Premier CEO says company eyeing more deals

05/12/2014 5:45 PM

05/12/2014 5:45 PM

Premier Inc. chief executive Susan DeVore said the Charlotte-based healthcare company is eyeing more acquisitions after raising $874 million in an initial public offering in October.

“Our pipeline of potential acquisitions is very active,” DeVore said Monday in a conference call for analysts after the company released earnings for its fiscal third-quarter 2014 earnings.

Last month, Premier bought a College Station, Texas-based equipment planning and analytics business called MEMdata LLC for an undisclosed amount.

Premier, which provides purchasing and performance improvement services to an alliance of 2,900 hospitals, reported net income attributable to shareholders of $13.5 million for the quarter ended March 31, up from $4.2 million in the same period a year ago.

Total revenue was up about 1 percent to $225.6 million. An investment gain of $37.9 million helped boost net income.

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