Premier, Inc. Announces Strategic Supply Chain Partnership with Beebe Healthcare

CHARLOTTE, N.C., April 3, 2024 – Premier, Inc. (NASDAQ: PINC), a leading technology-driven healthcare improvement company, announced that it has been selected by Beebe Healthcare (Beebe) as its supply chain operations strategic partner.

This partnership will allow Beebe to focus on delivering exceptional care in their community while Premier’s supply chain management and consulting team will support the people, processes and technologies needed to drive efficiency and total cost management. Three Beebe supply chain employees will transition to Premier’s Nexera, where they will continue to improve supply chain operations, support a clinically integrated supply chain and help facilitate cost savings for Beebe.

“We’re honored to partner with Beebe to help them deliver on their goal of putting the best people, programs and infrastructure in place to enable continued access to high-quality healthcare services for the Sussex County community,” said Jeffrey Ashkenase, Group Vice President, End-to-End Supply Chain at Nexera. “We are confident we can deliver value by deploying proven best practices, actionable data intelligence and expert healthcare supply chain management that can strengthen financial performance, drive operational excellence and help Beebe continue their success as a local, independent health system.”

“Premier is an ideal strategic supply chain services partner for Beebe, uniquely positioned to help ensure our supply chain operations are as efficient as possible,” said Dr. David Tam, President and CEO of Beebe Healthcare. “We chose Premier because they have a track record of delivering real-world value for health systems and the communities they serve, and that’s our number one priority – providing the best care at the best value possible to our community in Sussex County.”

The decision to partner with experienced organizations to help manage end-to-end supply chain operations is an increasing trend among healthcare executives looking to solve critical business issues and position their organizations for long-term success. According to a recent survey of healthcare executives, 60 percent report being moderately or highly likely to utilize outsourced partners to support supply chain performance improvement.

“We’re thrilled to partner with Beebe, which joins hundreds of other integrated health systems that rely on Premier for our differentiated ability to achieve superior savings, performance excellence and resiliency for the future,” said Andy Brailo, Chief Commercial Officer of Premier. “With a winning combination of market-leading contracts, data-driven insights and expert support, Premier prides itself on our ability to co-innovate with members to deliver innovation and real-world value, enabling organizations to stay relentlessly focused on achieving the vision to create high-quality, cost-effective healthcare."

This partnership with Beebe comes on the heels of several other recent accomplishments for Premier, including its selection as Tuft Medicine’s strategic supply chain partner, its designation as a 2024 Best in KLAS Award winner for Value-Based Care Consulting and its 17^th consecutive year being recognized as one of the World’s Most Ethical Companies® by Ethisphere®.

Forward-Looking Statements

Matters discussed in this release that are not statements of historical or current facts, including but not limited to those relating to Premier's ability to advance its long-term strategies and develop innovations for, transform, and improve healthcare, and the intended or expected performance or utility of Premier's products and services, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause performance or achievements to be materially different from historical results or from any future performance or achievements expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements. More information on risk factors relating to Premier and its products and services is included from time to time in the “Cautionary Note Regarding Forward-Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Premier’s periodic and current filings with the SEC, which are also made available on Premier’s website at investors.premierinc.com. Forward-looking statements speak only as of the date they are made, and Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, or otherwise.

About Beebe Healthcare

Beebe Healthcare is a not-for-profit community healthcare system with a charitable mission to encourage healthy living, prevent illness, and restore optimal health for the people who live in, work in, and visit the communities we serve. Beebe Healthcare has three campuses: the Margaret H. Rollins Lewes Campus, which houses the medical center; the Rehoboth Health Campus; and the South Coastal Health Campus. Beebe Healthcare offers primary care as well as specialized services in the areas of cardiovascular, oncology, orthopedics, general surgery, robotic surgery and women’s health. Beebe also offers walk-in care, lab, imaging and physical rehabilitation services at several locations throughout Sussex County, in addition to a home health program and a comprehensive community health program. For more information about Beebe Healthcare, visit BeebeHealthcare.org.