Premier Inc. (NASDAQ: PINC) took steps this week to simplify its company structure. Executives hope the changes will position the Charlotte-based firm for future growth and stability.
Premier eliminated dual-class ownership — shareholders exchanged their Class B shares of Premier LP and Premier one-for-one for Class A common stock of Premier. As a result, the company expects to generate $300 million to $350 million in future cash tax savings over a 10- to 15-year period.
"The bottom line of this restructuring was an attempt to simplify the organization and to really create stability, predictability and support from our health systems that work with us," McKasson said