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) 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.
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