Acquisition AgreementPremier announced that it had agreed to be acquired for $28.25 per share by Patient Square Capital in an all-cash deal, representing a 24% premium to the 60-day volume-weighted average price.
Cost Reduction InitiativesMargins will also benefit from a $40M reduction in annual operating expense in the June quarter.
Strong Financial PerformancePremier ended its June FY25 year on a strong note, with solid growth in Supply Chain gross administrative fee revenue, margin outperformance and, most importantly, notable acceleration in Performance Services sales conversion with four large deals signed and an active opportunity pipeline.