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) 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.
Premier, a leading healthcare improvement company, has declared a cash dividend of $0.21 per share of Class A common stock. This dividend is payable on December 15, 2022, to stockholders of record as of December 1, 2022. The company continues to play a pivotal role in enhancing healthcare delivery through integrated data and analytics, serving over 4,400 U.S. hospitals and 250,000 providers. This commitment to transformation aims to improve care quality while reducing costs.
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Premier, Inc. (NASDAQ: PINC) announced that its subsidiary, Contigo Health, has finalized the acquisition of assets from TRPN Direct Pay and Devon Health. These assets include contracts with over 900,000 providers across 4.1 million locations in the U.S. The new product, Contigo Health® ConfigureNet™, aims to enhance health plan offerings while reducing costs through pre-negotiated discounts. The transaction is projected to contribute $40 million to $60 million in annual net revenue and add $0.01 to $0.02 to earnings per share in fiscal 2023.