Premier rakes in $760M from IPO
Company shares up 13 percent
Premier, Inc. saw company shares jump Thursday after its initial public offering of company stock brought in $760 million.
The Charlotte, N.C.-based healthcare improvement alliance announced the $27 per share pricing of its 28.2 million share IPO Thursday morning.
The company's stock, trading under PINC, is up more than 13 percent.
With the aim of helping hospitals and health systems provide better patient care while reducing costs, the Premier healthcare alliance includes 2,900 hospitals and 100,000 alternate sites.
NASDAQ officials welcomed the company's IPO move.
[See also: Premier steps up on population health.]
"Premier has consistently been an innovative company dedicated to improving the health of communities throughout the United States," said Nelson Griggs, senior vice president, NASDAQ OMX Corporate Client Group, in a Sept. 26 news release. "NASDAQ is proud to welcome Premier to The NASDAQ Global Select Market and looks forward to their continued success in the future."