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Premier Inc (Premier) is a healthcare solutions company. It is an alliance of hospitals, health systems, physicians and other healthcare providers and organisations in the US. The alliance enables the owners to share services and programs aimed at improving the quality and cost-effectiveness of clinical operations. Using its technology-enabled platform, Premier provides crucial supply chain services, clinical, financial, operational, and population health software-as-a-service (SaaS) informatics products, advisory services and performance improvement collaborative programs. The company operates a purchasing network and also maintains clinical, financial and outcomes databases. Premier is headquartered in Charlotte, North Carolina, the US.
Headquarters
United States of America
Address
13034 Ballantyne Corporate Place, Charlotte, North Carolina, 28277
Website
www.premierinc.com
Telephone
1 704 3570022
No of Employees
2,600
Industry
Business and Consumer Services
Ticker Symbol & Exchange
PINC (NASD)
Revenue (2023)
$1.4B
32.4%
(2023 vs 2022)
EPS
XXX
Net Income (2023)
XXX
120.6%
(2023 vs 2022)
Market Cap*
$3.9B
Net Profit Margin (2022)
XXX
66.6%
(2023 vs 2022)
* As of and is in US$
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Products and Services
| Services | Brands |
|---|---|
| Healthcare Improvement Solutions for: | Pinc AI |
| Supply chain | S2S Global |
| Quality | Contigo Health |
| XXX | XXX |
| XXX | XXX |
| XXX | XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Contracts/Agreements | In December, the company and Quest Diagnostics awarded a group purchasing agreement for its laboratory stewardship solution to take advantage of special pricing and terms pre-negotiated by Premier to access Quest's laboratory stewardship solutions. |
| 2022 | Contracts/Agreements | In November, the company awarded a national group purchasing agreement for the Artificial Intelligence Solutions for Healthcare Category with Arterys. |
| 2022 | Acquisitions/Mergers/Takeovers | In October, the company's subsidiary, Contigo Health LLC, announced the acquisition of key assets from TRPN Direct Pay Inc and Devon Health Inc. |
Competitor Comparison
| Key Parameters | Premier Inc | McKesson Corp | Owens & Minor Inc | Patterson Companies Inc | Magellan Health Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Charlotte | Irving | Mechanicsville | Saint Paul | Phoenix |
| State/Province | North Carolina | Texas | Virginia | Minnesota | Arizona |
| No. of Employees | 2,600 | 58,000 | 6,900 | 7,700 | 9,000 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael J. Alkire | Chief Executive Officer; President; Director | Executive Board | 2021 | 59 |
| Craig S. McKasson | Chief Administrative Officer; Chief Financial Officer; Senior Vice President | Senior Management | 2019 | 55 |
| Kaycee Kalpin | Chief Marketing Officer | Senior Management | - | - |
| Dr. Jessica Daley | Chief - Pharmacy Officer; Vice President - Strategic Sourcing | Senior Management | - | - |
| Joe Machicote | Chief Diversity and Inclusion Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
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