Premier, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 05, 2024 at 04:30 pm EST
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Premier, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported revenue was USD 334.75 million compared to USD 359.63 million a year ago. Net income was USD 54.3 million compared to USD 64.05 million a year ago. Basic earnings per share from continuing operations was USD 0.45 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.45 compared to USD 0.54 a year ago.
For the six months, revenue was USD 653.5 million compared to USD 673.5 million a year ago. Net income was USD 99.06 million compared to USD 106.76 million a year ago. Basic earnings per share from continuing operations was USD 0.83 compared to USD 0.9 a year ago. Diluted earnings per share from continuing operations was USD 0.82 compared to USD 0.89 a year ago.
Premier, Inc. is a healthcare improvement company uniting an alliance of approximately 4,350 United States hospitals and health systems and approximately 300,000 other providers and organizations. It operates through two segments: Supply Chain Services and Performance Services. The Supply Chain Services segment includes the Companyâs group purchasing organizations (GPO), supply chain co-management, purchased services, and direct sourcing activities. The Performance Services segment consists of three sub-brands, which include PINC AI, the Companyâs technology and services platform; Contigo Health, the Companyâs direct-to-employer business; and Remitra, the Companyâs digital invoicing and payables business. It delivers technology-enabled platform that offers critical supply chain services, clinical, financial, operational and value-based care software as a service (SaaS) as well as clinical and enterprise analytics licenses, consulting services, and third-party administrator services.
PREMIER, INC. 
