BUZZ-Premier falls on Jehoshaphat Research's short position

Reuters
08 Jan
BUZZ-Premier falls on Jehoshaphat Research's short position

** Shares of healthcare company Premier PINC.O fall 1.7% to $20.73

** Jehoshaphat Research said it has a short position in PINC, which is a major purchaser of medical products for U.S. hospitals

** PINC's business has "meaningful customer concentration in some of these huge hospital systems", which have consolidated and gained their own purchasing power over the years - Jehoshaphat

** PINC did not immediately respond to a Reuters request for comment

** Up to last close, PINC shares down ~8% over the past 12 months

(Reporting by Mariam Sunny in Bengaluru)

((Mariam.ESunny@thomsonreuters.com;))

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