CHARLOTTE, N.C., Feb. 4, 2015 (GLOBE NEWSWIRE) — Premier, Inc. (Nasdaq:PINC) announced today that it has purchased the remaining 40 percent interest in SVS, LLC d/b/a S2S Global, that it did not already own, for $14.5 million.
S2S Global operates Premier’s direct sourcing business, which benefits Premier members by reducing supply chain costs and providing a greater impact on product flow, pricing and quality under the PremierPro™ brand.
Premier purchased 60 percent interest in S2S Global in December 2011 to deliver increased value to its alliance.
About Premier, Inc.
Premier, Inc. (Nasdaq:PINC) is a leading healthcare improvement company, uniting an alliance of approximately 3,400 U.S. hospitals and 110,000 other providers to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and advisory and other services, Premier enables better care and outcomes at a lower cost. Premier, a Malcolm Baldrige National Quality Award recipient, plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. Please visit Premier’s news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram, Foursquare and Premier’s blog for more information about the company.
Press contact:
Morgan Bridges-Guthrie
Manager, Public Relations, Premier, Inc.
704.816.4152
Morgan_Bridges@PremierInc.com
Investor relations contact:
Jim Storey
Vice President, Investor Relations, Premier, Inc.
704.816.5958
jim_storey@premierinc.com
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