Exhibit 99.1

FOR IMMEDIATE RELEASE

PREMIER INC. REPORTS FISCAL 2020 SECOND-QUARTER RESULTS

CHARLOTTE, N.C., Feb. 4, 2020 – Premier Inc. (NASDAQ: PINC) today reported financial results for the fiscal 2020 second quarter ended Dec. 31, 2019.

All results presented in this press release reflect continuing operations following completion of the sale and exit of the Specialty Pharmacy business on June 7, 2019.

Q2 2020 Highlights:

“We again achieved solid performance in the fiscal second quarter, underscored by steady growth in our Supply Chain Services segment that more than offset continued softness in the Performance Services segment,” said Susan DeVore, chief executive officer. “As anticipated, Performance Services continued to be impacted by reduced revenue from our CMS government contract, investments in our new strategies and the ongoing political and regulatory uncertainty impacting other areas of the business.

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“We remain financially and operationally focused on leveraging Premier’s unique, integrated and expanding supply chain, technology and consulting capabilities to continue driving steady profitable growth across our businesses by providing our members with a customized and integrated total-value proposition that drives a compelling total return on their investment in our relationship,” DeVore added. “We believe our superior service levels, longstanding relationships and the outstanding value that we deliver for our members have been the primary drivers of our high GPO retention rate, which has averaged in the mid- to high-90 percent range over the past decade.”

Results of Operations for the Second Quarter of Fiscal 2020

For the fiscal second quarter ended Dec. 31, 2019, Premier generated GAAP net revenue of $319.6 million, an increase of 4% from $307.6 million for the same period a year ago.

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GAAP net income for the fiscal second quarter was $91.6 million, compared with $105.8 million a year ago. The decrease was primarily driven by an increase in income tax expense, most of which is attributable to the remeasurement of deferred tax balances related to a change in North Carolina’s state income tax law, resulting in a reduction of future income tax benefits, as well as ongoing strategic investments in the Performance Services segment. This was partially offset by increased net administrative fees and products revenue. In accordance with GAAP, fiscal 2020 and 2019 second-quarter net income attributable to stockholders includes non-cash adjustments of $(480.2) million and $651.7 million, respectively, to reflect the change in the redemption value of limited partners’ Class B common unit ownership at the end of each period. These non-cash adjustments resulted primarily from changes in the number of Class B common units outstanding and the company’s stock price between periods and do not reflect results of the company’s business operations. After these non-cash adjustments, the company reported a net loss attributable to stockholders of $444.0 million, or $6.88 per diluted share, compared with net income of $694.4 million, or $0.70 per diluted share, a year ago. See “Calculation of GAAP Earnings per Share” in the income statement section of this press release.

Fiscal second-quarter non-GAAP adjusted EBITDA of $148.4 million increased 4% from $142.9 million for the same period the prior year.

Non-GAAP adjusted fully distributed net income for the fiscal second quarter of $90.8 million increased 2% from $89.2 million for the same period a year ago. Non-GAAP adjusted fully distributed earnings per share increased to $0.74 from $0.67 for the same period a year ago. Adjusted fully distributed earnings per share is a non-GAAP financial measure that represents net income, adjusted for non-recurring and non-cash items, attributable to all stockholders as if all Class B stockholders exchanged their Class B common units and associated Class B common shares for Class A common shares.

Segment Results

Supply Chain Services

For the fiscal second quarter ended Dec. 31, 2019, Supply Chain Services segment net revenue of $232.6 million increased 9% from $212.7 million a year ago. Net administrative fees revenue of $172.1 million increased 4% from $165.7 million a year ago, primarily due to continuing contract penetration driven in part by the company’s high-compliance portfolio programs and revenue from recently added contract categories and suppliers.

Products revenue of $58.0 million increased 31% from $44.2 million a year ago, primarily driven by continued expansion of commodity product categories, growth in sales of U.S. Foods products and aggregated purchases.

Supply Chain Services segment non-GAAP adjusted EBITDA for the fiscal 2020 second quarter of $148.0 million increased 10% from $135.0 million for the same period a year ago, primarily driven by growth in net administrative fees and products revenue.

Performance Services

For the fiscal second quarter ended Dec. 31, 2019, Performance Services segment net revenue of $87.0 million decreased 8% from $94.9 million for the same quarter a year ago. As anticipated, the segment experienced lower revenue associated with the renewed CMS government contract at reduced rates, fewer consulting engagements relative to the prior year, when multiple engagements were underway in conjunction with the earlier recruitment of several academic medical centers, and timing of certain contracts in the applied sciences business. This was partially offset by certain new licensed and SaaS technology contracts in the quarter and growth in clinical decision support technology revenues.

