Brief: Premier To Divest Non-Healthcare GPO Operations For About $800 Mln In Cash

Premier

14/06/2023 21:40

June 14 (Reuters) - Premier Inc  PINC.O :
    * PREMIER, INC. TO DIVEST NON-HEALTHCARE GPO OPERATIONS FOR
APPROXIMATELY $800 MILLION IN CASH
    * PREMIER INC - FOLLOWING CLOSE OF TRANSACTION, OMNIA WILL
BECOME
PRIMARY GPO FOR PREMIER'S NON-HEALTHCARE MEMBERS
    * PREMIER INC - TRANSACTION IS NOT EXPECTED TO HAVE AN
IMPACT ON
PREMIER'S FULL-YEAR FISCAL 2023 FINANCIAL RESULTS
    * PREMIER INC - TRANSACTION WILL HAVE NO IMPACT ON PREMIER'S
HEALTHCARE BUSINESSES
    * PREMIER INC - WILL MAINTAIN ALL EXISTING HEALTHCARE
CONTRACTS,
SERVICES, SOLUTIONS AND PROGRAMS
    * PREMIER INC- FOLLOWING CLOSE OF TRANSACTION, OMNIA WILL
BECOME
PRIMARY GPO FOR PREMIER'S NON-HEALTHCARE MEMBERS
    * PREMIER INC- TRANSACTION WILL HAVE NO IMPACT ON PREMIER'S
HEALTHCARE BUSINESSES
    * PREMIER INC - ENTERED INTO A DEFINITIVE AGREEMENT WITH
OMNIA
PARTNERS TO DIVEST NON-HEALTHCARE GPO OPERATIONS

Source text for Eikon:  ID:nBw6hRF1Xa 
Further company coverage:  PINC.O 

 ((Reuters.Briefs@thomsonreuters.com;))