Premier, Inc., together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and document shredding. The segment is also involved in the provision of the ASCEND Collaborative service for members to receive group purchasing programs, tiers, and prices; SURPASS Collaborative service; STOCKD, an e-commerce platform; and PROVIDEGX program, which identifies supply sources for drugs that are on or may be at risk of being added to the national drug shortage list, or that are vulnerable to pricing volatility, as well as direct sourcing business. The Performance Services segment offers PremierConnect for members to address existing cost and quality imperatives, to manage a value-based care reimbursement model, and support their regulatory reporting framework; performance improvement collaboratives; and consulting and insurance management services, such as creation and management of health benefit programs under Contigo Health brand, as well as health systems and suppliers cost management solutions under Remitra brand. This segment's PremierConnect solutions are organized into six areas, such as Quality & Regulatory, Clinical Surveillance & Safety, Supply Chain & ERP, Operations, Enterprise Analytics, and Clinical Decision Support domains. The company also provides services to other businesses, including food service, schools, and universities. Premier, Inc. was incorporated in 2013 and is headquartered in Charlotte, North Carolina.
IPO Year: 2013
Exchange: NASDAQ
Website: premierinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/26/2024 | Buy → Hold | The Benchmark Company | |
| 5/8/2024 | $27.00 → $21.00 | Buy → Hold | Canaccord Genuity |
| 2/26/2024 | $22.50 | Market Perform | Leerink Partners |
| 1/3/2024 | $22.00 | Equal Weight | Barclays |
| 8/23/2023 | $44.00 → $25.00 | Overweight → Neutral | Piper Sandler |
| 5/3/2023 | $43.00 → $30.00 | Outperform → Neutral | Robert W. Baird |
| 5/2/2023 | Outperform → Mkt Perform | Raymond James | |
| 1/27/2023 | $38.00 | Underperform → Neutral | Credit Suisse |
| 11/2/2022 | $41.00 | Neutral → Outperform | Robert W. Baird |
| 5/4/2022 | $39.00 → $45.00 | Neutral → Overweight | Piper Sandler |
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Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today announced that its Board of Directors declared a cash dividend of $0.21 per share of Class A common stock issued and outstanding. The cash dividend will be payable on December 15, 2024, to stockholders of record as of the close of business on December 1, 2024. About Premier, Inc. Premier, Inc. (NASDAQ:PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,350 U.S. hospitals and health systems and approximately 325,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, consulting and
Premier, Inc. (NASDAQ:PINC) today announced that it will release financial results for its fiscal 2025 first quarter on Tuesday, November 5, 2024, at approximately 6:30 a.m. ET. The company will also host a conference call at 8:00 a.m. ET to discuss its financial results. The live webcast and replay will be available in the Investors section of the company's website at Events & Presentations. The webcast should be accessed 10 minutes prior to the conference call start time. The replay of the event will be available for one year following the conclusion of the live broadcast. For those parties who do not have internet access, the conference call can be accessed by calling one of the below
Advances Premier's strategy to focus on core businesses while continuing to support supply chain resiliency for U.S. hospitals and healthcare systems Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today announced it has entered into a partnership with Prestige Ameritech, Ltd. ("Prestige"), one of the country's largest manufacturers of personal protective equipment (PPE). Pursuant to the partnership agreement, Premier exchanged all its holdings in the S2S Global business ("S2S"), its direct sourcing subsidiary, for a 20 percent minority interest in Prestige. This new ownership interest is in addition to an existing indirect investment that Premier m
Craig McKasson to Retire at the End of December 2024 Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today announced that Glenn Coleman, CPA, was unanimously appointed by the Board of Directors to serve as the Chief Administrative and Financial Officer of the company, effective November 11, 2024. Coleman will succeed Craig McKasson, who will retire on December 31, 2024, and will serve as a strategic advisor to the company through 2026. Coleman brings more than three decades of financial and industry expertise, as well as extensive experience managing public company financial planning, reporting and operations. He currently serves as Executive Vic
Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today reported financial results for the fiscal-year 2024 fourth quarter and full year ended June 30, 2024. "I would like to thank our employees for another year of dedication to our mission and their ongoing efforts to enable our healthcare provider members to care for the communities they serve," said Michael J. Alkire, Premier President and CEO. "Our fourth-quarter and full-year results for revenue and profitability exceeded our expectations as consolidated net revenue increased from the prior-year period driven by increases in both our Supply Chain Services and Performance Services segments. As we
Partnership to support more than $3.5 billion in AllSpire annual GPO purchasing volume. Premier supply chain services and performance improvement technology to enable operational efficiency, supply chain innovation and value for AllSpire members. Premier, Inc. (NASDAQ:PINC), a leading technology-enabled healthcare improvement company, today announced that it has been selected by AllSpire Health GPO, LLC (AllSpire), a regional group purchasing organization (GPO), as its primary national GPO and to support AllSpire's more than $3.5 billion in annual GPO purchasing volume. Premier will leverage its scale and actionable data to evaluate products and services – and support the continue
Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today announced that its Board of Directors declared a cash dividend of $0.21 per share of Class A common stock issued and outstanding. The cash dividend will be payable on September 15, 2024, to stockholders of record as of the close of business on September 1, 2024. About Premier, Inc. Premier, Inc. (NASDAQ:PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,350 U.S. hospitals and health systems and approximately 300,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consul
Premier, Inc. (NASDAQ:PINC) today announced that it will release financial results for its fiscal 2024 fourth quarter and full year on Tuesday, August 20, 2024, at approximately 6:30 a.m. ET. The company will also host a conference call at 8:00 a.m. ET to discuss its financial results. The live webcast and replay will be available in the Investors section of the company's website at Events & Presentations. The webcast should be accessed 10 minutes prior to the conference call start time. The replay of the event will be available for one year following the conclusion of the live broadcast. For those parties who do not have internet access, the conference call can be accessed by calling o
PINC AI™, the technology and services brand of Premier, Inc. (NASDAQ:PINC), today announced the nation's 15 Top Health Systems™. The list of recognized health systems for the 16th consecutive year was published in an exclusive online article by Fortune. Premier's PINC AI™ 15 Top Health Systems™ Annual Report includes a comprehensive analysis of the data supporting the top performers. Based on the data analyzed, it is estimated that if all health systems performed at the same level of this year's top performers, more than 220,000 additional lives could have been saved and more than 196,000 additional patients could have been complication free for the 2024 report year. 15 Top Health Syste
Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today announced that members of its management team will participate in a fireside chat at the BofA Securities Healthcare Conference on Tuesday, May 14, 2024, at 9:20 a.m. PDT (12:20 p.m. EDT). A link to the live audio webcast, as well as a replay of this event, will be available in the Investors section of the company's website at https://investors.premierinc.com/overview/default.aspx under Events and Presentations. About Premier, Inc. Premier, Inc. (NASDAQ:PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,350 U.S. hospitals and health systems and approximately
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Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today announced that its Board of Directors declared a cash dividend of $0.21 per share of Class A common stock issued and outstanding. The cash dividend will be payable on December 15, 2024, to stockholders of record as of the close of business on December 1, 2024. About Premier, Inc. Premier, Inc. (NASDAQ:PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,350 U.S. hospitals and health systems and approximately 325,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, consulting and
Premier, Inc. (NASDAQ:PINC) today announced that it will release financial results for its fiscal 2025 first quarter on Tuesday, November 5, 2024, at approximately 6:30 a.m. ET. The company will also host a conference call at 8:00 a.m. ET to discuss its financial results. The live webcast and replay will be available in the Investors section of the company's website at Events & Presentations. The webcast should be accessed 10 minutes prior to the conference call start time. The replay of the event will be available for one year following the conclusion of the live broadcast. For those parties who do not have internet access, the conference call can be accessed by calling one of the below
Craig McKasson to Retire at the End of December 2024 Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today announced that Glenn Coleman, CPA, was unanimously appointed by the Board of Directors to serve as the Chief Administrative and Financial Officer of the company, effective November 11, 2024. Coleman will succeed Craig McKasson, who will retire on December 31, 2024, and will serve as a strategic advisor to the company through 2026. Coleman brings more than three decades of financial and industry expertise, as well as extensive experience managing public company financial planning, reporting and operations. He currently serves as Executive Vic
Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today reported financial results for the fiscal-year 2024 fourth quarter and full year ended June 30, 2024. "I would like to thank our employees for another year of dedication to our mission and their ongoing efforts to enable our healthcare provider members to care for the communities they serve," said Michael J. Alkire, Premier President and CEO. "Our fourth-quarter and full-year results for revenue and profitability exceeded our expectations as consolidated net revenue increased from the prior-year period driven by increases in both our Supply Chain Services and Performance Services segments. As we
Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today announced that its Board of Directors declared a cash dividend of $0.21 per share of Class A common stock issued and outstanding. The cash dividend will be payable on September 15, 2024, to stockholders of record as of the close of business on September 1, 2024. About Premier, Inc. Premier, Inc. (NASDAQ:PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,350 U.S. hospitals and health systems and approximately 300,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consul
