Premier (PINC) Tops Q2 EPS by 6c

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Go back to Premier (PINC) Tops Q2 EPS by 6c

Premier (PINC) Reports Acquisition of Acurity and Nexera Businesses from Greater New York Hospital Association

February 4, 2020 7:06 AM EST

Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, today announced that it has entered into a definitive agreement to acquire substantially all the assets and certain liabilities of Acurity, Inc. and Nexera, Inc., two indirect wholly owned subsidiaries of the Greater New York Hospital Association (GNYHA), for approximately $291.5 million, comprised of approximately $166.1 million in cash at close and additional estimated deferred payments of $125.4 million.

Acurity, a regional group purchasing organization (GPO), has been a customer and strategic partner of Premier for more than 24 years. With members comprising more than 300 hospitals and 2,700 health-related facilities, Acurity... More