UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2). Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On March 2, 2021, Premier, Inc. (“Premier”) announced that its newly formed consolidated subsidiary, Premier IDS, LLC, acquired substantially all the assets and certain liabilities of Invoice Delivery Services, LP (“IDS”) for $80.0 million in cash, subject to adjustment based on IDS’ actual indebtedness and net working capital at closing. The acquisition closed on March 1, 2021 and was funded with borrowings under Premier’s credit facility.
IDS offers digitization technologies that convert paper and portable document format (PDF) invoices to an electronic format to automate, streamline and simplify accounts payable processes in healthcare. IDS’ solutions include those for electronic invoicing and tracking, as well as digital payments.
The filing of this Current Report on Form 8-K shall not be deemed an admission by Premier that the transaction described herein is material.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Premier, Inc. | ||||||||
By: | /s/ Susan D. DeVore |
|||||||
Name: Susan D. DeVore | ||||||||
Title: Chief Executive Officer | ||||||||
Date: March 2, 2021 |
Document and Entity Information |
Mar. 01, 2021 |
---|---|
Cover [Abstract] | |
Amendment Flag | false |
Entity Central Index Key | 0001577916 |
Document Type | 8-K |
Document Period End Date | Mar. 01, 2021 |
Entity Registrant Name | Premier, Inc. |
Entity Incorporation State Country Code | DE |
Entity File Number | 001-36092 |
Entity Tax Identification Number | 35-2477140 |
Entity Address, Address Line One | 13034 Ballantyne Corporate Place |
Entity Address, City or Town | Charlotte |
Entity Address, State or Province | NC |
Entity Address, Postal Zip Code | 28277 |
City Area Code | (704) |
Local Phone Number | 357-0022 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Class A Common Stock, $0.01 Par Value |
Trading Symbol | PINC |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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