Premier Inc Board Concludes Strategic Review Process; Board Authorizes $1B Buyback And Says It Will Seek Partners To Take Ownership Of Some Or All Of Its Holdings In Contigo Health And S2S Global
Portfolio Pulse from Benzinga Newsdesk
Premier Inc's Board has concluded its strategic review process, authorizing a $1B stock buyback program. Additionally, the company is exploring partnerships to potentially transfer ownership of its holdings in Contigo Health and S2S Global.

February 05, 2024 | 9:35 pm
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Premier Inc has authorized a $1B stock buyback and is seeking partnerships for its holdings in Contigo Health and S2S Global.
The authorization of a $1B stock buyback program typically signals a company's confidence in its own future prospects, often leading to a positive investor sentiment and potentially a rise in stock price. The strategic decision to seek partnerships for holdings in Contigo Health and S2S Global indicates a focus on optimizing assets and could lead to positive financial outcomes depending on the terms and partners involved. Both actions suggest a proactive management approach to enhance shareholder value.
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