INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Premier, Inc.
Premier, Inc. - Class A (PINC)
Last premier, inc. - class a earnings: 2/4 07:00 am
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US:NASDAQ Investor Relations:
investors.premierinc.com/overview/default.aspx
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Premier, Inc. (“Premier” or the “Company”) (NASDAQ: PINC). This investigation concerns whether Premier has violated federal securities laws and/or engaged in other unlawful business practices.On September 25, 2019, Spruce Point Capital Management, LLC issued a report arguing that “due to a unique pre-IPO restructuring agreement, [Premier] is temporarily generating twice the earnings which its business model can sustain organically.” Specifically, in exchange for rights to Premier equity, “member owner” hospitals agreed to five or seven-year contracts with administrative fee rebates at roughly half the rate they could get from competitors. However, “with most member owner equity now having vested, hospitals with expiring contracts are far less incented to remain with Premier at sub-market shareback rates” and are likely to opt out rather than renew their contracts, which “would
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Earnings
- 2/5/24 - Beat
PINC
Analyst Actions
- 2/26/24 - Leerink Partners
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Sec Filings
- 4/16/24 - Form 8-K
- 2/13/24 - Form SC
- 2/7/24 - Form 8-K
- PINC's page on the SEC website