Exhibit 99.1

PREMIER INC. REPORTS FISCAL 2016 FOURTH-QUARTER AND

FULL-YEAR RESULTS

CHARLOTTE, NC, August 22, 2016 – Premier Inc. (NASDAQ: PINC) today reported financial results for the fiscal 2016 fourth quarter and full fiscal year ended June 30, 2016.

Full-Year Highlights:

 

    Net revenue of $1.16 billion increased 15% from the prior year; Supply Chain Services segment revenue rose 12% and Performance Services segment revenue increased 24%.

 

    Net income of $235.2 million remained relatively unchanged from the prior year. Earnings per share attributable to stockholders totaled $1.33 per fully diluted share, compared with a loss of $24.25 per share the prior year.

 

    Non-GAAP adjusted EBITDA* increased 12% to $441.0 million from the prior year.

 

    Non-GAAP adjusted fully distributed net income* increased 12% to $233.3 million, or $1.61 per diluted share, from the prior year.

 

    For the fiscal year ended June 30, 2016, the company generated cash flow from operations of $371.5 million. At June 30, 2016, the company’s cash, cash equivalents and short- and long-term marketable securities totaled $296.7 million, and the company had access to its entire unsecured $750.0 million, five-year revolving credit facility.

 

    In addition to the acquisitions of CECity.com, Inc., Healthcare Insights, LLC, and InflowHealth LLC, during the fiscal year, Premier announced a definitive agreement to acquire Acro Pharmaceutical Services, LLC, a national specialty pharmacy, as part of Premier’s strategy to expand its integrated pharmacy offerings, for $75.0 million. The acquisition is expected to close within the next month and will be integrated into Premier’s Supply Chain Services segment.

Fourth-Quarter Highlights:

 

    Net revenue increased 13% to $301.4 million from the same period last year; Supply Chain Services segment revenue rose 11% and Performance Services segment revenue increased 19%.

 

    Net income rose 57% to $50.4 million from the same period a year ago. Earnings per share attributable to stockholders totaled $0.30 per fully diluted share, compared with a loss of $2.24 per share the prior year.

 

    Non-GAAP adjusted EBITDA* of $100.0 million remained relatively unchanged from the same period last year.


The following information was filed by Premier, Inc. (PINC) on Thursday, August 25, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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