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Sarasota Developer Builds on the Legacy of Jupiter's Premier Private Club
Prnewswire· 2025-05-15 23:00
SARASOTA, Fla., May 15, 2025 /PRNewswire/ -- 1000 NORTH Sarasota is proud to announce it has selected First Horizon Bank (NYSE: FHN), a leading financial institution with a deep commitment to Florida's growth and community development, as its financing partner for the development of a new dining club and wine attic lounge concept. This important milestone advances the construction of Sarasota's most anticipated private dining club, set to open in late 2025."As a community-focused bank, we are thrilled to be ...
Premier (PINC) 2025 Conference Transcript
2025-05-13 17:20
Summary of Premier (PINC) 2025 Conference Call Company Overview - **Company**: Premier Inc. (PINC) - **Date of Conference**: May 13, 2025 - **Speakers**: Mike Alkire (President and CEO), Glenn Coleman (Chief Administrative and Financial Officer) Key Industry Insights - **Healthcare Provider Challenges**: The healthcare sector is facing significant labor shortages, particularly in nursing and essential technical roles, exacerbated by resignations during COVID-19 [3][4] - **Impact of Tariffs**: Hospitals are anticipating a 6% to 7% increase in costs due to tariffs, which they cannot absorb given their operating margins [9][10] - **Medicaid Cuts**: Potential Medicaid cuts could have an $80 billion impact on healthcare systems, necessitating structural realignment within these organizations [4][5] Company Positioning and Strategy - **Technological Investments**: Premier has invested in technology to assist healthcare systems in performance improvement, cost management, and operational efficiency [5][6] - **Integration with Workflows**: The company has developed capabilities to integrate its services into the workflows of healthcare providers, enhancing patient treatment processes [6][8] - **Tariff Management Tools**: Premier has created tools to help members understand the sourcing of products and the impact of tariffs, providing options to mitigate costs [7][11] Financial Performance and Projections - **Supply Chain Services Growth**: The supply chain services segment has shown a 3.5% growth year-to-date, with significant opportunities for further contract penetration [24][26] - **Fee Structure**: The aggregate blended fee share is expected to rise from the low 60s to the high 60s by the end of fiscal year 2026 [23] - **Performance Services**: The performance services segment has outperformed expectations, particularly in enterprise licenses, indicating strong momentum [48][49] Competitive Landscape - **Market Competition**: The environment remains competitive, with several key players in the industry. Premier differentiates itself through technology and data access, leveraging insights from 45% of all hospital discharges in the U.S. [33][36] - **Opportunities in Contract Compliance**: There are untapped opportunities in purchased services and physician preference items, which Premier aims to address [28][29] Capital Deployment and Future Outlook - **Focus on Growth**: The company emphasizes growth through organic investments and potential acquisitions, particularly in clinical decision support and AI capabilities [57][60] - **Share Buybacks**: Premier has conducted significant share buybacks, totaling $800 million over the past 18 months, but plans to pause these to focus on growth initiatives [61][62] - **Positive Cash Flow**: The company anticipates a $100 million increase in cash flow starting in July, which will support future growth strategies [58][59] Additional Considerations - **Advisory Capabilities**: New leadership has enhanced Premier's advisory capabilities, focusing on performance improvement and revenue cycle management [42][54] - **Long-term Growth Potential**: The company is optimistic about its trajectory heading into fiscal year 2026, expecting better performance compared to the current year [53][55]
Premier, Inc. named as data source in HealthVerity Marketplace™ to expand real-world data access for life sciences research
Prnewswire· 2025-05-13 12:30
Integration delivers high-value datasets including chargemaster, laboratory results and EMR data to accelerate clinical and commercial insightsPHILADELPHIA, May 13, 2025 /PRNewswire/ -- HealthVerity, the leader in real-world data (RWD) technology and privacy-compliant data exchange, today announced the addition of Premier, Inc. (NASDAQ: PINC) to HealthVerity Marketplace™, meaning life sciences organizations using HealthVerity Marketplace™ can now access Premier's high-quality, healthcare data to support res ...
Premier(PINC) - 2025 Q3 - Quarterly Results
2025-05-07 20:39
Exhibit 99.1 Premier, Inc. Reports Fiscal-Year 2025 Third-Quarter Financial Results CHARLOTTE, N.C., May 6, 2025 - Premier, Inc. (NASDAQ: PINC), a leading technology-driven healthcare improvement company, today reported financial results for the fiscal-year 2025 third quarter ended March 31, 2025. Fiscal-year 2025 third quarter total net revenue of $261.4 million decreased 9% from the prior-year period, but increased 9% from the fiscal-year 2025 second quarter. Net income from continuing operations was $27. ...
Lamar Expands Northeast Footprint With Premier Outdoor Acquisition
ZACKS· 2025-05-06 16:45
Lamar Advertising Company (LAMR) , a leader in the out-of-home (OOH) advertising industry, has announced the acquisition of Premier Outdoor Media’s assets, marking a strategic expansion across the Northeast Corridor. The all-cash transaction bolsters Lamar’s already significant national footprint with nearly 200 additional billboard faces, including 45 digital units, in key markets spanning New Jersey, Delaware, Maryland, Pennsylvania and New York. Financial terms of the transaction were not disclosed.Found ...
Premier (PINC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-05-06 14:36
Premier, Inc. (PINC) reported $261.38 million in revenue for the quarter ended March 2025, representing a year-over-year decline of 23.7%. EPS of $0.44 for the same period compares to $0.55 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $238.88 million, representing a surprise of +9.42%. The company delivered an EPS surprise of +41.94%, with the consensus EPS estimate being $0.31.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...
Premier(PINC) - 2025 Q3 - Earnings Call Transcript
2025-05-06 13:02
Premier (PINC) Q3 2025 Earnings Call May 06, 2025 08:00 AM ET Company Participants Benjamin Krasinski - Director, Investor RelationsMichael Alkire - President & CEOGlenn Coleman - CFO & CAOKevin Caliendo - Managing Director Conference Call Participants Eric Percher - Research Analyst - Pharma Supply Chain and HCITMichael Cherny - Senior Managing Director & Senior Research AnalystJessica Tassan - Senior Equity Research AnalystAllen Lutz - AnalystJay Lewis - Equity Research Analyst Operator Good morning, and ...
Premier, Inc. (PINC) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2025-05-06 12:45
Premier, Inc. (PINC) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 41.94%. A quarter ago, it was expected that this company would post earnings of $0.29 per share when it actually produced earnings of $0.27, delivering a surprise of -6.90%.Over the last four quarters, the company ha ...
Premier(PINC) - 2025 Q3 - Earnings Call Transcript
2025-05-06 12:00
Premier (PINC) Q3 2025 Earnings Call May 06, 2025 08:00 AM ET Speaker0 Good morning, and welcome to Premier's Fiscal twenty twenty five Third Quarter Conference Call. All participants will be in a listen only mode. Please note this event is being recorded. I would now like to turn the call over to Ben Krasinski, Senior Director, Investor Relations. Please go ahead. Speaker1 Thank you, and welcome to Premier's fiscal year twenty twenty five third quarter conference call. Our speakers this morning are Mike Al ...
Premier(PINC) - 2025 Q3 - Quarterly Report
2025-05-06 11:53
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36092 Premier, Inc. (Exact name of registrant as specified in its charter) Delaware 35-2477140 (State or other jurisdiction of ...