Increased Adjusted EPS Guidance
Premier increased its adjusted earnings per share guidance due to better than expected performance in the Supply Chain Services segment.
Successful Transition of Digital Supply Chain Strategy
Premier announced the successful transition of its digital supply chain strategy beyond the pilot phase, marked by the signing of its first agreement with a major partner.
New Leadership in Performance Services
David Zito joined as the new President of Performance Services, bringing 40 years of healthcare consulting expertise.
Free Cash Flow Increase
Free cash flow of $74 million increased by $33 million from the prior year, driven by cash received from a derivative lawsuit settlement and a distribution from a minority investment.
Share Repurchase Program
Premier repurchased over 29 million shares of Class A common stock for $600 million as part of its $1 billion authorization.