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News Breaks
August 5, 2014
08:12 EDTPINC, HSPPremier acquires TheraDoc from Hospira for $117M
Premier (PINC) has reached a definitive agreement to acquire TheraDoc, a market leading provider of clinical surveillance software, for $117M in cash, subject to potential purchase price adjustments regarding TheraDoc's actual working capital, cash and indebtedness at closing. The transaction is expected to close in Premier's 1Q15 ending September 30. TheraDoc is a wholly-owned subsidiary of Hospira (HSP). Premier's board unanimously approved the transaction, and applicable antitrust approvals have already been obtained. Based on the trailing twelve months operating earnings provided by TheraDoc, the $117M represents a purchase price multiple in the 10-11 times range. Premier expects the acquisition to be accretive to earnings in the first year following the transaction's completion.
News For PINC;HSP From The Last 14 Days
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January 22, 2015
09:18 EDTPINCDerma Sciences' amniotic tissue products incorporated to Premier portfolio
Derma Sciences' (DSCI) Amnioexcel and Amniomatrix , amniotic allografts derived from placental tissues, have been added to the Premier (PINC) Regenerative Skin Grafting contract portfolio.
January 13, 2015
09:07 EDTHSPHospira says plans to close Clayton, North Carolina facility in 2H15
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January 12, 2015
09:16 EDTHSPHospira submits Biologics License Application to FDA for Retacrit
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