Premier, which operates a technology-enabled platform offering critical services to healthcare organizations, announced terms for its IPO on Monday. The Charlotte, NC-based company plans to raise $690 million by offering 28.2 million shares at a price range of $23 to $26. At the midpoint of the proposed range, Premier would command a fully diluted market value of $3.4 billion.
Premier, which was founded in 1996 and booked $869 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol PINC. Premier initially filed confidentially on May 31, 2013. J.P. Morgan, BofA Merrill Lynch and Wells Fargo Securities are the joint bookrunners on the deal.
