NEW YORK, Sept. 26, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors that it has commenced an investigation of Premier, Inc. (“Premier” or “the Company”) (NASDAQ: PINC) concerning possible violations of federal securities laws.

On September 25, 2019, Spruce Point Capital Management, LLC (“Spruce Point”) issued a report about Premier stating that “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%.”

On this news, Premier’s stock price fell sharply to close at $30.75 per share on September 25, 2019. To obtain additional information, go to:

https://www.zlk.com/pslra-1/premier-inc-loss-form 

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:   
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com