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 |
Total net revenue of $261.4 million (total net revenue excluding Contigo Health* of $255.3 million) GAAP net income from continuing operations of $27.6 million, or $0.32 per fully diluted share Adjusted earnings per share excluding Contigo Health* of $0.46 Net cash provided by operating activities from continuing operations of $307.8 million and free cash flow* of $130.3 million for the first nine months of fiscal-year 2025 Increasing adjusted EBITDA and adjusted EPS guidance; reaffirming guidance midpoint for total net revenue excluding Contigo Health [1][2] Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today reported financial results
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 no later than June 15, 2025, to stockholders of record as of the close of business on June 1, 2025. About Premier, Inc. Premier, Inc. (NASDAQ:PINC) is a leading technology-driven healthcare improvement company, providing solutions to two-thirds of all healthcare providers in the U.S. Playing a critical role in the rapidly evolving healthcare industry, Premier unites providers, suppliers, payers and policymakers to make healthcare bett
Premier, Inc. (NASDAQ:PINC) today announced that it will release financial results for its fiscal 2025 third quarter on Tuesday, May 6, 2025, 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 telep
Total net revenue of $240.3 million (Total net revenue excluding Contigo Health* of $232.2 million) GAAP net loss from continuing operations of $45.8 million, or $(0.60) per fully diluted share, which includes a $126.8 million impairment charge to goodwill related to the company's data and technology business in the Performance Services segment Adjusted earnings per share excluding Contigo Health* of $0.27 Net cash provided by operating activities from continuing operations of $193.7 million and free cash flow* of $73.9 million for the first six months of fiscal 2025 Reaffirming guidance midpoints for total net revenue excluding Contigo Health and adjusted EBITDA; increasing th
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 March 15, 2025, to stockholders of record as of the close of business on March 1, 2025. About Premier, Inc. Premier, Inc. (NASDAQ:PINC) is a leading technology-driven healthcare improvement company, providing solutions to two-thirds of all healthcare providers in the U.S. Playing a critical role in the rapidly evolving healthcare industry, Premier unites providers, suppliers, payers and policymakers to make healthcare better with
Premier, Inc. (NASDAQ:PINC) today announced that it will release financial results for its fiscal 2025 second quarter on Tuesday, February 4, 2025, 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 bel
Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today reported financial results for the fiscal-year 2025 first quarter ended September 30, 2024. On October 1, 2024, the company announced that it had divested the S2S Global direct sourcing business. As such, and unless stated otherwise, all results presented in the following release reflect those of continuing operations. In addition, as the divestiture process for the Contigo Health business remains ongoing, results presented in this release will continue to include contributions from that business. Refer to supplemental financial tables below for a reconciliation of the impact of the Contigo Healt
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
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4 - Premier, Inc. (0001577916) (Issuer)
4 - Premier, Inc. (0001577916) (Issuer)
4 - Premier, Inc. (0001577916) (Issuer)
4 - Premier, Inc. (0001577916) (Issuer)
4 - Premier, Inc. (0001577916) (Issuer)
4 - Premier, Inc. (0001577916) (Issuer)
4 - Premier, Inc. (0001577916) (Issuer)
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
Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today announced that it has named David (Dave) Zito as President, Performance Services, effective December 6, 2024. Zito will oversee Premier's Performance Services segment, including the continued development and growth of the company's enterprise-wide, AI-enabled technology businesses and Premier's consulting practice. He will report to Michael J. Alkire, Premier's President and CEO. Zito is a seasoned healthcare executive, with expertise across provider networks, payer systems, life sciences and healthcare managed services. He served as the Chief Growth Officer for Guidehouse, where he was respon
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 13, 2025 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 technology-driven healthcare improvement company, providing solutions to two-thirds of all healthcare providers in the U.S. Pl
