Premier, one of the largest healthcare group purchasing organizations in the country, went public today, and its initial public offering is valued at more than $760.1 million.
Premier's more than 28.1 million shares, opening at $27 per share, are officially trading on the NASDAQ under the ticker symbol "PINC."
The organization filed for its IPO in August and was originally projected to be worth $100 million. Premier originally included 185 hospital, health system and other healthcare organization owners.
As of 12:30 p.m. CDT, Premier's shares were trading at $30.85 per share.
More Articles on Premier:
Premier Files for Initial Public Offering
9 Fewer Pioneer ACOs: Healthcare Experts on What This Means for Accountable Care
Survey: Most Hospital Executives Predict Rise in Outpatient Volumes This Year