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Performance Services segment non-GAAP adjusted EBITDA for the fiscal 2020 second quarter of $30.0 million decreased 19% from $37.1 million for the same period a year ago. The decrease was primarily due to lower revenue and ongoing strategic investments in the company’s high-value care network and clinical decision support technology.

Results of Operations for the Six Months Ended Dec. 31, 2019

For the six months ended Dec. 31, 2019, GAAP net revenue of $622.0 million increased 4% from $600.2 million for the same period a year ago.

For the six-month period, GAAP net income totaled $162.5 million, compared with $189.2 million for the same period a year ago. Fiscal 2020 and 2019 six-month GAAP net income attributable to stockholders required non-cash adjustments of $214.2 million and $(56.5) million, respectively, to reflect changes in redemption value of the limited partners Class B common unit ownership at the end of each period. These non-cash adjustments resulted primarily from changes in the number of Class B common units outstanding and the company’s stock price between periods and do not reflect results of the company’s business operations. After these non-cash adjustments, the company reported net income attributable to stockholders of $279.5 million compared with $13.6 million a year ago. On a diluted per-share basis, net income totaled $1.12 compared with $0.24 for the same period a year ago. See “Calculation of GAAP Earnings per Share” in the income statement section of this press release.

For the six months ended Dec. 31, 2019, non-GAAP adjusted EBITDA of $288.7 million increased 2% from $282.5 million for the same period last year. Non-GAAP adjusted fully distributed net income of $176.8 million remained relatively unchanged from $177.0 million, while non-GAAP adjusted fully distributed earnings per share of $1.42, increased 8% from $1.32.

Supply Chain Services segment net revenue for the first six months of fiscal 2020 of $455.7 million increased 9% from $419.6 million a year earlier. Supply Chain Services segment adjusted EBITDA of $297.9 million increased 10% from $271.3 million for the prior year.

Performance Services segment net revenue for the six months of fiscal 2020 of $166.3 million decreased 8% from $180.6 million a year earlier. Segment adjusted EBITDA of $50.3 million decreased 26% from $67.7 million for the prior year.

Cash Flows and Liquidity

Net cash provided by operating activities was $217.0 million for the six months ended Dec. 31, 2019, compared with $210.2 million for the same period last year. The increase was primarily driven by higher net administrative fees and product revenue and an increase in working capital primarily driven by increased cash collections on contract assets. This was partially offset by decreased Performance Services segment revenue and increased selling, general and administrative expenses comprised of higher acquisition- and disposition-related expenses and expenses associated with certain strategic initiatives. At Dec. 31, 2019, the company’s cash and cash equivalents totaled $111.6 million, compared with $141.1 million at June 30, 2019. At Dec. 31, 2019, the company had an outstanding balance of $50.0 million on its five-year, $1.0 billion revolving credit facility, which was subsequently repaid in the current quarter.

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Non-GAAP free cash flow for the six months ended Dec. 31, 2019 was $127.9 million, or 44% of non-GAAP adjusted EBITDA, compared with $114.7 million, or 41% of non-GAAP adjusted EBITDA, for the same period a year ago. The increase primarily resulted from the same factors contributing to the increase in net cash provided by operating activities, as well as decreased purchases of property and equipment and decreased distributions to limited partners due to change in ownership. The company defines free cash flow as cash provided by operating activities less quarterly tax distributions and annual TRA payments to limited partners and purchases of property and equipment (see free cash flow reconciliation to net cash provided by operating activities in the tables section of this press release).

The company repurchased a total of approximately 3.5 million shares during the fiscal second quarter for $112.8 million at an average price of $31.80 per share. For the first six months of fiscal 2020, Premier repurchased a total of $148.6 million in Class A common stock at an average price of $32.25 per share. The repurchase authorization may be expanded, suspended, delayed or discontinued at any time at the discretion of the Board of Directors.

Acquisition of Acurity and Nexera Businesses from the Greater New York Hospital Association

Premier separately announced today that it has reached a definitive agreement to acquire substantially all the assets and certain liabilities of Acurity, Inc. and Nexera, Inc., two indirect wholly owned subsidiaries of the Greater New York Hospital Association (GNYHA), for total consideration of approximately $291.5 million. Under terms of the agreement, Premier will pay the sellers $125.0 million for Acurity and Nexera at close and another $120.0 million over four years, payable in $30.0 million increments each year between FY2021 and FY2024. The purchase price includes a payment of approximately $46.5 million for the discounted present value of the expected Tax Receivable Agreement value for all Premier Class B Common Units that will be exchanged by GNYHA through November 2, 2020, of which $41.1 million will be paid at close and an estimated $5.4 million will be paid when a final calculation can be made. Separately, a contingent payment opportunity to GNYHA of up to $30.0 million may be made in FY2025 based on Premier’s achievement of a range of member renewals on terms to be agreed to by Premier and the sellers based on prevailing market conditions in December 2023.

