Market Summary
USD21.79-0.22
Market Closed-1.00%
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Price Action
52 Week Range
21.0535.57
(Low)(High)
Last 7 days
-0.2%
Last 30 days
-12.4%
Last 90 days
-20.4%
Trailing 12 Months
-37.2%
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Net sales
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Latest Insider Trading transactions for PINC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-25 | McKasson Craig S. | acquired | - | - | 77,118 | cao & cfo |
2023-08-25 | Alkire Michael J. | acquired | - | - | 280,817 | president & ceo |
2023-08-25 | Alkire Michael J. | sold (taxes) | -226,376 | 21.64 | -10,461 | president & ceo |
2023-08-25 | Hargraves David Alfred | sold (taxes) | -73,316 | 12.49 | -5,870 | svp, supply chain |
2023-08-25 | Alkire Michael J. | sold (taxes) | - | - | 11,841 | president & ceo |
2023-08-25 | Anderson Leigh | sold (taxes) | -150,636 | 12.4895 | -12,061 | president - perf. services |
2023-08-25 | McKasson Craig S. | sold (taxes) | -269,158 | 11.2308 | -23,966 | cao & cfo |
2023-08-25 | Klatsky David L | acquired | - | - | 35,171 | general counsel |
2023-08-25 | Climer Crystal | acquired | - | - | 7,455 | chief accounting officer |
2023-08-25 | Klatsky David L | sold (taxes) | -97,185 | 12.4901 | -7,781 | general counsel |
Which funds bought or sold PINC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | reduced | -13.33 | -378 | 1,079 | -% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -797,568 | 4,683,810 | 0.04% |
2023-08-23 | Dean Capital Management | reduced | -0.96 | -338,396 | 1,863,700 | 2.48% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | reduced | -54.19 | -447,135 | 287,664 | -% |
2023-08-22 | COMERICA BANK | new | - | - | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.7 | -809,849 | 3,993,830 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -66.6 | -107,245 | 42,631 | -% |
2023-08-18 | Legato Capital Management LLC | reduced | -0.96 | -338,396 | 1,863,700 | 0.25% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -13.37 | -2,538,130 | 7,232,870 | -% |
2023-08-15 | WELLS FARGO & COMPANY/MN | added | 51.42 | 300,295 | 1,322,340 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
PINC Alerts
Schedule 13G FIlings of Premier
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Sep 19, 2023 | millennium management llc | 0.6% | 681,354 | SC 13G | |
| Jun 08, 2023 | blackrock inc. | 4.9% | 5,887,920 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 5.0% | 5,983,044 | SC 13G | |
| Jan 10, 2023 | vanguard group inc | 10.31% | 12,248,397 | SC 13G/A | |
| Apr 08, 2022 | blackrock inc. | 4.99% | 5,948,825 | SC 13G/A | |
| Feb 09, 2022 | river road asset management, llc | 5.2% | 6,206,158 | SC 13G | |
| Feb 08, 2022 | river road asset management, llc | 4.4% | 5,269,380 | SC 13G/A | |
| Feb 04, 2022 | blackrock inc. | 5.1% | 6,197,659 | SC 13G | |
| Feb 02, 2022 | massachusetts financial services co /ma/ | 2.4% | 2,939,070 | SC 13G/A | |
| Feb 11, 2021 | massachusetts financial services co /ma/ | 5.2% | 6,293,962 | SC 13G/A |
Recent SEC filings of Premier
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 19, 2023 | SC 13G | Major Ownership Report | |
| Sep 12, 2023 | 8-K | Current Report | |
| Aug 29, 2023 | 4 | Insider Trading | |
| Aug 29, 2023 | 4 | Insider Trading | |
| Aug 29, 2023 | 4 | Insider Trading | |
| Aug 29, 2023 | 4 | Insider Trading | |
| Aug 29, 2023 | 4 | Insider Trading | |
| Aug 29, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 8-K | Current Report | |
