and Performance Services segments, along with discussions of non-GAAP measures such as adjusted EBITDA, adjusted net income, adjusted earnings per share and free cash flow. These releases often explain how segment net revenue, segment adjusted EBITDA and cash flows were affected by factors such as member purchasing, consulting activity and investments in supply chain co-management and digital supply chain solutions.
The archive also contains corporate announcements, such as the entry into and completion of an Agreement and Plan of Merger with Premium Parent, LLC, an affiliate of funds managed and advised by Patient Square Capital. Related press releases describe the agreed cash consideration per share, stockholder approval of the transaction and the subsequent completion of the acquisition, after which Premier became a wholly owned subsidiary of Premium Parent, LLC and its Class A common stock ceased trading on Nasdaq.
Other news items highlight Premier’s partnerships and operational initiatives, including a multi-year group purchasing agreement with an infusion pharmacy and participation in investor conferences. Together, these articles offer context on Premier’s role as a healthcare improvement and performance improvement company, its focus on supply chain and data-driven services, and the key milestones leading up to its transition from a public company to private ownership.
GRAIL announced a collaboration with Premier, Inc.'s PINC AI to enhance patient access to Galleri, a multi-cancer early detection blood test. This partnership aims to integrate AI-based alerts for clinicians to identify patients at elevated cancer risk. Community Health Network will pilot these alerts. The Galleri test can detect over 50 cancer types through a single blood draw, improving early detection and treatment outcomes. GRAIL emphasizes the importance of early cancer detection to increase survival rates, as many cancers are diagnosed late when treatment options are limited.
Premier, Inc. (NASDAQ: PINC) announced participation in the 40th Annual J.P. Morgan Healthcare Conference on January 11, 2022, with a formal presentation at 4:30 p.m. EDT. The company will release its fiscal 2022 second-quarter financial results on February 1, 2022, at approximately 6:30 a.m. EDT, followed by a conference call at 8:00 a.m. EDT. Investors can access the live webcast of both events via the company’s website. Premier, Inc. focuses on healthcare improvement, connecting over 4,400 U.S. hospitals and health systems to enhance care and reduce costs.
Premier, Inc. (NASDAQ: PINC) reported its fiscal 2022 first-quarter results ending September 30, 2021. Total net revenue rose by 5% to $365.1 million compared to $346.9 million last year. The Supply Chain Services segment grew by 9%, while Performance Services revenue fell by 5%. GAAP net income decreased 23% to $121.3 million, and diluted earnings per share dropped 18% to $0.97. Adjusted EBITDA increased by 10% to $121.7 million. The company generated $55.2 million in cash flow from operations and repurchased 1.1 million shares for $42.6 million. A quarterly dividend of $0.20 per share was declared.
Premier, a technology-driven healthcare improvement company, will host its 2021 Virtual Investor Day on November 17, 2021, from 9 a.m. to 11 a.m. ET. The event will include presentations from top executives, including CEO Michael J. Alkire and other key leaders. Attendees can access the live webcast via the company’s website, starting 10 minutes before the event. A replay will be available after the broadcast. Premier connects over 4,400 hospitals in the U.S., utilizing integrated data and analytics to improve healthcare delivery and outcomes at lower costs.
Premier (NASDAQ: PINC) has partnered with Pipeline Health to enhance operational efficiency across its seven hospitals. The collaboration, effective early 2022, will utilize Premier's supply chain services and technologies, including its PINC AI™ technology, to optimize performance and identify cost savings. Pipeline Health aims to improve patient care through this partnership, with expected benefits in supply chain innovation and contract risk reduction. Financial terms were undisclosed, and this agreement is not anticipated to materially impact Premier's fiscal year 2022 results.
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Premier, a technology-driven healthcare improvement company, announced a cash dividend of $0.20 per share for its Class A common stock. This dividend is payable on December 15, 2021, to shareholders who are on record by the close of business on December 1, 2021.
With over 4,400 U.S. hospitals and 225,000 healthcare providers in its alliance, Premier focuses on improving healthcare outcomes through data analytics, supply chain solutions, and consulting services.
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Premier, Inc. (NASDAQ: PINC) will announce its fiscal 2022 first-quarter financial results on November 2, 2021, at 6:30 a.m. EDT. A conference call to discuss these results is set for 8:00 a.m. EDT, with live webcasting available. Domestic participants can join the call at (877) 317-6789, while international participants can dial (412) 317-6789. Premier connects over 4,400 hospitals and health systems across the U.S., focusing on data and analytics to improve healthcare outcomes and reduce costs.
Premier Inc. (NASDAQ: PINC) will participate in the 2021 Cantor Virtual Global Healthcare Conference on September 30, 2021, at 8:00 a.m. ET. Members of the management team will engage in a fireside chat during the event. A live audio webcast and replay will be accessible on the company’s website.
Premier is a leading healthcare improvement company that collaborates with over 4,400 U.S. hospitals and health systems to enhance care quality and reduce costs through data analytics and supply chain solutions.