Premier, Inc. To Divest Non-Healthcare GPO Operations For ~$800M In Cash
Portfolio Pulse from Benzinga Newsdesk
Premier, Inc. (NASDAQ: PINC) has entered into a definitive agreement to divest its non-healthcare GPO operations to OMNIA Partners for approximately $800 million in cash. The transaction is expected to close by early August 2023.
June 14, 2023 | 8:31 pm
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Premier, Inc. is divesting its non-healthcare GPO operations to OMNIA Partners for $800 million in cash, which could unlock significant stockholder value.
The divestiture of non-healthcare GPO operations allows Premier, Inc. to focus on its core healthcare businesses, which could drive growth and unlock stockholder value. The $800 million cash proceeds from the transaction could be used to accelerate the return of capital to stockholders, positively impacting the stock price in the short term.
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