Premier Announces in Line 3Q and Divestiture of Its Specialty Pharmacy Unit; Shares Attractive
Narrow-moat Premier reported fiscal third-quarter financials that were consistent with our expectations; revenue was a bit lower than we projected, but profitability was roughly in line. We don't intend to make any substantial changes to our forecast, but will likely raise our $40 per share fair value estimate by a mid-single-digit percentage to account for the cash flows received since our last update.While this year's change in revenue recognition accounting standard continues to obscure unde...
Premier is a holding company. The company, together with its subsidiaries and affiliates, is a healthcare performance improvement company. The company provides technology-enabled platform that provides supply chain services, clinical, financial, operational and value based care software-as-a-service informatics products, consulting services and performance improvement collaborative programs. The company has two business segments: Supply Chain Services, which assists its members in managing their non-labor expense and capital spend through a combination of products, services and technologies; and Performance Services, which provides information technology analytics and workflow automation and consulting services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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