Premier Inc., a health-care company that sells services and supplies to thousands of hospitals and providers, is evaluating strategic options including a sale.
The board established a committee of independent directors to evaluate alternatives “including a sale of part or all of the company, recapitalization or other partnership opportunities,” Premier said Monday in a statement. The committee is being advised by JPMorgan Securities.
There’s no guarantee the process will result in a transaction, the company said. It affirmed its fiscal year 2023 guidance and said it does not expect to provide guidance for the next year when it reports annual results in August.
Premier shares were halted for the news. They have fallen 24% this year.
BofA Securities Inc. is serving as Premier’s financial adviser.
