Boston, MA 10/08/2014 (wallstreetpr) – Premier Inc (NASDAQ:PINC) filed the Form S-3 Registration Statement with the Securities and Exchange Commission yesterday. As per this filing, the company expressed intention to take forward an underwritten offering on behalf of its selling stockholders. Such offering is meant to be in lieu of those stockholders, who have elected to take part in the company’s October 31, 2014 share exchange program.
Underwritten Offering
Premier Inc (NASDAQ:PINC) has notified that shareholders owing nearly 4.7 million Class B common shares could exchange their shares for Class A on October 31, 2014. As of now, selling stockholders holding 3.9 million of Class A common shares have come forward to participate in the offering. The company has not yert finalized the details of the said offering and has not confirmed the timing or date of this offering. Furthermore, the company clarified that by recommending to undertake offering, it is not registering for sale of primary shares. Also, it will neither hold any interest in the proceeds received from the proposed offering.
Preventable Readmission Risk
On the same day, Premier Inc (NASDAQ:PINC) announced that it has added Predixion Software’s real-time predictive analytics to its PremierConnect. It is to be noted that Predixion assists non-technical users and other business analysts to access predictive analytics while taking decision. Therefore, by integrating Predixion, the company will assist providers to gain insights and advice on interventions. Taking the collaboration ahead, both Predixion and Premier Inc (NASDAQ:PINC) will continue to co-develop more predictive solutions appropriate for health systems.
The two companies have implemented the first solution in a data-driven app, which gives an accurate real-time risk alert to health care providers about the readmission probability of the patient. This helps the hospital staff to take necessary actions to eliminate readmission risk for the patient before the discharge. Thus, the solution will try to eliminate the $25 billion annual cost threat hovering on healthcare industry by preventing readmissions.
