Premier Inc's stock rallied 9.37% in pre-market trading on Wednesday, fueled by better-than-expected performance in its Supply Chain Services segment and the successful transition of its digital supply chain strategy beyond the pilot phase.
The healthcare technology company announced that it has signed its first major partnership agreement to leverage its unique clinical and supply chain data sets for innovation across research, development, clinical utilization, and supply chain resiliency. Premier is also leveraging AI to enhance manual back-office processes for providers and suppliers, delivering significant time improvements and cost savings.
Additionally, Premier reported growth in its supply chain co-management business, driven by new agreements with healthcare providers seeking to optimize their end-to-end supply chain operations. The company also completed a $200 million share repurchase in early January 2025, returning capital to stockholders through a disciplined capital deployment approach.
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