Premier Inc. August 16, 2022
Geert De Lombaerde

The budding businesses in markets adjacent to the company’s group purchasing core grew their fiscal ’22 sales to $83 million.

Supply chain and group purchasing giant Premier Inc. reported better-than-expected fourth-quarter results Aug. 16 and its leaders said they are looking for strong growth this coming year from a handful of emerging ventures.

Charlotte-based Premier, which works with more than 4,400 hospitals and health systems around the country, posted a net profit of $30.7 million in its fiscal fourth quarter on sales of $341 million. Those numbers were down markedly from the prior-year period, when massive customer demand for PPE and related products spiked revenues and profits. (Premier’s product...

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Topics: Health IT, Supply Chain, Technology
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