Fairness Opinion for Premier’s acquisition of the remaining 50% stake in Innovatix and 100% stake in Essensa

Nov. 2016

Client: Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of approximately 3,750 U.S. hospitals and 130,000 other provider organizations. With integrated data and analytics, collaboratives, supply chain solutions, and advisory and other services, Premier enables better care and outcomes at a lower cost. Premier plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide.

Role: Prior to his work at Edgemont, Eugene Goldenberg and his team provided a fairness opinion to Premier Inc. and its Board of Directors on its acquisition of the remaining 50% stake in Innovatix and 100% stake in Essensa. Innovatix is a leading supply chain solutions company and group purchasing organization (GPO) serving more than 32,000 facilities in multiple classes of trade, including senior living facilities (assisted living, continuing care retirement communities, independent living, and skilled nursing), independent medical oncologists and pharmacies (home infusion, long-term care, mail order and retail). Essensa is a national GPO delivering procurement solutions and supply chain efficiencies to classes of trade not served by Innovatix, including ambulatory care, surgery centers, imaging centers, behavioral/mental health clinics, and clinical laboratories. Both Innovatix and Essensa specialize in group purchasing in the continuum of care market, or institutional healthcare providers that are outside the acute care hospital or health system.

Location: Charlotte, NC

Sector: Post-Acute, Staffing and Distribution

Lead Banker: Eugene Goldenberg