WV News June 14, 2023
Business Wire

CHARLOTTE, N.C.–(BUSINESS WIRE)–Jun 14, 2023–

Premier, Inc. (NASDAQ: PINC) (“Premier” or the “Company”), a leading technology-enabled healthcare improvement company, today announced that it has entered into a definitive agreement with OMNIA Partners (“OMNIA”), a leading non-healthcare group purchasing organization (GPO), under which Premier will divest its non-healthcare GPO operations for approximately $800 million in cash, subject to certain purchase price adjustments.

“This transaction unlocks substantial value for Premier’s stockholders and is an important step in our ongoing review of strategic alternatives,” said Michael J. Alkire, Premier President and CEO. “We are excited to enhance our focus on our member services and core healthcare businesses as we continue executing our strategies to drive sustainable, long-term growth....

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Topics: Mergers & Acquisitions / JV, Provider, Supply Chain, Technology, Trends
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