Avondale Partners Upgrades Premier, Inc. (PINC) to Market Outperform
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November 10, 2015 9:14 PM EST
CHARLOTTE, N.C., Nov. 10, 2015 (GLOBE NEWSWIRE) -- Premier, Inc. (Nasdaq: PINC) today priced an underwritten public offering of 4,033,198 shares of Class A common stock at $34.50 per share on behalf of certain selling member-owner stockholders who elected to participate in the offering, as contemplated by a registration rights agreement executed in connection with Premier's initial public offering.
BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities acted as joint book-running managers for the offering.
The offering will be made only by means of a... More
November 9, 2015 4:06 PM EST
CHARLOTTE, N.C., Nov. 09, 2015 (GLOBE NEWSWIRE) -- Premier, Inc. (NASDAQ: PINC) today reported financial results for the fiscal 2016 first quarter ended September 30, 2015. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
First-Quarter Highlights:
Net revenue increased 18% to $270.8 million from the same period last year; Supply Chain Services segment revenue rose 15% and Performance Services segment revenue increased 26%.Adjusted EBITDA* increased 16% to $105.0 million from the same period last year.Adjusted fully distributed net income* increased 17% to $56.0 million, or $0.38 on a fully diluted per-share basis, from the same period a year ago. GAAP net income was $52.3 million, compared with $64.9 million...
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