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Premier, Inc. Announces Pricing of Initial Public Offering

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CHARLOTTE, N.C., Sept. 26, 2013 (GLOBE NEWSWIRE) -- Premier, Inc. ("Premier") today announced the pricing of its initial public offering of 28,151,958 shares of its common stock at $27 per share. The shares are expected to begin trading on the NASDAQ Global Select Market on September 26, 2013, under the ticker symbol "PINC." The underwriters have been granted a 30-day option to purchase from Premier up to an additional 4,222,793 shares of Class A common stock at the initial public offering price, less the underwriting discount, to cover over-allotments, if any.

Premier is a healthcare performance improvement alliance helping hospitals and health systems provide better patient care while reducing costs.

J.P. Morgan Securities LLC, BofA Merrill Lynch and Wells Fargo Securities, LLC are serving as joint book-running managers for the offering and Citigroup, Piper Jaffray & Co., Raymond James and William Blair are acting as co-managers.

The offering will be made only by means of prospectus. Copies of the prospectus related to the offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 866.803.9204; or BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attention: Prospectus Department or by emailing dg.prospectus_requests@baml.com; or Wells Fargo Securities, LLC, 1525 West W.T. Harris Boulevard, NC0675, Charlotte, NC 28262, Attention: Capital Markets Client Support, by telephone at 800.326.5897 or by emailing cmclientsupport@wellsfargo.com.

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

CONTACT: Alven Weil, director of Public Relations Premier healthcare alliance 704.816.5797 Alven_Weil@PremierInc.com Jim Storey, vice president of Investor Relations Premier healthcare alliance 704.816.5958 Jim_Storey@PremierInc.com

Source:Premier, Inc.