Premier Stock Price, News & Analysis

Premier, Inc. (NASDAQ: PINC) has reported financial results for Q2 FY 2023, announcing a cost-savings plan while revising its fiscal-year guidance. The company experienced a 5% decline in net revenue year-over-year, totaling $359.6 million. Notably, the Supply Chain Services segment faced a 13% drop in total revenue, primarily due to a 40% decline in product sales. Despite the challenging environment, Premier's Performance Services grew by 15%. The planned workforce reduction of nearly 4% aims to save $18 million to $20 million in FY 2023. Adjusted earnings per share decreased by 1% to $0.72. Premier remains focused on long-term growth despite current challenges.

Ritedose, a South Carolina-based 503B outsourcing facility, has secured a group purchasing agreement with Premier Inc. (PINC), effective January 1, 2023. This agreement allows Premier members access to pre-negotiated pricing and terms for Ritedose's full range of compounded medications. Ritedose provides ready-to-use, single-dose syringe products to various healthcare organizations. Their CEO Jody Chastain highlighted their capability to meet outsourcing needs without disruptions in patient care. Premier, which collaborates with over 4,400 U.S. hospitals, aims to enhance healthcare outcomes and lower costs through integrated services.

Premier, Inc. (NASDAQ: PINC) announced a cash dividend of $0.21 per share on its Class A common stock. The dividend will be paid on March 15, 2023, to stockholders of record as of the close of business on March 1, 2023. This reflects the company's commitment to returning value to its shareholders while supporting its role as a leader in healthcare improvement.

Premier, Inc. (NASDAQ: PINC) will release its fiscal 2023 second-quarter financial results on February 7 at 6:30 a.m. EST. A conference call to discuss these results will follow at 8:00 a.m. EST. Interested participants can access the call via a toll-free domestic number: (833) 953-2438, or internationally at (412) 317-5767. The event will be available for replay for one year on the company’s Investor Relations website. Premier collaborates with over 4,400 U.S. hospitals and aims to improve healthcare outcomes.

Premier Inc. (NASDAQ: PINC), a technology-driven healthcare improvement company, will participate in the 41st Annual J.P. Morgan Healthcare Conference on January 10, 2023. The presentation is scheduled for 11:15 a.m. PST (2:15 p.m. EST) and will be followed by a Q&A session. A live audio webcast and a replay will be available on their website. Premier connects over 4,400 U.S. hospitals and 250,000 providers to enhance healthcare delivery through data, analytics, and consulting services.

Quest Diagnostics (DGX) has secured a group purchasing agreement with Premier Inc. (PINC) for its laboratory stewardship solutions. This collaboration enables Premier members to access Quest's Lab Stewardship Enterprise at special pricing, facilitating improved healthcare delivery. The platform offers data analytics for healthcare organizations, tracking trends and identifying cost-saving opportunities. Quest aims to enhance care quality and operational efficiency as health systems face post-pandemic challenges. This agreement marks a significant enhancement in accessibility for Quest's innovative healthcare solutions.

Premier, a technology-driven healthcare improvement company listed on NASDAQ under the symbol PINC, will participate in a fireside chat at the Piper Sandler 34th Annual Healthcare Conference on November 30, 2022, at 8:30 a.m. ET. Interested parties can access the live audio webcast and replay on the company’s website. Premier collaborates with an alliance of over 4,400 hospitals and 250,000 healthcare providers, aiming to enhance care quality while reducing costs through data analytics, supply chain solutions, and consulting services.

Premier Inc. (NASDAQ: PINC), a technology-driven healthcare improvement company, is set to participate in a fireside chat at the Credit Suisse 31st Annual Healthcare Conference on November 8, 2022, at 2:35 p.m. PT (5:35 p.m. ET). A live audio webcast and a replay will be accessible on the company’s website. Premier Inc. collaborates with over 4,400 U.S. hospitals and 250,000 providers to enhance healthcare delivery through integrated data, analytics, and consulting services. For more updates, visit their news and investor site.

Premier, Inc. (NASDAQ: PINC) reported its fiscal Q1 2023 results, highlighting a 14% decline in net revenue, totaling $313.9 million, compared to the previous year. The Supply Chain Services segment saw a significant 21% decrease in revenue, attributed to normalization post-COVID-19. Conversely, Performance Services grew by 7% to $94.2 million, driven by adjacent markets. GAAP net income dropped by 65% to $42.9 million, leading to a 63% decrease in EPS. The company reaffirmed its fiscal 2023 guidance and completed an acquisition to bolster growth.