Premier, Inc. Reports Unaudited Impairment Charge to Goodwill, Intangibles and Other Long-Lived Assets for the Third Quarter Ended March 31, 2024
May 09, 2024 at 01:32 am IST
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Premier, Inc. reported unaudited impairment charge to goodwill, intangibles and other long-lived assets for the third quarter ended March 31, 2024. For the quarter, the company reported impairment charge to goodwill, intangibles and other long-lived assets of $140.1 million related to the company?s Contigo Health business.
Premier, Inc. is a healthcare improvement company uniting an alliance of approximately 4,350 United States hospitals and health systems and approximately 300,000 other providers and organizations. It operates through two segments: Supply Chain Services and Performance Services. The Supply Chain Services segment includes the Companyâs group purchasing organizations (GPO), supply chain co-management, purchased services, and direct sourcing activities. The Performance Services segment consists of three sub-brands, which include PINC AI, the Companyâs technology and services platform; Contigo Health, the Companyâs direct-to-employer business; and Remitra, the Companyâs digital invoicing and payables business. It delivers technology-enabled platform that offers critical supply chain services, clinical, financial, operational and value-based care software as a service (SaaS) as well as clinical and enterprise analytics licenses, consulting services, and third-party administrator services.
PREMIER, INC. 
