Premier healthcare alliance, a hospital-owned group purchasing organization, has filed for an initial public offering.
The IPO could be worth up to $100 million in common stock, according to a Wall Street Journal report. Premier has 185 hospital, health system and other healthcare organization owners, all of whom will own Class B stock.
The number of shares to be offered and the individual share price have not yet been determined.
In the fiscal year ended June 30, 2012, Premier recorded $322.1 million in operating income and $3.9 million of net profit on $768.3 million in total net revenue. Roughly 2,900 hospitals participate in Premier's alliance.
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