Premier shares are trading higher after the company announced that it will divest its non-healthcare GPO operations for approximately $800 million.
Portfolio Pulse from Benzinga Newsdesk
Premier Inc. announced it will divest its non-healthcare GPO operations for approximately $800 million, causing its shares to trade higher.
June 15, 2023 | 3:53 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Premier Inc.'s shares are trading higher after announcing the divestiture of its non-healthcare GPO operations for $800 million.
The divestiture of Premier Inc.'s non-healthcare GPO operations for $800 million is a significant event for the company. This transaction will likely result in an influx of cash, which could be used for further investments, debt reduction, or shareholder returns. As a result, the share price is trading higher, reflecting the positive market sentiment towards this announcement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100