| Aug 23, 2023 | 10-K | Annual Report |
PINC Fair Value
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Peers (Alternatives to Premier)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
UNH | 456.2B | 348.5B | -1.12% | -5.24% | 21.61 | 1.31 | 13.69% | 15.63% |
CVS | 91.5B | 339.2B | 6.45% | -29.11% | 29.62 | 0.27 | 10.18% | -63.11% |
CI | 91.1B | 186.1B | 2.16% | 0.51% | 13.64 | 1.92 | 3.72% | 22.38% |
LH | 18.2B | 14.1B | -4.84% | -6.54% | 21.91 | 1.29 | -5.68% | -58.27% |
| MID-CAP | ||||||||
DVA | 9.4B | 11.7B | 1.41% | 13.03% | 20.16 | 0.8 | 0.96% | -43.93% |
EHC | 7.0B | 4.6B | -0.06% | 39.84% | 22.16 | 1.52 | 9.56% | -4.24% |
ACHC | 6.5B | 2.8B | -6.23% | -13.68% | 23.9 | 2.33 | 13.40% | -2.45% |
PGNY | 3.3B | 957.5M | -8.01% | -15.46% | 66.71 | 3.43 | 55.17% | 8.05% |
PINC | 2.6B | 1.3B | -12.42% | -37.17% | 14.83 | 1.94 | -6.76% | -34.82% |
RCM | - | - | -5.51% | -20.65% | - | - | - | - |
| SMALL-CAP | ||||||||
NRC | 1.1B | 148.5M | 9.83% | 21.75% | 39.22 | 7.71 | -2.19% | -19.29% |
AMS | 15.5M | 20.4M | -11.49% | -6.52% | 28.15 | 0.76 | 9.05% | -51.79% |
OTRK | 4.7M | 10.8M | -41.82% | -73.41% | -0.13 | 0.43 | -71.53% | 35.85% |
IMAC | - | 6.9M | - | - | - | - | -59.04% | -71.13% |
Premier News
Returns for PINC
Cumulative Returns on PINC
-4.8%
7-Year Cumulative Returns
-12.2%
5-Year Cumulative Returns
-10.2%
3-Year Cumulative Returns
Risks for PINC
What is the probability of a big loss on PINC?
53.9%
Probability that Premier stock will be more than 20% underwater in next one year
18.5%
Probability that Premier stock will be more than 30% underwater in next one year.
0%
Probability that Premier stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does PINC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Premier was unfortunately bought at previous high price.
Drawdowns
Financials for Premier
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 0.0% | 1,336 | 1,336 | 1,362 | 1,382 | 1,433 | 1,574 | 1,696 | 1,739 | 1,721 | 1,582 | 1,447 | 1,344 | 1,300 | 1,273 | 1,239 | 1,227 | 1,218 | 1,214 | 1,214 | 1,201 | 1,185 |
| Cost Of Revenue | -2.0% | 440 | 449 | 481 | 507 | 548 | 693 | 816 | 885 | 884 | 761 | 606 | 494 | 433 | 393 | 376 | 364 | 356 | 4.00 | 121 | 234 | 342 |
| Gross Profit | 0.9% | 896 | 888 | 881 | 875 | 885 | 881 | 880 | 855 | 837 | 822 | 842 | 850 | 867 | 880 | 864 | 864 | 862 | 871 | 871 | 857 | 843 |
| Operating Expenses | 4.6% | 654 | 626 | 625 | 629 | 625 | 610 | 600 | 582 | 580 | 586 | 570 | 528 | 518 | 489 | 486 | 506 | 493 | 466 | 462 | 466 | 479 |
| S&GA Expenses | 4.7% | 602 | 575 | 575 | 581 | 577 | 562 | 553 | 536 | 532 | 533 | 514 | 470 | 460 | 434 | 432 | 451 | 439 | 414 | 409 | 412 | 425 |
| R&D Expenses | 1.8% | 5.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 3.00 | 3.00 | 2.00 | 3.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| EBITDA | -100.0% | - | 399 | 387 | 380 | 456 | 466 | 475 | 450 | 372 | 391 | 413 | 516 | 541 | 548 | 553 | 502 | 513 | 530 | 530 | - | - |
| EBITDA Margin | -100.0% | - | 0.30* | 0.28* | 0.27* | 0.32* | 0.30* | 0.28* | 0.26* | 0.22* | 0.25* | 0.29* | 0.38* | 0.42* | 0.43* | 0.45* | 0.41* | 0.42* | 0.40* | 0.36* | - | - |
| Earnings Before Taxes | -5.6% | 250 | 265 | 253 | 248 | 327 | 339 | 350 | 328 | 251 | 259 | 271 | 366 | 384 | 392 | 402 | 354 | 368 | 393 | 396 | 539 | 518 |
| EBT Margin | -100.0% | - | 0.20* | 0.19* | 0.18* | 0.23* | 0.22* | 0.21* | 0.19* | 0.15* | 0.16* | 0.19* | 0.27* | 0.30* | 0.31* | 0.32* | 0.29* | 0.30* | 0.29* | 0.27* | - | - |
