Premier, Inc. (NASDAQ:PINC) Q3 2024 Earnings Call Transcript

Jessica Tassan: Got it. That makes sense. Can I just follow up, with two kind of clarifying questions? I wanted to confirm on the FY 2025 consolidated fee share, is the consolidated rate expected to be low-60s percent or the renewals are going to be in the low-60s percent? And then, just hoping you guys could comment on the pace of the remaining buybacks. Thanks so much.

Craig McKasson: To answer the first question, Jessica, our overall blended fee share for the entire business in fiscal 2025, we anticipate to be in the low 60s. So that’s a combination of renewed agreements, ongoing agreements, in the acute business and our Continuum of Care GPO. So, overall blended rate. Relative to the share repurchase, we continue to progress through the accelerated share repurchase transaction. Our current expectations have not changed in terms of when that will complete, somewhere between mid-July and mid-August. So when we have our next earnings call, we believe we will be complete at that point in time, and would anticipate that we will be evaluating with our Board of Directors at its board meeting in August, the plans and the expectations for the remaining $600 million on the $1 billion share repurchase authorization that was approved in February.

Jessica Tassan: Awesome. Thank you.

Mike Alkire: Thank you.

Operator: Thank you. And this concludes our question-and-answer session and Premier’s Fiscal 2024 Third Quarter Conference Call. Thank you for attending today’s presentation. You may now disconnect.