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News Breaks
August 5, 2014
08:12 EDTHSP, PINCPremier 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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August 4, 2015
11:38 EDTHSPPfizer receives EC approval for pending acquisition of Hospira
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06:59 EDTPINCPremier to acquire CECity for $400M, accretive in FY16 and FY17
Premier reached an agreement to acquire CECity, for $400M. CECity is a privately-held, SaaS-based healthcare solutions provider, specializing in performance management and improvement, pay-for-value reporting and professional education. Premier expects the transaction to be accretive to adjusted fully distributed earnings per share by approximately 2c-4c in FY16, and 8c-10c cents in FY17. Under terms of the agreement, Premier will purchase 100% of CECity's outstanding stock for $400M. This amount will be funded by $250M of cash on hand and $150M from borrowings under the company's untapped $750M revolving credit facility. The transaction is expected to close in Premier's fiscal Q1.
05:47 EDTPINCPiper Jaffray disagrees with activist Starboard on MedAssets
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July 31, 2015
15:03 EDTHSPFDA warns of cybersecurity vulnerabilities in Hospira Symbiq Infusion System
In a safety communication circulated on its website, the FDA alerts users of the Hospira Symbiq Infusion System to cybersecurity vulnerabilities with this infusion pump. "We strongly encourage that health care facilities transition to alternative infusion systems, and discontinue use of these pumps," the FDA stated. Reference Link
July 29, 2015
07:39 EDTHSPHospira continues to see 'good momentum' across product lines
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07:31 EDTHSPHospira reports Q2 adjusted EPS 85c, consensus 80c
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July 24, 2015
12:30 EDTPINCPremier management to meet with William Blair
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