Premier’s Supply Chain Revenue Surge Boosts Q3 Profits Last Updated: May 17, 2017
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Modern Healthcare: Premier reported higher profits in its third-quarter earnings, driven by rising supply chain revenue from its group purchasing business, including its recent Innovatix and Essensa acquisitions. The Charlotte, N.C.-based group purchasing organization and performance improvement company reported adjusted fully distributed income of $73 million during the fiscal third quarter ended March 31, an increase of 14% from the same period last year. Net revenue increased 27% to $379.8 million. Full story