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.
Premier Inc (NASDAQ: PINC), a leading technology-driven healthcare improvement company, has announced its upcoming participation in the Leerink Global Healthcare Conference. The company's management team will engage in a fireside chat scheduled for March 11, 2025, at 8:40 a.m. EDT.
Investors and interested parties can access both the live audio webcast and a replay of the event through Premier's investor relations website at investors.premierinc.com, specifically under the Events and Presentations section.
Premier Inc. (NASDAQ: PINC) has announced a new $200 million accelerated share repurchase (ASR) program with JPMorgan Chase Bank. Under the program, Premier will receive approximately 9 million shares initially, worth $160 million based on the February 14, 2025 closing price. The final settlement is expected by Q1 of fiscal 2026.
This ASR is part of a larger $1.0 billion share repurchase authorization approved in February 2024. The company has already repurchased $600 million through a $400 million ASR completed in July 2024 and $200 million in open market repurchases completed in January 2025. The program will be funded through the company's existing credit facility.
Premier Inc. (NASDAQ: PINC) has announced its annual list of the 50 Top Cardiovascular Hospitals in the United States, published in Fortune. The analysis reveals significant performance advantages among top hospitals, including 25% fewer AMI deaths and 66% fewer CABG deaths compared to peers.
The top performers demonstrated superior outcomes while operating more efficiently, with costs up to $7,000 less per patient case. Key achievements include 30% fewer PCI complications, 19% fewer CABG complications, higher 30-day survival rates, and lower readmission rates. If all hospitals matched these performance levels, there could be 14,000 fewer deaths due to heart disease and potential savings of $1.5 billion in inpatient costs for the 2025 study year.
The study uses a balanced scorecard approach based on public data, evaluating hospitals across four domains: AMI Performance, Heart Failure Performance, CABG Performance, and PCI Performance. Hospitals are ranked within three peer groups: teaching hospitals with cardiovascular residency programs, teaching hospitals without such programs, and community hospitals.
Premier Inc. (NASDAQ: PINC) reported fiscal-year 2025 second-quarter results with total net revenue of $240.3 million, representing a 14% decrease from the previous year. The company recorded a GAAP net loss from continuing operations of $45.8 million, or $(0.60) per share, including a $126.8 million goodwill impairment charge related to its data and technology business.
The Supply Chain Services segment saw net administrative fees decline 13% to $131.4 million, while Performance Services revenue decreased 19% to $91.5 million. Despite challenges, the company generated $193.7 million in operating cash flow and $73.9 million in free cash flow for the first six months of fiscal 2025.
Premier reaffirmed its guidance midpoints for total net revenue excluding Contigo Health and adjusted EBITDA, while increasing the adjusted earnings per share guidance midpoint by $0.08, supported by a $200 million share repurchase completed in January.
Premier (NASDAQ: PINC) has announced a quarterly cash dividend declaration by its Board of Directors. The company will pay $0.21 per share of Class A common stock to shareholders. The dividend is scheduled for payment on March 15, 2025, with a record date of March 1, 2025. Premier, which operates as a technology-driven healthcare improvement company, made this announcement as part of its regular dividend distribution program.
Premier (NASDAQ: PINC) has announced it will release its fiscal 2025 second-quarter financial results on Tuesday, February 4, 2025, at approximately 6:30 a.m. ET. The company will host a conference call at 8:00 a.m. ET on the same day to discuss the results.
A live webcast and replay will be accessible through the Investors section of Premier's website under Events & Presentations. Participants are advised to access the webcast 10 minutes before the call starts. The replay will remain available for one year after the broadcast. For those without internet access, the call can be joined via telephone using the following numbers: Domestic (toll-free): (833) 953-2438, International: (412) 317-5767.
Premier, Inc. (NASDAQ: PINC), a technology-driven healthcare improvement company, has announced its participation in the J.P. Morgan Healthcare Conference scheduled for January 14, 2025. The company's management team will deliver a formal presentation starting at 10:30 a.m. PST (1:30 p.m. EST), followed by a Q&A session with the host analyst.
Interested parties can access the live audio webcast and replay through the Investors section of Premier's website under Events and Presentations at investors.premierinc.com.
Premier Inc (NASDAQ: PINC) has appointed David Zito as President of Performance Services, effective December 6, 2024. Zito, former Chief Growth Officer at Guidehouse, will oversee Premier's technology businesses and consulting practice. Simultaneously, COO Leigh Anderson will resign effective December 31, 2024, continuing as consultant through March 2025. The company is restructuring leadership with Bruce Radcliff leading Supply Chain Services and Andy Brailo heading commercial and sales division, reporting to CEO Michael Alkire. The COO position will not be filled as Premier implements a team-based leadership approach.
Premier Inc (NASDAQ: PINC) reported fiscal-year 2025 first-quarter results, with net revenue declining 8% to $248.1 million. The company's Supply Chain Services revenue decreased 7% to $151.4 million, while Performance Services revenue fell 9% to $96.8 million. Despite revenue declines, net income from continuing operations increased 75% to $72.9 million, with diluted EPS rising 95% to $0.72. Adjusted EBITDA decreased 33% to $62.4 million, and adjusted EPS fell 28% to $0.34. The company announced the divestiture of its S2S Global direct sourcing business and reaffirmed its fiscal 2025 financial guidance.
Premier Inc (NASDAQ: PINC) announced that its Board of Directors has declared a quarterly cash dividend of $0.21 per share of Class A common stock. The dividend will be paid on December 15, 2024, to stockholders of record as of December 1, 2024. Premier operates as a technology-driven healthcare improvement company.
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