Strong Sequential Revenue Growth
Net revenue of $261 million for the third quarter grew $21 million sequentially compared to Q2. Adjusted EBITDA excluding Contigo Health was $73 million, representing a sequential improvement of $21 million, achieving the highest quarterly margin of this fiscal year at 28.4%.
Accelerated Share Repurchase Program
Premier initiated a $200 million accelerated share repurchase program during the quarter, resulting in the receipt of 9 million shares, with expectations for final settlement by fiscal Q1 2026.
Supply Chain Services Performance
The Supply Chain Services segment performed above expectations, with gross administrative fees growing 3.5% over the prior year period, driven by higher contract penetration and onboarding new members.
Strategic Partnership with Epic
Premier announced a strategic partnership with Epic, aiming to launch a documentation and coding solution by late 2025, expanding Premier's reach to Epic's vast customer base.
Dividend Declaration
Premier's Board declared a dividend of $0.21 per share payable in June, with a total of $60 million returned in dividends in the first nine months of fiscal year 2025.