OverviewSuggest Edit

Premier is a healthcare improvement company. The Company operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and document shredding services and software-as-a-service informatics products. The Performance Services segment offers PremierConnect for members to address existing cost and quality imperatives, help them manage a value-based care reimbursement model and support their regulatory reporting framework; and performance improvement collaborative, advisory, and government and insurance management services.

TypePublic
Founded1968
HQCharlotte, US
Websitepremierinc.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Jun 2019)2,200
Job Openings46
Revenue (FY, 2019)$1.2 B(-26%)
Share Price (Jun 2019)$37.9

Key People/Management at Premier

Andy Brailo

Andy Brailo

SVP
Chris Bailey

Chris Bailey

SVP
Leigh Anderson

Leigh Anderson

Chief Information Officer
Michael Alkire

Michael Alkire

COO
Susan DeVore

Susan DeVore

President, CEO
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Premier Office Locations

Premier has offices in Charlotte and Washington
Charlotte, US (HQ)
13034 Ballantyne Corporate Pl
Washington, US
444 North Capitol St NW
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Premier Financials and Metrics

Premier Revenue

Premier's revenue was reported to be $1.22 b in FY, 2019
USD

Revenue (FY, 2019)

1.2b

Gross profit (FY, 2019)

862.0m

Gross profit margin (FY, 2019), %

70.8%

Net income (FY, 2019)

284.1m

EBIT (FY, 2019)

368.5m

Market capitalization (10-Jun-2019)

2.3b

Closing stock price (10-Jun-2019)

37.9

Cash (30-Jun-2019)

141.1m

EV

2.2b
Premier's current market capitalization is $2.3 b.
Annual
usdFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

910.5m1.0b1.2b1.5b1.7b1.2b

Revenue growth, %

11%15%

Cost of goods sold

191.9m396.9m457.1m680.0m798.3m355.6m

Gross profit

718.7m610.1m705.5m774.6m863.0m862.0m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

270.8m291.7m298.7m313.3m358.5m379.8m390.6m425.3m401.5m421.9m422.9m

Cost of goods sold

109.1m112.6m112.1m138.5m176.0m177.2m191.4m203.5m189.0m198.7m204.0m

Gross profit

161.7m179.1m186.6m174.8m182.5m202.6m199.2m221.8m212.6m223.1m218.9m

Gross profit Margin, %

60%61%62%56%51%53%51%52%53%53%52%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

246.6m140.8m198.3m131.8m146.5m248.8m156.7m152.4m141.1m

Accounts Receivable

67.6m99.1m144.4m159.7m185.9m189.3m

Inventories

31.2m33.1m29.1m50.4m66.1m51.0m

Current Assets

422.1m553.2m462.9m408.8m428.6m614.0m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

1.0158.1m152.0m94.5m129.6m155.6m109.8m157.4m238.4m156.0m218.9m236.2m132.1m149.4m142.4m110.6m137.5m

Accounts Receivable

62.0m68.7m72.3m81.0m86.8m101.2m116.1m125.1m129.0m144.5m181.1m162.2m173.9m174.1m182.3m197.4m206.6m

Inventories

31.9m30.2m29.3m34.7m65.7m48.8m29.8m57.2m68.2m70.0m64.8m

Current Assets

250.9m358.1m395.0m426.6m509.6m525.2m363.5m386.8m453.3m384.0m514.0m494.3m393.9m405.6m626.2m614.2m635.0m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

332.6m234.8m235.2m449.5m257.6m284.1m

Depreciation and Amortization

39.8m54.3m84.2m107.2m126.8m140.2m

Inventories

(8.1m)(12.2m)3.9m(16.3m)(15.7m)1.6m

Accounts Payable

Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(198.3k)164.0m266.0m64.9m130.7m202.7m52.3m113.2m184.8m58.1m304.3m375.6m60.6m156.9m82.0m186.8m260.6m

