Healthcare Innovation May 2, 2023
With some clients pushing back or pulling out of contract talks, ‘we think it is prudent to take a more cautious view.’
The leaders of Premier Inc. have lowered their outlook for 2023 for a second time in part because some customers have begun pulling back on spending decisions or are still carrying high inventories of medical supplies.
Shares of the Charlotte-based supply chain and analytics services company (Ticker: PINC) slumped nearly 20 percent May 2 to about $27 on the news. The drop erased nearly $750 million in market value.
“We are seeing to some degree some softening in demand and delayed decision making for some of our more comprehensive enterprise license and consulting services engagements, largely due to...
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