PINC - Healthcare Purchasing Network Premier Launches $1B Share Buyback Program Concludes Strategic Review Process After Q2 Performance | Benzinga
On Monday, Premier Inc (NASDAQ:PINC) announced it had concluded its exploration of strategic alternatives, and the board has approved a new $1.0 billion share repurchase authorization.
Repurchases may occur from time to time through June 30, 2025. Under the share repurchase authorization, the company has entered into an accelerated share repurchase agreement with Bank of America to repurchase an aggregate of $400 million.
As part of its review process, the company seeks partners for some or all of Premier’s holdings in Contigo Health, a subsidiary focused on providing comprehensive services that optimize employee ...