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News Breaks
May 19, 2014
08:17 EDTPINCPremier, HMSA extend healthcare improvement partnership
Premier and the Hawaii Medical Service Association, or HMSA, have extended their partnership in a statewide initiative to improve healthcare quality and reduce costs for the people of Hawaii. HMSA, an independent licensee of the Blue Cross Blue Shield Association, launched the Advanced Hospital Care program in 2011. The program is the nation's first statewide collaboration between a health plan and hospitals to define and implement new standards of quality improvement. HMSA provides funding for Hawaii hospitals to use Premier analytics and advisory services to improve performance. Program results prompted HMSA to extend the Advanced Hospital Care program and its partnership with Premier through December 2016.
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August 4, 2015
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 24, 2015
12:30 EDTPINCPremier management to meet with William Blair
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