| Net Income | -6.3% | 175 | 187 | 177 | 190 | 268 | 288 | 301 | 268 | 305 | 309 | 331 | 378 | 292 | 260 | 261 | 273 | 284 | 361 | 364 | 279 | 258 |
| Net Income Margin | -100.0% | - | 0.14* | 0.13* | 0.14* | 0.19* | 0.18* | 0.18* | 0.15* | 0.18* | 0.20* | 0.23* | 0.28* | 0.22* | 0.20* | 0.21* | 0.22* | 0.23* | 0.27* | 0.13* | - | - |
| Free Cashflow | -100.0% | - | 356 | 360 | 378 | 357 | 467 | 402 | 347 | 319 | 192 | 144 | 176 | 255 | 302 | 429 | 462 | 412 | 409 | 412 | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -4.0% | 3,371 | 3,513 | 3,539 | 3,420 | 3,357 | 3,515 | 3,451 | 3,567 | 3,523 | 3,682 | 3,511 | 3,442 | 2,949 | 3,063 | 2,616 | 2,595 | 2,570 | 2,684 | 2,645 | 2,517 | 2,312 |
| Current Assets | -1.5% | 642 | 651 | 674 | 739 | 646 | 756 | 728 | 833 | 782 | 889 | 786 | 718 | 618 | 752 | 575 | 577 | 614 | 635 | 614 | 626 | 429 |
| Cash Equivalents | -1.9% | 90.00 | 91.00 | 95.00 | 177 | 86.00 | 180 | 86.00 | 184 | 129 | 133 | 109 | 120 | 99.00 | 242 | 112 | 125 | 141 | 138 | 111 | 142 | 152 |
| Inventory | -18.5% | 77.00 | 94.00 | 116 | 124 | 120 | 130 | 148 | 169 | 176 | 225 | 178 | 143 | 71.00 | 49.00 | 53.00 | 52.00 | 51.00 | 65.00 | 70.00 | 68.00 | 53.00 |
| Net PPE | 2.7% | 212 | 207 | 207 | 209 | 213 | 223 | 225 | 226 | 224 | 224 | 221 | 214 | 207 | 204 | 200 | 203 | 205 | 212 | 212 | 211 | 205 |
| Goodwill | -5.3% | 1,012 | 1,069 | 1,069 | 61.00 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 942 | 943 | 942 | 930 | 907 | 881 | 881 | 944 | 943 | - | - |
| Liabilities | -11.9% | 1,037 | 1,177 | 1,233 | 1,158 | 1,108 | 1,282 | 1,173 | 1,239 | 1,293 | 1,467 | 1,338 | 1,307 | 1,089 | 1,263 | 945 | 904 | 909 | 1,046 | 942 | 834 | 819 |
| Current Liabilities | -9.4% | 815 | 900 | 934 | 838 | 753 | 863 | 723 | 757 | 717 | 853 | 705 | 668 | 496 | 686 | 450 | 411 | 458 | 588 | 515 | 470 | 449 |
| LT Debt, Current | - | - | - | - | - | - | - | - | - | - | - | - | - | 80.00 | 255 | 51.00 | 1.00 | 28.00 | 152 | 102 | 102 | 100 |
| LT Debt, Non Current | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.00 | - | - | - | 6.00 | - | - | - | 7.00 |
| Shareholder's Equity | -0.1% | 2,334 | 2,336 | 2,306 | 2,261 | 2,249 | 2,234 | 2,279 | 2,328 | 2,230 | 2,191 | 2,149 | 2,111 | 139 | 141 | - | - | - | - | - | - | - |
| Retained Earnings | -1.1% | 405 | 410 | 388 | 349 | 332 | 332 | 318 | 267 | 169 | 167 | 142 | 121 | - | - | -409 | -39.89 | -775 | -499 | -794 | -1,820 | -1,277 |
| Additional Paid-In Capital | 0.1% | 2,178 | 2,175 | 2,167 | 2,161 | 2,166 | 2,150 | 2,136 | 2,103 | 2,059 | 2,047 | 2,030 | 2,012 | 139 | 141 | - | - | - | - | - | - | - |
| Accumulated Depreciation | 3.1% | 663 | 643 | 622 | 601 | 579 | 574 | 559 | 538 | 518 | 503 | 487 | 470 | 453 | 432 | 409 | 384 | 359 | 347 | 340 | 318 | 294 |
| Shares Outstanding | 0.2% | 119 | 119 | 119 | 118 | 118 | 119 | 121 | 123 | 122 | 122 | 122 | 100 | 71.00 | 69.00 | 65.00 | 63.00 | 62.00 | 62.00 | 60.00 | 53.00 | 52.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 0.9% | 445 | 441 | 443 | 464 | 444 | 550 | 489 | 432 | 407 | 284 | 239 | 273 | 350 | 395 | 520 | 548 | 505 | 506 | 514 | 497 | 508 |
| Share Based Compensation | -44.6% | 14.00 | 25.00 | 32.00 | 46.00 | 46.00 | 46.00 | 45.00 | 36.00 | 35.00 | 29.00 | 24.00 | 24.00 | 21.00 | 28.00 | 27.00 | 27.00 | 29.00 | 24.00 | 25.00 | 26.00 | 29.00 |
| Cashflow From Investing | 0.9% | -273 | -276 | -298 | -112 | -139 | -138 | -196 | -196 | -174 | -199 | -183 | -219 | -222 | -169 | -108 | -128 | -129 | -159 | -160 | -105 | -92.68 |
| Cashflow From Financing | 33.7% | -167 | -252 | -136 | -358 | -347 | -364 | -315 | -171 | -203 | -193 | -57.78 | -58.85 | -168 | -121 | -410 | -436 | -387 | -358 | -405 | -381 | -419 |
