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Premier, Inc. Enters Into $200 Million Accelerated Share Repurchase Program

1. PINC announced a $200 million accelerated share repurchase program. 2. The ASR program is part of a $1 billion repurchase authorization.

Shares Buyback
+5.6%Current Return
VS
+0.57%S&P 500
$17.7702/18 08:16 AM EDTEvent Start
$18.76502/19 02:54 PM EDTLatest Updated
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FAQ

Why Bullish?

Share buybacks typically signal confidence in the company's value, potentially supporting share prices. Past examples include similar programs leading to positive price momentum for companies like Apple.

How important is it?

The article discusses a significant share buyback program, which is crucial for investors. With $200 million involved, this action indicates strong financial health and future prospects for PINC.

Why Short Term?

The immediate effect of share buybacks can boost sentiment and stock price quickly. Historical data shows that share repurchase announcements often lead to short-term price increases.

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CHARLOTTE, N.C.--(BUSINESS WIRE)--Premier, Inc. (NASDAQ: PINC), a leading technology-driven healthcare improvement company, today announced that it has entered into accelerated share repurchase agreements with JPMorgan Chase Bank, National Association (“JPMorgan”) to repurchase an aggregate of $200 million of shares of its Class A common stock (the “ASR program”). The ASR program was authorized under the Company's $1.0 billion share repurchase authorization approved by the Company's Board of Di.

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