Premier, Inc. Enters Partnership With Prestige Ameritech; Divests Ownership Position In S2S Global
Portfolio Pulse from Benzinga Newsdesk
Premier, Inc. has entered a partnership with Prestige Ameritech, exchanging its holdings in S2S Global for a 20% minority interest in Prestige. This increases Premier's total ownership in Prestige to approximately 24.2%.
October 01, 2024 | 10:32 am
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Premier, Inc. has divested its ownership in S2S Global in exchange for a 20% minority interest in Prestige Ameritech, increasing its total ownership in Prestige to 24.2%.
The divestment of S2S Global and acquisition of a minority stake in Prestige Ameritech is a strategic move for Premier, Inc., potentially enhancing its market position and influence in the healthcare supply chain. This partnership could lead to positive investor sentiment and a short-term increase in stock price.
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