- Premier (NASDAQ:PINC) announced the acquisition of Stanson Health, is a leader in developing next-generation Clinical Decision Support solutions, for $51.5M. This will bolsters Premier’s rapidly-evolving enterprise analytics and performance improvement technology solutions to advance clinical excellence and reduce care variation.
- Premier will be utilizing the existing cash on hand to fund the acquisition. The acquisition also provides for an additional earn-out opportunity of up to $15M based on certain product delivery and revenue targets.
- The transaction is expected to close in Premier's fiscal second quarter ending Dec. 31, 2018.