Tranche Update on Premier, Inc.'s Equity Buyback Plan announced on August 5, 2021.
November 02, 2021 at 04:54 pm
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From August 5, 2021 to September 30, 2021, the company has repurchased 1,091,362 shares, representing 0.89% for $42.61 million. With this, the company has completed the repurchase of 1,091,362 shares, representing 0.89% for $42.61 million under the buyback announced on August 5, 2021.
Premier, Inc. is a healthcare improvement company uniting an alliance of approximately 4,350 United States hospitals and health systems and approximately 300,000 other providers and organizations. It operates through two segments: Supply Chain Services and Performance Services. The Supply Chain Services segment includes the Companyâs group purchasing organizations (GPO), supply chain co-management, purchased services, and direct sourcing activities. The Performance Services segment consists of three sub-brands, which include PINC AI, the Companyâs technology and services platform; Contigo Health, the Companyâs direct-to-employer business; and Remitra, the Companyâs digital invoicing and payables business. It delivers technology-enabled platform that offers critical supply chain services, clinical, financial, operational and value-based care software as a service (SaaS) as well as clinical and enterprise analytics licenses, consulting services, and third-party administrator services.