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 (PINC) delivers innovative healthcare solutions through supply chain management and data-driven performance optimization. This news hub provides investors and industry professionals with timely updates on the company's strategic initiatives, financial developments, and operational milestones.
Access verified press releases covering earnings reports, technology partnerships, and healthcare system collaborations. Our curated collection includes updates on cost-reduction strategies, clinical analytics advancements, and regulatory compliance matters relevant to both institutional and individual stakeholders.
Key content areas include financial disclosures, supply chain innovations, and healthcare technology deployments. Bookmark this page for streamlined tracking of PINC's market position and alliance network developments within the evolving healthcare landscape.
Premier, Inc. (NASDAQ: PINC) reported a 40% increase in GAAP net revenue for Q4 FY2021, totaling $481.5 million, driven by a 51% surge in Supply Chain Services revenue. However, GAAP net income fell to $50.7 million from $55.4 million year-over-year. Adjusted EBITDA declined by 3% to $116.5 million, while adjusted net income increased 4% to $74.0 million. The company also initiated a $250 million stock repurchase program and raised its dividend to $0.20 per share. For FY2022, the outlook includes a focus on innovative solutions aimed at enhancing healthcare quality and reducing costs.
ChristianaCare has chosen Premier's (NASDAQ: PINC) supply chain solutions to enhance operational efficiency, improve quality, and boost revenue. This partnership will allow ChristianaCare to access Premier's technology suite, analytics, and expert support, driving cost reduction and growth. Andy Brailo from Premier expressed excitement about the collaboration, highlighting the benefits of transparency and efficiency. ChristianaCare aims to leverage Premier's resources for better supply chain management while remaining committed to effective and affordable care.
UnityPoint Health has partnered with Premier (NASDAQ: PINC) to enhance its supply chain management and improve healthcare delivery. This partnership will utilize Premier's PINC AI™ technology for better analytics and insights, particularly in reducing pharmaceutical costs and improving outcomes. The collaboration is built on a previous relationship, dating back to 2015, and aims at operational efficiency and cost savings. The financial implications for Premier in fiscal year 2022 are expected to be minimal.
Premier Inc. (NASDAQ: PINC) has rebranded its technology and services platform to PINC AI to emphasize its expansion of AI technologies. This platform integrates over 20 years of healthcare data, aiding in performance improvement and alternative payment models. Key offerings include clinical intelligence, margin improvement, and value-based care solutions, aimed at enhancing patient outcomes and operational efficiencies. With a vast network of over 4,100 hospitals and health systems, PINC AI positions itself as a catalyst for healthcare innovation and diversification of revenue streams.
Premier, Inc. (NASDAQ: PINC) has approved a $250 million share repurchase program for fiscal year 2022 and announced a 5.3% increase in its quarterly cash dividend to $0.20 per share, payable on September 15, 2021. This reflects the company's robust financial position and commitment to returning capital to shareholders. The company will initiate the buyback program after reporting its fourth-quarter results on August 17, 2021, although the actual execution may vary.
Premier Inc. (NASDAQ: PINC) announced that its management team will join a fireside chat at the KeyBanc Capital Markets Virtual Technology Leadership Forum on August 10, 2021, at 1:20 p.m. ET. This event will focus on the company's commitment to improving healthcare, supported by an alliance of over 4,100 U.S. hospitals. The live audio webcast and replay will be accessible on Premier's website. Premier is dedicated to transforming healthcare through integrated data, analytics, and supply chain solutions.
Premier, Inc. (NASDAQ: PINC) will announce its financial results for fiscal 2021's fourth quarter and full year on August 17, 2021, at approximately 6:30 a.m. EDT. A conference call will be held at 8:00 a.m. EDT to discuss these results. The call will be accessible via a webcast on the company's website, with a replay available for one year afterwards. Premier, Inc. is a prominent healthcare improvement firm that partners with over 4,100 hospitals to enhance care delivery and costs through integrated services and analytics.
Honeywell and Premier Inc. are partnering to enhance the domestic production of nitrile exam gloves, aiming to produce at least 750 million gloves within the first year. This collaboration addresses ongoing shortages exacerbated by the COVID-19 pandemic, with demand exceeding supply by 40%. Over 80 health systems are committed to purchasing these gloves, ensuring better access for healthcare providers. The financial terms remain undisclosed and are not expected to significantly impact either company's financials.
FAQ
What is the current stock price of Premier (PINC)?
What is the market cap of Premier (PINC)?
