Premier Stock Price, News & Analysis

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.

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.

Premier Inc (NASDAQ: PINC) collaborates with 11 health systems to invest in Exela Holdings, securing a reliable supply of 19 critical pharmaceutical products.

This initiative aims to alleviate persistent drug shortages exacerbated by COVID-19, ensuring U.S.-made medications through Exela's North Carolina facilities. Although financial terms remain undisclosed, this partnership seeks to stabilize the healthcare supply chain, improving access to necessary injectables and supporting U.S. manufacturing.

Premier, Inc. (NASDAQ: PINC) has reduced its Board of Directors from 15 to 11 members, effective August 31, 2021, to improve governance. This change results in 90% of the Board being independent and 40% female or racially diverse, with plans to add another diverse member. Chairman Terry Shaw stated this move reflects stockholder feedback and aims to enhance value creation while ensuring a balanced mix of perspectives. The voluntary resignations of five directors were not due to disagreement with management. The Board determined that recent structural changes improved director independence.

Premier, Inc. (NASDAQ: PINC) reported a 40% increase in GAAP net revenue for Q4 FY2021, totaling $481.5 million, driven by a 51% surge in Supply Chain Services revenue. However, GAAP net income fell to $50.7 million from $55.4 million year-over-year. Adjusted EBITDA declined by 3% to $116.5 million, while adjusted net income increased 4% to $74.0 million. The company also initiated a $250 million stock repurchase program and raised its dividend to $0.20 per share. For FY2022, the outlook includes a focus on innovative solutions aimed at enhancing healthcare quality and reducing costs.

ChristianaCare has chosen Premier's (NASDAQ: PINC) supply chain solutions to enhance operational efficiency, improve quality, and boost revenue. This partnership will allow ChristianaCare to access Premier's technology suite, analytics, and expert support, driving cost reduction and growth. Andy Brailo from Premier expressed excitement about the collaboration, highlighting the benefits of transparency and efficiency. ChristianaCare aims to leverage Premier's resources for better supply chain management while remaining committed to effective and affordable care.

UnityPoint Health has partnered with Premier (NASDAQ: PINC) to enhance its supply chain management and improve healthcare delivery. This partnership will utilize Premier's PINC AI™ technology for better analytics and insights, particularly in reducing pharmaceutical costs and improving outcomes. The collaboration is built on a previous relationship, dating back to 2015, and aims at operational efficiency and cost savings. The financial implications for Premier in fiscal year 2022 are expected to be minimal.