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Investigation announced for Investors in NASDAQ: PINC over possible Wrongdoing at Premier, Inc.

09-23-2020 07:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Premier, Inc. (NASDAQ: PINC) shares over potential wrongdoing at Premier, Inc.

An investigation on behalf of investors in Premier, Inc. (NASDAQ: PINC) shares over potential wrongdoing at Premier, Inc.

An investigation on behalf of investors in shares of Premier, Inc. (NASDAQ: PINC) was announced over potential breaches of fiduciary duties by certain officers and directors at Premier, Inc.

Investors who purchased shares of Premier, Inc. (NASDAQ: PINC) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Premier, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Charlotte, NC based Premier, Inc., together with its subsidiaries, operates as a healthcare improvement company in the United States. Premier, Inc. reported that its Total Revenue rose from over $1.45 billion for the 12 months period that ended on June 30, 2017 to over $1.66 billion for the 12 months period that ended on June 30, 2018, and that its Net Income over those respective time periods declined from $113.42 million to $33.3 million.

On September 25, 2019, a report was issued about Premier, Inc stating that "due to a unique pre-IPO restructuring agreement, [Premier] is temporarily generating twice the earnings which its business model can sustain organically." Noting that the contracts between Premier and its "member owner" hospitals were nearing expiration, the report asserted that "with most member owner equity now having vested, hospitals with expiring contracts are far less incented to remain with Premier at sub-market shareback rates" making them more likely to opt out rather than renew their contracts, which "would cause Premier to underperform FY22-23 consensus revenue by >26% and EBITDA by >50%."

Shares of Premier, Inc. (NASDAQ: PINC) declined to as low as $2.737 per share on October 3, 2019.

Those who purchased shares of Premier, Inc. (NASDAQ: PINC) have certain options and should contact the Shareholders Foundation.

Media Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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