Premier Stock Price, News & Analysis

Premier, Inc. (NASDAQ: PINC) reported its fiscal-year 2024 Q4 and full-year results, showing growth in consolidated net revenue. Key highlights include:

- Q4 net revenue increased 3% to $350.3 million
- Full-year net revenue grew 1% to $1.35 billion
- Q4 net income rose 221% to $60.6 million
- Full-year net income decreased 39% to $106.7 million
- Q4 adjusted EBITDA declined 9% to $118.7 million
- Full-year adjusted EBITDA fell 8% to $445.8 million

The Board approved an additional $200 million share repurchase under the existing $1 billion authorization. Supply Chain Services saw 1% Q4 revenue growth, while Performance Services revenue increased 7%. The company remains focused on advancing its strategy and returning capital to stockholders.

Premier, Inc. (NASDAQ: PINC) has been chosen by AllSpire Health GPO, as its primary national GPO, supporting over $3.5 billion in annual GPO purchasing volume. The partnership will cover 54 acute care hospitals with more than 12,200 licensed acute beds. Premier will provide supply chain management services, performance improvement technology, and a procure-to-pay platform to AllSpire members.

The collaboration aims to drive operational efficiency, supply chain innovation, and value for AllSpire members. Premier will leverage its scale and data to evaluate products and services, supporting the development of a best-in-class contract portfolio. The anticipated GPO go-live date is January 2025, with the financial impact undisclosed.

Premier, Inc. (NASDAQ: PINC), a leading technology-driven healthcare improvement company, has announced a quarterly cash dividend of $0.21 per share of Class A common stock. The dividend will be payable on September 15, 2024, to stockholders of record as of the close of business on September 1, 2024. This announcement demonstrates Premier's commitment to returning value to shareholders and maintaining a consistent dividend policy.

Premier, Inc. (NASDAQ: PINC) has announced the release date for its fiscal 2024 fourth-quarter and full-year financial results. The company will disclose these results on Tuesday, August 20, 2024, at approximately 6:30 a.m. ET. Following this, Premier will host a conference call at 8:00 a.m. ET to discuss the financial outcomes.

Investors and interested parties can access the live webcast and replay in the Investors section of Premier's website under Events & Presentations. For those without internet access, the conference call can be joined via telephone using specific dial-in numbers for domestic and international participants.

PINC AI™, a technology brand of Premier, has released its 15 Top Health Systems™ Annual Report, published by Fortune. The report, now in its 16th year, highlights health systems that excel in clinical outcomes, operational efficiency, and patient experience. The analysis suggests that if all health systems reached the performance levels of the top 15, over 220,000 lives could be saved and 196,000 patients could avoid complications annually. Top performers showed 21% fewer inpatient deaths, 13.8% fewer complications, and 21% fewer healthcare-associated infections compared to peers. The report uses data from MEDPAR and CMS Care Compare and aims to inspire better health system performance nationwide.

Premier, Inc. (PINC) will be participating in the BofA Securities Healthcare Conference on May 14, 2024. The management team will engage in a fireside chat at 9:20 a.m. PDT. The event will be live-streamed with a replay available on the company's website.

Premier, Inc. (PINC) has partnered with AstraZeneca in Uncover CKD - Care Collective to improve diagnosis and care for chronic kidney disease (CKD). The initiative aims to address the high number of undiagnosed CKD patients in the U.S. through real-world data and AI-powered technologies. With over 37 million adults in the U.S. having CKD, the partnership seeks to lower healthcare costs and improve patient outcomes by leveraging Premier's PINC AI™ technology and services platform.

Premier, Inc. (NASDAQ: PINC) reported fiscal-year 2024 third-quarter results with total net revenue of $342.6 million, reflecting a 6% growth over the prior-year period. The company experienced a GAAP net loss of $49.2 million, and adjusted earnings per share remained flat at $0.55. Premier executed a $400 million accelerated share repurchase transaction during the quarter and reaffirmed its fiscal 2024 financial guidance.