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Premier, Inc. - PINC STOCK NEWS

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.

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Premier, Inc. (NASDAQ: PINC) reported financial results for the fiscal year 2024 first quarter ended September 30, 2023, with net revenue of $318.8 million, a 2% increase year over year. Adjusted EBITDA increased 5% to $105.7 million, and adjusted EPS increased 15% to $0.54. The company's cash and cash equivalents were $453.3 million as of September 30, 2023.
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Healthcare software and services company Bloodbuy has entered into an agreement with Cerus Corporation to offer Pathogen Reduced Cryoprecipitated Fibrinogen Complex (IFC) on its online marketplace. IFC is a pathogen reduced blood component for fibrinogen supplementation with a 5-day post-thaw shelf life. The agreement aims to enhance patient outcomes and address inventory challenges in hospitals and blood centers.
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Premier, Inc. declares cash dividend of $0.21 per share of Class A common stock.
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Premier, Inc. to release fiscal 2024 Q1 financial results on November 7, 2023
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PINC AI™ announces nation's top hospitals, potential for lives saved and cost savings
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Premier, Inc. announces three executive promotions to drive innovation and growth.
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Premier, Inc. reports financial results for Q4 and FY 2023. Closed sale of non-healthcare GPO operations. Net income decreased 38% to $18.9 million. Adjusted EBITDA increased 8% to $132.6 million. Supply Chain Services net revenue decreased 2% to $228.1 million. Performance Services net revenue increased 4% to $112.3 million. GAAP net revenue decreased 7% to $1.3 billion. Cash and cash equivalents increased to $89.8 million.
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Premier, Inc. (NASDAQ: PINC) will release its fiscal 2023 fourth quarter and full year financial results on August 22, 2023, at 6:30 a.m. ET. A conference call will be held at 8:00 a.m. ET to discuss the results. The webcast and replay will be available on the company's website. The conference call can also be accessed by phone.
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FAQ

What is the current stock price of Premier (PINC)?

The current stock price of Premier (PINC) is $21.76 as of December 20, 2024.

What is the market cap of Premier (PINC)?

The market cap of Premier (PINC) is approximately 2.1B.

What does Premier, Inc. do?

Premier, Inc. collaborates with healthcare organizations to improve supply chain management, decrease healthcare costs, integrate data, and enhance community health.

Where is Premier, Inc. headquartered?

Premier, Inc. is headquartered in Charlotte, North Carolina.

What are the main business segments of Premier, Inc.?

Premier, Inc.'s main business segments are Supply Chain Services and Performance Services.

What is the PINC AI™ platform?

The PINC AI™ platform provides actionable intelligence to improve healthcare outcomes, support financial performance, and enable success in new payment models.

What recent partnership has Premier, Inc. announced?

Premier, Inc. recently announced a partnership with LANGaware to leverage real-world data for developing novel therapeutics for neurodegenerative and behavioral health diseases.

How does Premier, Inc. contribute to cost reduction in healthcare?

Premier, Inc. offers a comprehensive database of actionable data and best practices that help healthcare organizations reduce costs while improving quality outcomes.

What percentage of Premier, Inc.'s revenue comes from Supply Chain Services?

Approximately 70% of Premier, Inc.'s revenue comes from Supply Chain Services.

How does Premier, Inc. support early patient identification?

Through its PINC AI™ Applied Sciences, Premier, Inc. utilizes real-world data to support early patient identification and evidence-based clinical decisions.

What types of data does the PINC AI™ platform include?

The PINC AI™ platform includes cost, quality, and operational data from various healthcare encounters, including hospital discharges and physician office visits.

How does Premier, Inc. impact healthcare delivery?

Premier, Inc. impacts healthcare delivery by driving innovation and efficiency through its supply chain management, consulting services, and data-driven performance solutions.

Premier, Inc.

Nasdaq:PINC

PINC Rankings

PINC Stock Data

2.10B
95.09M
0.99%
86.03%
6.89%
Health Information Services
Services-management Services
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United States of America
CHARLOTTE