Healthcare DIVE May 9, 2023
Dive Brief:
- Group purchasing organization Premier said Monday its board is evaluating strategic alternatives for the company, including a potential sale of part or all of the business. Shares of Premier rose 4.4% in Tuesday morning trading on the Nasdaq.
- The board and an independent special committee it established are working with financial and legal advisers as they consider a broad range of possible options that also includes recapitalization or other partnership opportunities, Premier said in a statement.
- SVB Securities analyst Stephanie Davis, in a research note after Premier’s announcement, said separating the company’s performance services and supply chain services businesses in a sale process could bring “meaningful upside opportunity” to shares.
Dive Insight:
Group purchasing organizations, which...
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