Spruce Point Capital Management Releases A Strong Sell Research Opinion On Premier, Inc. (Nas: PINC)
Premier, Inc. - Class A (PINC)
Last premier, inc. - class a earnings: 2/4 07:00 am
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US:NASDAQ Investor Relations:
investors.premierinc.com/overview/default.aspx
Company Research
Source: PR Newswire
NEW YORK, Sept. 25, 2019 /PRNewswire/ -- Report entitled "A Premier Short" outlines how Premier, Inc. faces 55-75% downside risk to approximately $8 to $15 per share. The report explores the potential devastating financial impact to Premier of two upcoming contract renewal periods where Spruce Point believes common sense and basic stewardship will dictate that member owners will significantly renegotiate their shareback rates to market levels now that their equity in Premier is fully vested.- Unique Pre-IPO Restructuring Skews Company Economics: Premier was mutually owned by its member owner hospitals prior to its 2013 IPO. To free up cash for Premier to invest in ancillary services, these hospitals agreed to accept sharebacks of 30% – less than half the market rate of 60-75% – in exchange for equity in Premier and modest tax-related distributions. These agreements were structured to last only five or seven years. While most member owners signed to five-year deals renewed their agree
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PINC
Earnings
- 11/5/24 - Beat
PINC
Sec Filings
- 12/20/24 - Form 144
- 12/17/24 - Form 144
- 12/12/24 - Form 4
- PINC's page on the SEC website