Premier - PINC STOCK NEWS

Premier Inc. (NASDAQ: PINC) announced its participation in the 39th Annual J.P. Morgan Virtual Healthcare Conference scheduled for January 12, 2021, at 2:00 p.m. ET. The management team will engage in a presentation and fireside chat during this event. Interested parties can access live audio webcasts and replays on the company’s website.

Premier is a healthcare improvement company that collaborates with over 4,100 hospitals and 200,000 providers to enhance care quality and reduce costs through innovative solutions.

Health Resource Services (HRS) has partnered with Premier Inc. (NASDAQ: PINC) to enhance national contracting support. This partnership allows HRS access to a wider range of product contracts and savings opportunities, including nearly 600 negotiated contracts across various trade classes. HRS President Ken Freeman emphasized the importance of this alliance for improving member services and achieving performance goals. Premier's extensive field support team will aid in contract launches, aiming for double-digit savings for HRS members. Financial terms of the agreement were not disclosed.

Premier Inc. (NASDAQ: PINC), a leader in healthcare improvement, will participate in a fireside chat at the Guggenheim Digital Health Virtual Summit on Dec. 8, 2020, at 4:00 p.m. ET. The event will not be broadcast live, but a replay will be available on the company’s website shortly after the event concludes. Premier collaborates with over 4,100 hospitals and 200,000 providers, focusing on data-driven healthcare solutions and improved patient outcomes.

Premier announced a joint venture with 34 health systems and DeRoyal Industries to produce isolation gowns domestically. The initiative aims to reduce reliance on overseas suppliers, especially highlighted by COVID-19 shortages. The new facility near Knoxville, TN will use U.S.-sourced materials and is designed for automated, scalable production. Co-investors have committed to long-term purchases, supporting sustainable supply chain resilience. However, revenues from this venture are not expected to impact Premier's fiscal 2021 results materially.

Premier, Inc. (NASDAQ: PINC), a healthcare improvement company, will participate in a fireside chat at the 29th Annual Credit Suisse Virtual Healthcare Conference on November 10, 2020, at 11:00 a.m. ET. The event will feature members of its management team discussing the company's role in transforming healthcare.

Live audio webcasts and replays of the presentation will be accessible on Premier's website. The company unites over 4,100 hospitals and 200,000 providers to enhance healthcare delivery across the U.S.

Premier, Inc. (NASDAQ: PINC) reported a 15% increase in GAAP net revenue for fiscal Q1 2021, totaling $346.9 million, up from $302.4 million the previous year. GAAP net income surged to $180.7 million compared to $70.9 million in Q1 2020. The Supply Chain Services segment saw a 14% revenue increase to $253.7 million, driven by high demand for critical supplies amid the COVID-19 pandemic. However, adjusted EBITDA fell 21% to $110.7 million due to amended GPO agreements and pandemic impacts. Premier is not providing fiscal 2021 guidance due to ongoing uncertainty.

Premier, Inc. (NASDAQ: PINC) announced a cash dividend of $0.19 per share for its Class A common stock. This dividend is set to be paid on December 15, 2020, to shareholders on record by the close of business on December 1, 2020. As a healthcare improvement company, Premier collaborates with over 4,100 hospitals and 200,000 providers to enhance patient care and reduce costs through innovative solutions and analytics.