| Buy Backs | - | - | - | 76.00 | 212 | 250 | 250 | 174 | 38.00 | - | - | 2.00 | 119 | 150 | 151 | 294 | 269 | 250 | 249 | 234 | 212 | 200 |
PINC Income Statement
2023-06-30Consolidated Statements of Income and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
| Net revenue: | |||
| Net revenue | $ 1,336,095 | $ 1,432,901 | $ 1,721,152 |
| Cost of revenue: | |||
| Cost of revenue | 439,806 | 547,862 | 883,818 |
| Gross profit | 896,289 | 885,039 | 837,334 |
| Operating expenses: | |||
| Selling, general and administrative | 601,554 | 576,879 | 532,326 |
| Research and development | 4,540 | 4,151 | 3,338 |
| Amortization of purchased intangible assets | 48,102 | 43,936 | 44,753 |
| Operating expenses | 654,196 | 624,966 | 580,417 |
| Operating income | 242,093 | 260,073 | 256,917 |
| Equity in net income of unconsolidated affiliates | 16,068 | 23,505 | 21,073 |
| Interest expense, net | (14,470) | (11,142) | (11,964) |
| Gain (loss) on FFF Put and Call Rights | 0 | 64,110 | (27,352) |
| Other income (expense), net | 6,307 | (9,646) | 11,967 |
| Other income (expense), net | 7,905 | 66,827 | (6,276) |
| Income before income taxes | 249,998 | 326,900 | 250,641 |
| Income tax expense (benefit) | 75,111 | 58,582 | (53,943) |
| Net income | 174,887 | 268,318 | 304,584 |
| Net loss (income) attributable to non-controlling interest | 139 | (2,451) | (17,062) |
| Adjustment of redeemable limited partners' capital to redemption amount | 0 | 0 | (26,685) |
| Net income attributable to stockholders | 175,026 | 265,867 | 260,837 |
| Comprehensive income: | |||
| Net income | 174,887 | 268,318 | 304,584 |
| Comprehensive loss (income) attributable to non-controlling interest | 139 | (2,451) | (17,062) |
| Foreign currency translation loss | (5) | (3) | 0 |
| Comprehensive income attributable to stockholders | $ 175,021 | $ 265,864 | $ 287,522 |
| Weighted average shares outstanding: | |||
| Basic (shares) | 118,767 | 120,220 | 116,527 |
| Diluted (shares) | 119,889 | 121,668 | 117,532 |
| Earnings per share attributable to stockholders: | |||
| Basic (usd per share) | $ 1.47 | $ 2.21 | $ 2.24 |
| Diluted (usd per share) | $ 1.46 | $ 2.19 | $ 2.22 |
| Services and software licenses | |||
| Net revenue: | |||
| Net revenue | $ 1,091,436 | $ 1,039,395 | $ 977,030 |
| Cost of revenue: | |||
| Cost of revenue | 218,087 | 183,984 | 170,773 |
| Net administrative fees | |||
| Net revenue: | |||
| Net revenue | 611,035 | 601,128 | 572,700 |
| Software licenses, other services and support | |||
| Net revenue: | |||
| Net revenue | 480,401 | 438,267 | 404,330 |
| Products | |||
| Net revenue: | |||
| Net revenue | 244,659 | 393,506 | 744,122 |
| Cost of revenue: | |||
| Cost of revenue | $ 221,719 | $ 363,878 | $ 713,045 |
PINC Balance Sheet
2023-06-30Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 89,793 | $ 86,143 |
| Accounts receivable (net of $2,878 and $2,043 allowance for credit losses, respectively) | 115,295 | 114,129 |
| Contract assets (net of $885 and $755 allowance for credit losses, respectively) | 299,219 | 260,061 |
| Inventory | 76,932 | 119,652 |
| Prepaid expenses and other current assets | 60,387 | 65,581 |
| Total current assets | 641,626 | 645,566 |
| Property and equipment (net of $662,554 and $578,644 accumulated depreciation, respectively) | 212,308 | 213,379 |
| Intangible assets (net of $265,684 and $217,582 accumulated amortization, respectively) | 430,030 | 356,572 |
| Goodwill | 1,012,355 | 999,913 |
