Premier, Inc. experienced a challenging first quarter in fiscal year 2026, with total net revenue decreasing by 3% to $240.0 million and GAAP net income from continuing operations significantly dropping by 79% to $15.3 million, primarily due to a non-operating gain in the prior year. Adjusted EBITDA also saw a 12% decrease, while adjusted EPS fell by 12%. The company is in the process of being acquired by Patient Square Capital, leading to the withdrawal of its fiscal-year 2026 guidance.
Total net revenue for Q1 FY2026 was $240.0 million, a 3% decrease from the prior-year period.
GAAP net income from continuing operations was $15.3 million, a 79% decrease, largely due to a prior-year non-operating gain.
Adjusted EBITDA decreased by 12% to $55.0 million, and adjusted EPS decreased by 12% to $0.30.
The company has withdrawn its fiscal-year 2026 guidance due to a pending acquisition by Patient Square Capital.
Premier has withdrawn its fiscal-year 2026 guidance due to the pending acquisition by an affiliate of Patient Square Capital, LP.
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