Premier (PINC) Enters Into $200 Million Accelerated Share Repurchase Program

Premier, Inc. (NASDAQ: PINC), a leading technology-driven healthcare improvement company, today announced that it has entered into accelerated share repurchase agreements with JPMorgan Chase Bank, National Association (“JPMorgan”) to repurchase an aggregate of $200 million of shares of its Class A common stock (the “ASR program”). The ASR program was authorized under the Company’s $1.0 billion share repurchase authorization approved by the Company’s Board of Directors (the “Board”) in February 2024 (the “Share Repurchase Authorization”).

Under the terms of the ASR program, the Company will make a payment of $200 million to JPMorgan, and by February 19, 2025, will receive from JPMorgan initial deliveries of approximately 9 million shares of common stock, or $160 million worth, based on the closing price on February 14, 2025. The final settlement of the ASR program is expected to be completed no later than the first quarter of the Company’s 2026 fiscal year. The Company is funding the share repurchases using borrowings under its existing credit facility.

Since the Board approved the Share Repurchase Authorization in February 2024, the Company has repurchased $600 million of shares of its common stock through a $400 million accelerated share repurchase transaction completed in July 2024 and $200 million of open market repurchases completed in January 2025.

The timing, volume and manner of other repurchases, if any, under the Share Repurchase Authorization will be determined based on market conditions, the market price of the common stock, applicable legal requirements, potential alternative opportunities for investment of capital and other factors. The authorization as approved by the Board does not require the Company to repurchase any specific number of shares of common stock and may be modified, suspended or discontinued at any time without notice.

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