Healthcare firm Premier explores strategic alternatives

Reuters May 8, 2023
Reporting by Ananya Mariam Rajesh in Bengaluru Editing by Vinay Dwivedi

Premier Inc (PINC.O) said on Monday its board was evaluating strategic alternatives and had established a special committee of independent directors for potential options, including a sale of part or all of the company.

Shares in the healthcare services provider, which said it would also consider recapitalization or other partnership opportunities, rose 6% in extended trading.

Premier, which purchases supplies on behalf of hospitals, said there can be no assurance that the review process would result in any transaction or strategic outcome.

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