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Premier Inc
Premier Inc is a healthcare improvement company uniting an alliance of approximately 4,100 U.S. hospitals and health systems and more than 200,000 other provider organizations. Premier enables better care and outcomes at a lower cost for healthcare providers, and strives to improve the health of communities.
Premier has been publically traded on the NASDAQ stock exchange since 2013, under the ticker symbol "PIN". The company's headquarters is located in Charlotte, North Carolina.
Premier's business model includes providing supply chain solutions, performance improvement tools and data analytics, and consulting services to its member hospitals and health systems. This includes group purchasing, which allows members to aggregate their purchasing power to negotiate lower prices for medical supplies and other products and services. Additionally, Premier offers a variety of technology-enabled services, such as revenue cycle management, clinical surveillance, and telehealth.
Premier's financials for the most recent fiscal year ended June 30, 2022, the company reported revenues of $3.6 billion, an increase of 11% compared to the prior year. The company's net income for the year was $186.5 million, an increase of 12% compared to the prior year.
Please note that the information is provided based on publicly available data and for general informational purposes only, and it is not intended as investment advice. It is recommended to consult with a financial advisor before making any investment decision.