Depreciation and Amortization

9.0m18.9m29.1m11.2m25.6m39.7m17.9m39.4m61.2m23.2m48.6m77.8m30.4m94.0m34.1m69.7m106.0m

Inventories

(3.4m)(6.5m)(1.7m)(6.9m)(9.0m)1.2m2.8m3.8m(827.0k)(31.8m)(14.7m)29.8m(6.8m)(2.1m)(3.9m)1.4m

Accounts Payable

36.3m25.8m26.4m43.9m70.2m31.0m47.4m
USDY, 2019

EV/EBIT

12.3 x

EV/CFO

9 x

Revenue/Employee

553.5k

Financial Leverage

-3 x
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Premier Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Stanson HealthNovember 07, 2018$52 m

Premier Online and Social Media Presence

Embed Graph

Premier News and Updates

Oxervate, collyre en solution, est approuvée aux Etats-Unis : Premier médicament biotechnologique issu des recherches de Dompé, produit en Italie, elle est indiquée dans le traitement de la kératite neurotrophique

PARIS, August 23, 2018 /PRNewswire/ -- - Le développement de la cénégermine est le fruit de dizaines d'années de recherches italiennes issues des travaux menées par Rita Levi Montalcini, lauréate du Prix Nobel de médecine pour la découverte du facteur de croissance des cellules nerveuses...

Government Video Expo Partners With FGDLA, SMPTE, and FMC for Premier Co-Located Video & AV Production Training Event

NEW YORK, Aug. 23, 2018 /PRNewswire/ -- Future plc, the leading information and event producer for professional communications, entertainment and education technology markets, has announced partnerships with three leading media and technology organizations for the 23rd Annual Government...

FansUnite Entertainment Inc. Signs Technology Partnership With 2016 English Premier League Champions Leicester City FC

…Victory Square Technologies portfolio company to connect with fans of The Foxes on targeted promotions and co-branded activations …Victory Square Technologies portfolio company to connect with fans of The Foxes on targeted promotions and co-branded activations

Realtors® Host Premier Tech Summit in San Francisco, August 29-30

WASHINGTON, Aug. 21, 2018 /PRNewswire/ -- Over 400 innovators, investors and Realtors® will gather in San Francisco August 29-30 for the National Association of Realtor®'s inaugural Innovation, Opportunity & Investment Summit, to debate, discuss and collaborate on real estate's most...

Vajpayee was 'outstanding politician': Chinese Premier

Chinese Premier Li Keqiang has described former Prime Minister Atal Bihari Vajpayee as an "outstanding politician" who made significant contribution to development of the Sino-Indian relations and expressed condolences over his death. Vajpayee, one of India's most charismatic leaders and inspiration…

Chinese Premier Li hopes Imran Khan will further "all weather" Sino-Pak friendship

Chinese Prime Minister Li Keqiang today telephoned Pakistan's new Prime Minister Imran Khan to congratulate him and hoped that the "all-weather" friendship between the two countries would further strengthen under his leadership. According to a press release issued from Prime Minister House here, the…
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Premier Frequently Asked Questions

  • When was Premier founded?

    Premier was founded in 1968.

  • Who are Premier key executives?

    Premier's key executives are Andy Brailo, Chris Bailey and Leigh Anderson.

  • How many employees does Premier have?

    Premier has 2,200 employees.

  • What is Premier revenue?

    Latest Premier annual revenue is $1.2 b.

  • What is Premier revenue per employee?

    Latest Premier revenue per employee is $553.5 k.

  • Who are Premier competitors?

    Competitors of Premier include Kaufman, Hall & Associates, Vizient and Health Care Service Corporation.

  • Where is Premier headquarters?

    Premier headquarters is located at 13034 Ballantyne Corporate Pl, Charlotte.

  • Where are Premier offices?

    Premier has offices in Charlotte and Washington.

  • How many offices does Premier have?

    Premier has 2 offices.