DeVore said: “These transactions solidify our strong, mutually beneficial and long-standing relationship with GNYHA’s member hospitals. The addition of Acurity, a regional group purchasing organization enables Premier to work directly with Acurity’s more than 300 hospital members, secure five-year contract extensions with no early termination provision and retain significant existing revenue streams. With Nexera, we expect to benefit from its supply chain co-management and consulting assets and talent, which we expect will accelerate our end-to-end enterprise supply chain strategy.”

Under terms of the agreement, Premier will receive 100% of the revenue generated by Nexera and 100% of the gross administrative fees generated by Acurity, sharing fees directly with Acurity’s underlying members in accordance with those members contracts. On a pro forma basis, Premier expects aggregate contracted net administrative fee share payments to members acquired through Acurity to be consistent with Premier’s overall aggregate administrative fee share in the mid-30% range. In addition, in connection with the restructuring of its contract portfolio ahead of this transaction, Acurity agreed to provide one-time rebates to certain Acurity members based on their pre-closing purchasing volume. Premier has concluded that it is required to treat these payments as prepaid contract administrative fee share and amortize them over the life of the acquired contracts on Premier’s financial statements. When considering the non-cash amortization of these payments, the effective administrative fee share expense to Acurity members under the acquired contracts averages in the low 50% range.

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The anticipated financial impact of the transaction, which is expected to close on or about February 28, 2020, has been factored into the guidance update provided below.

Fiscal 2020 Outlook and Guidance

Based on results for the six months ended Dec. 31, 2019, management’s current expectations for the remainder of fiscal 2020, the realization in all material respects of the underlying guidance assumptions, and the anticipated financial impact of the acquisitions of the Acurity and Nexera businesses, the company has updated guidance as follows:

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Conference Call

Premier management will host a conference call and live audio webcast on Tues., Feb. 4, 2020, at 8:00 a.m. ET, to discuss the company’s financial results. The conference call can be accessed through a link provided on the investor relations page on Premier’s website at investors.premierinc.com. Those wanting to participate by phone may do so by dialing 844.296.7719 and providing the operator with conference ID number: 9961018. International callers should dial 574.990.1041 and provide the same passcode. The company encourages callers to dial in at least five minutes before the start of the call to register. The archived webcast will be accessible on Premier’s investor relations page.

About Premier Inc.

Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,000 U.S. hospitals and health systems and approximately 175,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting 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. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. Please visit Premier’s news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram and Premier’s blog for more information about the company.

Use and Definition of Non-GAAP Measures

Premier uses EBITDA, adjusted EBITDA, segment adjusted EBITDA, adjusted fully distributed net income, adjusted fully distributed earnings per share, and free cash flow to facilitate a comparison of the company’s operating performance on a consistent basis from period to period and to provide measures that, when viewed in combination with its results prepared in accordance with GAAP, allow for a more complete understanding of factors and trends affecting the company’s business than GAAP measures alone. The company believes adjusted EBITDA and segment adjusted EBITDA assist its board of directors,

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management and investors in comparing the company’s operating performance on a consistent basis from period to period by removing the impact of the company’s asset base (primarily depreciation and amortization) and items outside the control of management (taxes), as well as other non-cash (impairment of intangible assets and purchase accounting adjustments) and non-recurring items, from operating results.

In addition, adjusted fully distributed net income and adjusted fully distributed earnings per share eliminate the variability of non-controlling interest as a result of member owner exchanges of Class B common units and corresponding Class B common stock into shares of Class A common stock and other potentially dilutive equity transactions which are outside of management’s control. Adjusted fully distributed net income is defined as net income attributable to Premier (i) excluding income tax expense, (ii) excluding the impact of adjustment of redeemable limited partners’ capital to redemption amount, (iii) excluding the effect of non-recurring and non-cash items, (iv) assuming the exchange of all the Class B common units for shares of Class A common stock, which results in the elimination of non-controlling interest in Premier LP, and (v) reflecting an adjustment for income tax expense on non-GAAP fully distributed net income before income taxes at the company’s estimated effective income tax rate. We define adjusted fully distributed earnings per share as adjusted fully distributed net income divided by diluted weighted average shares. These measures assist our board of directors, management and investors in comparing our net income and earnings per share on a consistent basis from period to period because these measures remove non-cash and non-recurring items, and eliminate the variability of non-controlling interest that results from member owner exchanges of Class B common units into shares of Class A common stock.

