Premier up on deal to sell non-healthcare operations for $800 mln
15/06/2023 15:12
** Healthcare services provider Premier Inc's PINC.O
shares up 6% at $27.40
** Co says it has agreed to sell certain non-healthcare
operations to Omnia Partners for about $800 million in cash
** Co had announced last month it was evaluating potential
strategic alternatives
** The deal is expected to close by early August and is
unlikely to have any impact on Premier's FY results - company
** PINC aggregates purchase of equipment and supplies for
hospitals, nursing homes and other healthcare providers
** Including session's gain, stock fell ~21% YTD
(Reporting by Pratik Jain in Bengaluru)
((Pratik.Jain@thomsonreuters.com;))