Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Premier Inc (NASDAQ: PINC) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Premier Inc (NASDAQ: PINC) concerning whether a series of statements by Premier Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On September 25, 2019, a report by Spruce Point Capital Management stated “due to a unique pre-IPO restructuring agreement, [Premier] is temporarily generating twice the earnings which its business model can sustain organically.” Noting that the contracts between Premier and its “member owner” hospitals were nearing expiration, Spruce Point asserted that “with most member owner equity now having vested, hospitals with expiring contracts are far less incented to remain with Premier at sub-market shareback rates” making them more likely to opt out rather than renew their contracts, which “would cause Premier to underperform FY22-23 consensus revenue by >26% and EBITDA by >50%.”

Following this news, NASDAQ: PINC dropped to close at $30.75 per share on September 25, 2019.

Based in Charlotte, North Carolina, and founded in 2013 Premier Inc operates as a healthcare improvement company in the United States.

If you purchased shares of Premier Inc (NASDAQ: PINC) on or before September 25, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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