Premier, Inc. (NASDAQ:PINC) today announced that it will release financial results for its fiscal 2024 fourth quarter and full year on Tuesday, August 20, 2024, at approximately 6:30 a.m. ET. The company will also host a conference call at 8:00 a.m. ET to discuss its financial results. The live webcast and replay will be available in the Investors section of the company's website at Events & Presentations. The webcast should be accessed 10 minutes prior to the conference call start time. The replay of the event will be available for one year following the conclusion of the live broadcast. For those parties who do not have internet access, the conference call can be accessed by calling o
Reaffirming fiscal 2024 financial guidance ranges Executed $400 million accelerated share repurchase transaction Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today reported financial results for the fiscal-year 2024 third quarter ended March 31, 2024. Third-quarter results: Total net revenue of $342.6 million; growth of 6% over the prior-year period GAAP net loss of $49.2 million, or $(0.36) per fully diluted share, which includes a $140.1 million goodwill, intangible and other long-lived assets impairment related to the company's Contigo Health business Adjusted earnings per share* of $0.55; flat compared to the prior-year perio
Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today announced that its Board of Directors declared a cash dividend of $0.21 per share of Class A common stock issued and outstanding. The cash dividend will be payable on June 15, 2024, to stockholders of record as of the close of business on June 1, 2024. About Premier, Inc. Premier, Inc. (NASDAQ:PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,350 U.S. hospitals and health systems and approximately 300,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and o
Premier, Inc. (NASDAQ:PINC) today announced that it will release financial results for its fiscal 2024 third quarter on Tuesday, May 7, 2024, at approximately 6:30 a.m. ET. The company will also host a conference call at 8:00 a.m. ET to discuss its financial results. The live webcast and replay will be available in the Investors section of the company's website at Events & Presentations. The webcast should be accessed 10 minutes prior to the conference call start time. The replay of the event will be available for one year following the conclusion of the live broadcast. For those parties who do not have internet access, the conference call can be accessed by calling one of the below tel
Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today reported financial results for the fiscal-year 2024 second quarter ended December 31, 2023. "Our second quarter results reflect ongoing discipline in actively managing our business to meet our expectations for profitability," said Michael J. Alkire, Premier's President and CEO. "Consolidated net revenue declined from the prior-year period primarily due a challenging revenue comparison for enterprise license agreements in our Performance Services segment and the impact of higher aggregate member fee share in our group purchasing business and continued market conditions in our direct sourcing busi
Analysts' ratings for Premier (NASDAQ:PINC) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 3 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $21.5, a high estimate of $22.00, and a low estimate of $21.00. Experiencing a 13.13% decline, the current average is now
JP Morgan analyst Anne Samuel maintains Premier (NASDAQ:PINC) with a Neutral and lowers the price target from $23 to $21.
In the preceding three months, 4 analysts have released ratings for Premier (NASDAQ:PINC), presenting a wide array of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 3 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 Analysts have recently evaluated Premier and provided 12-month price targets. The average target is $21.88, accompanied by a high estimate of $22.50 and a low estimate of $21.00. A negative shif
Piper Sandler analyst Jessica Tassan maintains Premier (NASDAQ:PINC) with a Neutral and lowers the price target from $24 to $22.
Canaccord Genuity analyst Richard Close downgrades Premier (NASDAQ:PINC) from Buy to Hold and lowers the price target from $27 to $21.
Baird analyst Eric Coldwell maintains Premier (NASDAQ:PINC) with a Neutral and lowers the price target from $25 to $22.
Premier (NASDAQ:PINC) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.48 by 14.58 percent. This is a 5.17 percent decrease over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $342.60 million which beat the analyst consensus estimate of $318.51 million by 7.56 percent. This is a 6.32 percent increase over sales of $322.23 million the same period last year.
https://premierinc.com/newsroom/press-releases/premier-inc-announces-strategic-supply-chain-partnership-with-beebe-healthcare
The Benchmark Company downgraded Premier from Buy to Hold
Canaccord Genuity downgraded Premier from Buy to Hold and set a new price target of $21.00 from $27.00 previously
Leerink Partners initiated coverage of Premier with a rating of Market Perform and set a new price target of $22.50
Barclays initiated coverage of Premier with a rating of Equal Weight and set a new price target of $22.00
Piper Sandler downgraded Premier from Overweight to Neutral and set a new price target of $25.00 from $44.00 previously
Robert W. Baird downgraded Premier from Outperform to Neutral and set a new price target of $30.00 from $43.00 previously
Raymond James downgraded Premier from Outperform to Mkt Perform
Credit Suisse upgraded Premier from Underperform to Neutral and set a new price target of $38.00
Robert W. Baird upgraded Premier from Neutral to Outperform and set a new price target of $41.00
Piper Sandler upgraded Premier from Neutral to Overweight and set a new price target of $45.00 from $39.00 previously