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Premier, Inc. issued public-company news centered on its technology-enabled healthcare performance improvement business, including group purchasing, supply chain management, sourcing, contract management, operations and business analytics for healthcare providers.
Recurring updates for PINC covered operating and financial results, capital-structure matters, governance changes, material agreements and shareholder voting matters. Company news also included group purchasing agreements for healthcare customers, leadership changes within Supply Chain Services, sustainability reporting and the completed merger that changed Premier from a public issuer into a wholly owned subsidiary.
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.
Premier, Inc. (NASDAQ: PINC) has announced the release of its fiscal 2025 first-quarter financial results on Tuesday, November 5, 2024, at approximately 6:30 a.m. ET. The company will follow this with a conference call at 8:00 a.m. ET to discuss the results. 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 call can be joined via telephone using the following numbers:
- Domestic (toll-free): (833) 953-2438
- International: (412) 317-5767
The webcast should be accessed 10 minutes before the call starts, and the replay will be available for one year after the live broadcast concludes.
Premier, Inc. (NASDAQ: PINC) has entered into a partnership with Prestige Ameritech, , exchanging its holdings in S2S Global for a 20% minority interest in Prestige. This increases Premier's total ownership in Prestige to approximately 24.2%. Prestige, a major domestic manufacturer of PPE, is certified as a Native American Owned Business. The combination with S2S has the potential to create one of the largest diverse medical sourcing companies in the U.S.
This move aligns with Premier's strategy to focus on core technology-enablement and smarter supply chain solutions while supporting supply chain resiliency for U.S. healthcare providers. The partnership aims to expand into product categories needing additional competition and U.S. supply to prevent shortages and enhance supply chain resilience.
Premier, Inc. (NASDAQ: PINC) has announced a significant leadership change. Glenn Coleman, CPA, will be appointed as the new Chief Administrative and Financial Officer, effective November 11, 2024. Coleman, currently the EVP and CFO at Dentsply Sirona, brings over 30 years of financial and industry expertise. He will succeed Craig McKasson, who is set to retire on December 31, 2024, but will continue as a strategic advisor through 2026.
Coleman's extensive experience includes leadership roles at Integra LifeSciences, Curtiss-Wright , and Alcatel-Lucent. Premier's CEO, Michael J. Alkire, expressed confidence in Coleman's ability to lead the organization forward. McKasson, who joined Premier in 1997, was praised for his contributions in transforming the company from a hospital buying group into a key player in the U.S. healthcare system.
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.