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BUZZ-Premier falls on Jehoshaphat Research's short position

ReutersJan 8, 2025 3:50 PM

Shares of healthcare company Premier PINC.O fall 1.7% to $20.73

Jehoshaphat Research said it has a short position in PINC, which is a major purchaser of medical products for U.S. hospitals

PINC's business has "meaningful customer concentration in some of these huge hospital systems", which have consolidated and gained their own purchasing power over the years - Jehoshaphat

PINC did not immediately respond to a Reuters request for comment

Up to last close, PINC shares down ~8% over the past 12 months

(Reporting by Mariam Sunny in Bengaluru)

((Mariam.ESunny@thomsonreuters.com;))

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