Trade Premier Inc - PINC CFD

Premier Inc Company profile

About Premier Inc

Premier, Inc. is a healthcare improvement company. The Company is uniting an alliance of approximately 4,100 United States hospitals and health systems and approximately 200,000 other providers and organizations to transform healthcare. The Company operates through two reportable business segments: Supply Chain Services and Performance Services. Its Supply Chain Services segment operates healthcare group purchasing organizations (GPO) and direct sourcing activities. The Company’s performance Service segment provides integrated data and analytics, software as a service (SaaS) informatic products, consulting services, performance improvement collaborative, government services and insurance management services. The Company plays a role in the healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide.

Financial summary

BRIEF: For the six months ended 31 December 2021, Premier Inc revenues decreased 3% to $744.4M. Net income applicable to common stockholders increased 21% to $197.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects (Loss) gain on FFF Put and Call Rights increase from $16.4M (expense) to $64.1M (income).