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.
Premier, Inc. (NASDAQ: PINC) is a leading national healthcare solutions organization based in Charlotte, North Carolina. The company collaborates with healthcare organizations to improve supply chain management, decrease healthcare costs, integrate data, and enhance the health of communities. Premier operates one of the most comprehensive databases of actionable data, best practices, and cost reduction strategies, empowering its members to collaborate efficiently and enhance quality outcomes while reducing costs.
Premier Inc.'s core business is organized into two main segments. The first is Supply Chain Services, which accounts for approximately 70% of the company's fiscal 2019 revenue. This segment provides primary supply chain services to large hospital systems and, more recently, to alternate outpatient locations as part of its expanding footprint. The second segment, Performance Services, contributes around 30% of the revenue and focuses on consulting and technology platforms offered through software-as-a-service-based subscriptions.
Among Premier's recent achievements is its partnership with LANGaware, a leader in digital cognitive and behavioral health diagnostics. This collaboration aims to leverage Premier's PINC AI™ Healthcare Database to develop novel therapeutics for neurodegenerative and behavioral health diseases. Through this partnership, Premier's PINC AI™ Applied Sciences (PAS) will utilize real-world data (RWD) to support early patient identification and evidence-based clinical decisions, ultimately improving patient outcomes and reducing healthcare costs.
Premier Inc.'s PINC AI™ technology and services platform boasts over two decades of comprehensive data, including cost, quality, and operational data from 45% of U.S. hospital discharges, 2.7 billion hospital outpatient and clinic encounters, and 177 million physician office visits. This extensive data repository provides actionable intelligence to improve outcomes, support financial performance, and enable success in new payment models.
Overall, Premier Inc. stands out in the healthcare industry by offering a combination of supply chain management, consulting services, and data-driven performance solutions that drive innovation and efficiency. The company's continued strategic partnerships and technological advancements position it as a significant player in the sector, committed to transforming patient care and improving healthcare delivery.
Premier Inc. (NASDAQ: PINC) has announced a new $200 million accelerated share repurchase (ASR) program with JPMorgan Chase Bank. Under the program, Premier will receive approximately 9 million shares initially, worth $160 million based on the February 14, 2025 closing price. The final settlement is expected by Q1 of fiscal 2026.
This ASR is part of a larger $1.0 billion share repurchase authorization approved in February 2024. The company has already repurchased $600 million through a $400 million ASR completed in July 2024 and $200 million in open market repurchases completed in January 2025. The program will be funded through the company's existing credit facility.
Premier Inc. (NASDAQ: PINC) has announced its annual list of the 50 Top Cardiovascular Hospitals in the United States, published in Fortune. The analysis reveals significant performance advantages among top hospitals, including 25% fewer AMI deaths and 66% fewer CABG deaths compared to peers.
The top performers demonstrated superior outcomes while operating more efficiently, with costs up to $7,000 less per patient case. Key achievements include 30% fewer PCI complications, 19% fewer CABG complications, higher 30-day survival rates, and lower readmission rates. If all hospitals matched these performance levels, there could be 14,000 fewer deaths due to heart disease and potential savings of $1.5 billion in inpatient costs for the 2025 study year.
The study uses a balanced scorecard approach based on public data, evaluating hospitals across four domains: AMI Performance, Heart Failure Performance, CABG Performance, and PCI Performance. Hospitals are ranked within three peer groups: teaching hospitals with cardiovascular residency programs, teaching hospitals without such programs, and community hospitals.
Premier Inc. (NASDAQ: PINC) reported fiscal-year 2025 second-quarter results with total net revenue of $240.3 million, representing a 14% decrease from the previous year. The company recorded a GAAP net loss from continuing operations of $45.8 million, or $(0.60) per share, including a $126.8 million goodwill impairment charge related to its data and technology business.
The Supply Chain Services segment saw net administrative fees decline 13% to $131.4 million, while Performance Services revenue decreased 19% to $91.5 million. Despite challenges, the company generated $193.7 million in operating cash flow and $73.9 million in free cash flow for the first six months of fiscal 2025.
Premier reaffirmed its guidance midpoints for total net revenue excluding Contigo Health and adjusted EBITDA, while increasing the adjusted earnings per share guidance midpoint by $0.08, supported by a $200 million share repurchase completed in January.
Premier (NASDAQ: PINC) has announced a quarterly cash dividend declaration by its Board of Directors. The company will pay $0.21 per share of Class A common stock to shareholders. The dividend is scheduled for payment on March 15, 2025, with a record date of March 1, 2025. Premier, which operates as a technology-driven healthcare improvement company, made this announcement as part of its regular dividend distribution program.
Premier (NASDAQ: PINC) has announced it will release its fiscal 2025 second-quarter financial results on Tuesday, February 4, 2025, at approximately 6:30 a.m. ET. The company will host a conference call at 8:00 a.m. ET on the same day to discuss the results.
A live webcast and replay will be accessible through the Investors section of Premier's website under Events & Presentations. Participants are advised to access the webcast 10 minutes before the call starts. The replay will remain available for one year after the broadcast. 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.
Premier, Inc. (NASDAQ: PINC), a technology-driven healthcare improvement company, has announced its participation in the J.P. Morgan Healthcare Conference scheduled for January 14, 2025. The company's management team will deliver a formal presentation starting at 10:30 a.m. PST (1:30 p.m. EST), followed by a Q&A session with the host analyst.
Interested parties can access the live audio webcast and replay through the Investors section of Premier's website under Events and Presentations at investors.premierinc.com.
Premier Inc (NASDAQ: PINC) has appointed David Zito as President of Performance Services, effective December 6, 2024. Zito, former Chief Growth Officer at Guidehouse, will oversee Premier's technology businesses and consulting practice. Simultaneously, COO Leigh Anderson will resign effective December 31, 2024, continuing as consultant through March 2025. The company is restructuring leadership with Bruce Radcliff leading Supply Chain Services and Andy Brailo heading commercial and sales division, reporting to CEO Michael Alkire. The COO position will not be filled as Premier implements a team-based leadership approach.
Premier Inc (NASDAQ: PINC) reported fiscal-year 2025 first-quarter results, with net revenue declining 8% to $248.1 million. The company's Supply Chain Services revenue decreased 7% to $151.4 million, while Performance Services revenue fell 9% to $96.8 million. Despite revenue declines, net income from continuing operations increased 75% to $72.9 million, with diluted EPS rising 95% to $0.72. Adjusted EBITDA decreased 33% to $62.4 million, and adjusted EPS fell 28% to $0.34. The company announced the divestiture of its S2S Global direct sourcing business and reaffirmed its fiscal 2025 financial guidance.
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.
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