Premier rakes in $760M from IPO

Company shares up 13 percent
By Erin McCann
01:19 PM
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. 
 
 
"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."
Want to get more stories like this one? Get daily news updates from Healthcare IT News.
Your subscription has been saved.
Something went wrong. Please try again.