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Stock impact report

Premier Inc. to Exit Specialty Pharmacy Business

Premier, Inc. - Class A (PINC) 
Last premier, inc. - class a earnings: 2/4 07:00 am Check Earnings Report
Company Research Source: Business Wire
Move reinforces strategic focus on core businesses Consolidated non-GAAP adjusted EBITDA margin expected to increase to approximately 45% from its recent 34% level Related impairment and exit-cost charges expected to be recorded in current quarter CHARLOTTE, N.C.--(BUSINESS WIRE)-- Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, is exiting its specialty pharmacy business to enhance the company’s focus on the continuing evolution of its core supply chain, enterprise analytics and performance improvement capabilities. On May 6, 2019, certain of Premier’s consolidated subsidiaries entered into a definitive asset purchase and sale agreement with ProCare Pharmacy, L.L.C., a subsidiary of CVS Health Corporation, under which Premier will sell certain assets related to its specialty pharmacy business for $22.5 million, plus up to an add Show less Read more
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