| Deferred income tax assets | 653,629 | 725,032 |
| Deferred compensation plan assets | 50,346 | 47,436 |
| Investments in unconsolidated affiliates | 231,826 | 215,545 |
| Operating lease right-of-use assets | 29,252 | 39,530 |
| Other assets | 110,115 | 114,154 |
| Total assets | 3,371,487 | 3,357,127 |
| Liabilities and stockholders' equity | ||
| Accounts payable | 54,375 | 44,631 |
| Accrued expenses | 47,113 | 40,968 |
| Revenue share obligations | 262,288 | 245,395 |
| Accrued compensation and benefits | 60,591 | 93,638 |
| Deferred revenue | 24,311 | 30,463 |
| Line of credit and current portion of long-term debt | 216,546 | 153,053 |
| Other current liabilities | 50,574 | 47,183 |
| Total current liabilities | 815,463 | 753,137 |
| Deferred compensation plan obligations | 50,346 | 47,436 |
| Deferred consideration, less current portion | 0 | 28,702 |
| Operating lease liabilities, less current portion | 21,864 | 32,960 |
| Other liabilities | 47,202 | 42,574 |
| Total liabilities | 1,037,132 | 1,108,277 |
| Commitments and contingencies (Note 17) | ||
| Stockholders' equity: | ||
| Treasury stock, at cost; 6,429,375 shares at both June 30, 2023 and 2022, respectively | (250,129) | (250,129) |
| Additional paid-in capital | 2,178,134 | 2,166,047 |
| Retained earnings | 405,102 | 331,690 |
| Accumulated other comprehensive loss | (8) | (3) |
| Total stockholders' equity | 2,334,355 | 2,248,850 |
| Total liabilities and stockholders' equity | 3,371,487 | 3,357,127 |
| Nonrelated Party | ||
| Liabilities and stockholders' equity | ||
| Long-term debt, less current portion | 734 | 2,280 |
| Related Party | ||
| Liabilities and stockholders' equity | ||
| Current portion of notes payable to former limited partners | 99,665 | 97,806 |
| Long-term debt, less current portion | 101,523 | 201,188 |
| Class A Common Stock | ||
| Stockholders' equity: | ||
| Class A common stock, $0.01 par value, 500,000,000 shares authorized; 125,587,858 shares issued and 119,158,483 outstanding at June 30, 2023 and 124,481,610 shares issued and 118,052,235 outstanding at June 30, 2022 | $ 1,256 | $ 1,245 |
Premier, Inc., together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and document shredding. The segment is also involved in the provision of the ASCEND Collaborative service for members to receive group purchasing programs, tiers, and prices; SURPASS Collaborative service; STOCKD, an e-commerce platform; and PROVIDEGX program, which identifies supply sources for drugs that are on or may be at risk of being added to the national drug shortage list, or that are vulnerable to pricing volatility, as well as direct sourcing business. The Performance Services segment offers PremierConnect for members to address existing cost and quality imperatives, to manage a value-based care reimbursement model, and support their regulatory reporting framework; performance improvement collaboratives; and consulting and insurance management services, such as creation and management of health benefit programs under Contigo Health brand, as well as health systems and suppliers cost management solutions under Remitra brand. This segment's PremierConnect solutions are organized into six areas, such as Quality & Regulatory, Clinical Surveillance & Safety, Supply Chain & ERP, Operations, Enterprise Analytics, and Clinical Decision Support domains. The company also provides services to other businesses, including food service, schools, and universities. Premier, Inc. was incorporated in 2013 and is headquartered in Charlotte, North Carolina.