Total net revenue of $261.4 million (total net revenue excluding Contigo Health* of $255.3 million) GAAP net income from continuing operations of $27.6 million, or $0.32 per fully diluted share Adjusted earnings per share excluding Contigo Health* of $0.46 Net cash provided by operating activities from continuing operations of $307.8 million and free cash flow* of $130.3 million for the first nine months of fiscal-year 2025 Increasing adjusted EBITDA and adjusted EPS guidance; reaffirming guidance midpoint for total net revenue excluding Contigo Health [1][2] Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today reported financial results
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 no later than June 15, 2025, to stockholders of record as of the close of business on June 1, 2025. About Premier, Inc. Premier, Inc. (NASDAQ:PINC) is a leading technology-driven healthcare improvement company, providing solutions to two-thirds of all healthcare providers in the U.S. Playing a critical role in the rapidly evolving healthcare industry, Premier unites providers, suppliers, payers and policymakers to make healthcare bett
Premier, Inc. (NASDAQ:PINC), a leading healthcare improvement company, announced today that one of its AI-powered applications, Stanson Health CodingCare, is Under Construction in Toolbox on Epic Showroom. The Under Construction designation highlights products that will become available once development is released by Epic and participating developers. Premier's Stanson Health team will preview the app during Epic's XGM (April 28 – May 2, 2025) and meet with Epic customers to showcase its capabilities. Premier's Stanson Health app is designed to make it easier for providers to optimize value-based care performance through smarter, automated workflows. The app is powered by clinician-train
Premier, Inc. (NASDAQ:PINC) today announced that it will release financial results for its fiscal 2025 third quarter on Tuesday, May 6, 2025, 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 telep
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 Leerink Global Healthcare Conference on Tuesday, March 11, 2025 at 8:40 a.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 technology-driven healthcare improvement company, providing solutions to two-thirds of all healthcare providers in the U.S. Playing a criti
Premier, Inc. (NASDAQ:PINC), a leading technology-driven healthcare improvement company, today announced that it has entered into accelerated share repurchase agreements with JPMorgan Chase Bank, National Association ("JPMorgan") to repurchase an aggregate of $200 million of shares of its Class A common stock (the "ASR program"). The ASR program was authorized under the Company's $1.0 billion share repurchase authorization approved by the Company's Board of Directors (the "Board") in February 2024 (the "Share Repurchase Authorization"). Under the terms of the ASR program, the Company will make a payment of $200 million to JPMorgan, and by February 19, 2025, will receive from JPMorgan initi
Premier, Inc. (NASDAQ:PINC), today announced the nation's 50 Top Cardiovascular Hospitals® with the full list of recognized hospitals published in Fortune®. To create the list, an objective, quantitative analysis of publicly available data was conducted to identify the top cardiovascular hospitals in the United States. The primary purpose of Premier's 50 Top Cardiovascular Hospitals program is to inspire hospital and health system leaders to pursue higher performance and deliver added value to patients and communities. Organizations do not apply to participate in the study, and award winners do not pay to market their honor. Performance of Facilities on Premier's 50 Top Cardiovascular H
Total net revenue of $240.3 million (Total net revenue excluding Contigo Health* of $232.2 million) GAAP net loss from continuing operations of $45.8 million, or $(0.60) per fully diluted share, which includes a $126.8 million impairment charge to goodwill related to the company's data and technology business in the Performance Services segment Adjusted earnings per share excluding Contigo Health* of $0.27 Net cash provided by operating activities from continuing operations of $193.7 million and free cash flow* of $73.9 million for the first six months of fiscal 2025 Reaffirming guidance midpoints for total net revenue excluding Contigo Health and adjusted EBITDA; increasing th
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 March 15, 2025, to stockholders of record as of the close of business on March 1, 2025. About Premier, Inc. Premier, Inc. (NASDAQ:PINC) is a leading technology-driven healthcare improvement company, providing solutions to two-thirds of all healthcare providers in the U.S. Playing a critical role in the rapidly evolving healthcare industry, Premier unites providers, suppliers, payers and policymakers to make healthcare better with
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