Premier, Inc. Divests Ownership Position in S2S Global Through New Partnership With Prestige Ameritech
Advances Premier’s strategy to focus on core businesses while continuing to support supply chain resiliency for
Prestige is one of the largest domestic manufacturers of medical and industrial face masks in
“This expanded partnership will enable Premier to hone our focus on our core technology-enablement and smarter supply chain solutions as we continue to drive value for our members, partners, stockholders and other stakeholders,” said Michael J. Alkire, Premier’s President and CEO. “Additionally, our increased ownership of Prestige represents the next step in our supply chain resiliency strategy, which has been tremendously effective in ensuring that Premier members have differentiated access to domestically produced essential medical products, reducing their reliance on overseas manufacturing. We are confident that this transaction will ensure our continued alignment with Prestige as a partner in strategy while they take the S2S business to the next level.”
“Prestige Ameritech is proud to assume Premier’s ownership in the S2S Global business and build on our highly successful, long-standing partnership. With the size and scale of S2S’s assets, we believe we will be able to expand into product categories that need additional competition and
About Premier, Inc.
Premier, Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,350
Cautionary Note Regarding Forward-Looking Statements
Statements made in this release that are not statements of historical or current facts, including but not limited to those related to Premier’s ability to advance its long-term strategies and develop innovations for, transform, and improve healthcare, the potential benefits of the Prestige Ameritech transaction and the potential performance of S2S Global as part of Prestige Ameritech's business, and the financial impacts of the Prestige Ameritech transaction and future ownership of an increased minority interest in Prestige Ameritech, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from historical results or from any future performance or achievements expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements. Forward-looking statements may include comments as to Premier’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to risks and uncertainties, many of which are outside Premier’s control. More information on risks and uncertainties that could affect Premier’s business, achievements, performance, financial condition and financial results is included from time to time in the “Cautionary Note Regarding Forward-Looking Statements,” “Risk Factors,” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Premier’s periodic and current filings with the SEC. Premier's periodic and current filings with the SEC are made available on Premier’s website at investors.premierinc.com. Forward-looking statements speak only as of the date they are made, and Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events that occur after that date, or otherwise.
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Investor contact:
Ben Krasinski
Senior Director, Investor Relations
704.816.5644
ben_krasinski@premierinc.com
Media contact:
Amanda Forster
Vice President, Integrated Communications
202.879.8004
amanda_forster@premierinc.com
Source: Premier, Inc.