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Fly News Breaks for September 26, 2019
PINC
Sep 26, 2019 | 07:56 EDT
The potential for elevated client attrition in Premier' group purchasing organization business is back in the spotlight following a short report yesterday, Jefferies analyst Jason Plagman tells investors in a research note. In the near-term, the analyst believes Premier is actively discussing a mutually beneficial long-term contract with its largest client Acurity aimed at extending that relationship beyond September 2020. Longer term, he believes the company's combination of supply chain, technology, and advisory services "has created deep relationships that extend beyond procurement." Plagman keeps a Buy rating on Premier with a $43 price target.
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