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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100