Premier, Inc.

premierinc.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2026 10-Q, filed Nov 4, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Jan 21, 2026.

The sections below describe the company as of the FY2025 annual report.

What Did They Do?

Provides data and analytics, supply-chain services, and consulting to hospitals, health systems, and other healthcare providers.

How Did They Make Money?

Suppliers pay fees based on members’ purchases; other customers pay for hosted-software subscriptions and licenses, and consulting services.

FY2025 revenue

Who Were Their Customers?

Healthcare providers join its group purchasing organization and use its data, software, consulting, and supply-chain services; it also works with healthcare suppliers, payers, and life-sciences organizations.

Did Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in FY2025 and turned 31 cents into free cash flow.

Operating income, FY2025

0% of revenue

▼ −99% vs FY2024 ($126.6M, 11%)

Net income, FY2025

3% of revenue

▼ −71% vs FY2024 ($106.7M, 9%)

Free cash flow, FY2025

31% of revenue

▲ +48% vs FY2024 ($215.4M, 19%)

How Were They Changing?

Since the FY2025 annual report

Latest quarter: Q1 FY2026, the three months to Sep 30, 2025

Revenue: ▼ −3%; vs $248.1M in Q1 FY2025
Net income: ▼ −79%; vs $71.3M in Q1 FY2025

Nov 25, 2025 Patient Square completed the acquisition The company became a wholly owned subsidiary, and its shares were delisted from Nasdaq.
Nov 4, 2025 Withdrew fiscal-year guidance
Sep 22, 2025 Agreed to be acquired by Patient Square The agreement provides for $28.25 in cash per share for stockholders.
Aug 20, 2025 Issued revenue and adjusted EBITDA guidance It forecast net revenue excluding Contigo Health of $940 million to $1 billion and adjusted EBITDA of $230 million to $245 million.

Shrank. Revenue fell 41% in 4 years, from $1.7B in FY2021 to $1B in FY2025, about 12% a year.

Direct sourcing exited The earlier report lists direct sourcing within Supply Chain Services; the latest says the direct-sourcing business was divested and treated as discontinued.

Employer health-benefits services narrowed The earlier report describes employer health-benefits administration and a specialized care network; the latest says wrap-network assets were sold and remaining services were expected to move to partners or wind down.

Who Did They Compete With?

Competes with HealthTrust Purchasing Group, Managed Health Care Associates, Vizient, The Resource Group, CPS Solutions, Global Healthcare Exchange, Coupa Software, Taulia, Veradigm, Epic Systems, Health Catalyst, IBM, Oracle, Innovaccer, Deloitte, Evolent Health, Huron Consulting, Guidehouse Consulting, Optum, and Kaufman, Hall and Associates

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