EBITDA is defined as net income before loss from discontinued operations, net of tax, interest and investment income, net, income tax expense, depreciation and amortization and amortization of purchased intangible assets. Adjusted EBITDA is defined as EBITDA before merger and acquisition related expenses and non-recurring, non-cash or non-operating items, and including equity in net income of unconsolidated affiliates. For all Non-GAAP financial measures, we consider non-recurring items to be income or expenses and other items that have not been earned or incurred within the prior two years and are not expected to recur within the next two years. Such items include certain strategic and financial restructuring expenses. Non-operating items include gains or losses on the disposal of assets and interest and investment income or expense.

Segment adjusted EBITDA is defined as the segment’s net revenue less cost of revenue and operating expenses directly attributable to the segment, excluding depreciation and amortization, amortization of purchased intangible assets, merger and acquisition related expenses and non-recurring or non-cash items, and including equity in net income of unconsolidated affiliates. Operating expenses directly attributable to the segment include expenses associated with sales and marketing, general and administrative, and product development activities specific to the operation of each segment. General and administrative corporate expenses that are not specific to a particular segment are not included in the calculation of segment adjusted EBITDA. Segment Adjusted EBITDA also excludes any income and expense that has been classified as discontinued operations.

Adjusted EBITDA is a supplemental financial measure used by the company and by external users of the company’s financial statements.

Management considers adjusted EBITDA an indicator of the operational strength and performance of the company’s business. Adjusted EBITDA allows management to assess performance without regard to financing methods and capital structure and without the impact of other matters that management does not consider indicative of the operating performance of the business. Segment adjusted EBITDA is the primary earnings measure used by management to evaluate the performance of the company’s business segments.

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Free cash flow is defined as net cash provided by operating activities from continuing operations less distributions and tax receivable agreement payments to limited partners and purchases of property and equipment. Free cash flow does not represent discretionary cash available for spending as it excludes certain contractual obligations such as debt repayments. Management believes free cash flow is an important measure because it represents the cash that the company generates after payment of tax distributions to limited partners and capital investment to maintain existing products and services and ongoing business operations, as well as development of new and upgraded products and services to support future growth. Free cash flow is important because it allows the company to enhance stockholder value through acquisitions, partnerships, joint ventures, investments in related or complimentary businesses and/or debt reduction.

To properly and prudently evaluate our business, readers are urged to review the reconciliation of these non-GAAP financial measures, as well as the other financial tables, included at the end of this release. Readers should not rely on any single financial measure to evaluate the company’s business. In addition, the non-GAAP financial measures used in this release are susceptible to varying calculations and may differ from, and may therefore not be comparable to, similarly titled measures used by other companies.

Further information on Premier’s use of non-GAAP financial measures is available in the “Our Use of Non-GAAP Financial Measures” section of Premier’s Form 10-K for the year ended June 30, 2019.

Forward-Looking Statements

Statements made in this release that are not statements of historical or current facts, such as those related to the current market environment and uncertainties, expected financial performance, non-GAAP free cash flow generation, share repurchases, if any, under our current and future stock repurchase program, the success of our incremental investments in growth opportunities, the statements related to fiscal 2020 outlook and guidance and the assumptions underlying such guidance, and the expected closing date and anticipated financial and operational impact of the acquisitions of the Acurity and Nexera businesses are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Premier to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as “believes,” “belief,” “expects,” “estimates,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. Forward-looking statements may include comments as to Premier’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside Premier’s control. More information on potential factors that could affect Premier’s financial results is included from time to time in the “Cautionary Note Regarding Forward-Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Premier’s periodic and current filings with the SEC, including those discussed under the “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” section of Premier’s Form 10-K for the year ended June 30, 2019 as well as the Form 10-Q for the quarter ended Dec. 31, 2019, expected to be filed with the SEC shortly after the date of this release, and also made available on Premier’s website at investors.premierinc.com. Forward-looking statements speak only as of the date they are made, and Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events that occur after that date, or otherwise.

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Contacts

(Tables Follow)

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Condensed Consolidated Statements of Income

(Unaudited)

(In thousands, except per share data)

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Condensed Consolidated Balance Sheets

(Unaudited)

(In thousands, except share data)

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Condensed Consolidated Statements of Cash Flows

(Unaudited)

(In thousands)

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Supplemental Financial Information

Reconciliation of Net Cash Provided by Operating Activities to Non-GAAP Free Cash Flow

(Unaudited)

(In thousands)

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Supplemental Financial Information

Reconciliation of Net Income from Continuing Operations to Adjusted EBITDA

Reconciliation of Operating Income to Segment Adjusted EBITDA

Reconciliation of Net Income Attributable to Stockholders to Non-GAAP Adjusted Fully Distributed Net Income

(Unaudited)

(In thousands)

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Supplemental Financial Information

Reconciliation of GAAP EPS to Non-GAAP EPS on Adjusted Fully Distributed Net Income

(Unaudited)

(In thousands, except per share data)

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