Premier 8K Results of Operations and Financial Condition | PINC 27 Aug 15

August 24, 2015

Fourth-Quarter and Fiscal Year 2015

Financial Results and Update

Exhibit 99.3

Forward-looking statements—Certain statements included in this presentation, including, but not

limited to, those related to our financial and business outlook, strategy and growth drivers, member

retention and renewal rates and revenue visibility, cross and upsell opportunities, acquisition activities

and pipeline, revenue available under contract, and 2016 financial guidance and related assumptions,

are “forward-looking statements” within the meaning of the federal securities laws. Forward-looking

statements may involve known and unknown risks, uncertainties and other factors that may cause the

actual results 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. 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 risks and other factors that could affect Premier’s

financial results is included, and updated, from time to time, in Premier’s periodic and current filings

with the SEC, including Premier’s most recent Form 10-K for the year ended June 30, 2015, to be filed

shortly thereafter.

Forward-looking statements speak only as of the date they are made. Premier

undertakes no obligation to publicly update or revise any forward-looking statements.

Non-GAAP financial measures—This presentation includes certain “non-GAAP financial measures”

as defined in Regulation G under the Securities Exchange Act of 1934. Schedules are attached that

reconcile the non-GAAP financial measures included in this presentation to the most directly

comparable financial measures calculated and presented in accordance with Generally Accepted

Accounting Principles in the United States. Our Form 10-K for the year ended June 30, 2015, to be

filed shortly hereafter, provides further explanation and disclosure regarding our use of non-GAAP

financial measures and should be read in conjunction with this presentation.

Forward-looking statements and Non-GAAP financial

measures

Susan DeVore, President & CEO

Overview and Business Update

Fiscal 2015 financial highlights

*See non-GAAP Adjusted EBITDA, Segment Adjusted EBITDA, and Adjusted Fully Distributed Earnings Per Share reconciliations to GAAP equivalents in Appendix.

Strong

performance

with

total

revenue

exceeding

billion

Net revenue increased 16%

Supply chain services revenue increased 16%

Performance services revenue increased 16%

Adjusted EBITDA increased 12% to $393.2 million

Adjusted

fully

distributed

earnings

per

increased

10%

$1.43

Fiscal 2015 operating highlights

Expanded our member base, finishing the year serving

~3,600 hospitals and ~120,000 other providers

Achieved 99% GPO retention rate and 94% SaaS

institutional renewal rate

Supply chain spend through GPO increased 7% to

$44 billion

Expanded and enhanced PremierConnect

platform

Strong growth in Bundled Payment Collaborative

Successfully integrated Theradoc

and Aperek

acquisitions

CECity

acquisition expands performance improvement

capabilities across the healthcare continuum

Closed on August 20, 2015

Leader in performance management and

improvement, pay-for-value reporting and

professional education for healthcare

professionals in ambulatory settings

Provides the ability to deliver unique end-to-end

solutions that span the continuum of care

Supporting providers as they move towards value-

based payment models

Purchase price of $400 million

Healthcare Insights acquisition enhances

PremierConnect Supply Chain

Closed on July 31, 2015

Integrated financial management software

developer providing budgeting, forecasting,

labor productivity and cost analytics

capabilities

Enabling a more comprehensive analytics

solution to Premier’s existing cost and quality

applications

Preparing for the growing movement to value-based

payments to include bundling, shared savings and

risk-based contracting

Purchase price of $65 million

Healthcare is accelerating towards alternative payment models –

population

health is here to stay

CURRENT

VBP &

regulatory cuts

HACs &

readmissions

Shared

savings

Bundled

payments

Full risk

sharing

FUTURE

HHS announces plan to

accelerate payment shift

Shifting fee-for-service,

Medicare payments to

alternative payment

models.

Congress passes

Medicare Access &

CHIP

Reauthorization Act of

2015 (MACRA)

Bill permanently reforms the

Medicare physician payment

system (Sustainable Growth

Rate formula).

Medicare payment reform –

a watershed transformation

Premier is well positioned to lead health systems through this

transformation

CMS announces plan to

introduce mandatory

payment model for joint

replacements

Hospitals will be held

accountable for the quality

and costs of care from time

of surgery through 90 days

after discharge.

Positioned to lead in rapidly evolving healthcare environment

Recent Medicare payment reform is a transformative trend that is accelerating

healthcare to alternate payment models and away from fee-for-service.

Member and

Industry Needs

Total cost reduction

Quality improvement

across the continuum

Evolving delivery and

payment models

Actionable data and

information

Premier Strategic

Differentiation

Scale

Co-innovation

Trusted to transform

from the inside

Leadership in population

health

Shared services and

infrastructure

Continuing our momentum into fiscal 2016

Expect year-over-year double-digit

revenue and adjusted EBITDA increases

Provider-centric model focused on serving

our members

Developing solutions in close collaboration

with members

Positioned to deliver consistent long-term

value to stockholders

Provider-centric and co-innovative alignment drives consistent and

increasing demand for our solutions

Michael Alkire, Chief Operating Officer

Operations Update

Addressing member needs for continuous improvement

PREMIERCONNECT

SUPPLY CHAIN

BILLING

PURCHASING

CLAIMS

CLINICAL

FINANCIAL

Combines People, Process, and Technology

Manage

Populations

Improve

Quality and Safety

Reduce

Costs

QUALITY &

REGULATORY

SAFETY

PREMIERCONNECT

OPERATIONS

PREMIERCONNECT

ENTERPRISE

POPULATION

HEALTH

PREMIERCONNECT

RESEARCH

PREMIERCONNECT

PREMIERCONNECT DATA SERVICES

PremierConnect

Quality

Premier Quality Cycle Management

Helping predict the financial impact of federal payment

programs to health systems based on clinical outcomes

PremierConnect

Population Health

Community Focus

Assisting health systems to acquire, integrate and

manage community-level health data

Creating targeted interventions to improve population

health management

Strengthening our platform of solutions

PremierConnect

Supply Chain

Enabling health systems to manage the entire procurement

process across their acute and ambulatory settings

Rochester Regional Health

Extended GPO contract through 2020

New PremierConnect

Quality, Supply Chain and Safety

relationships

Participation in QUEST and PACT performance

improvement collaboratives

4Q’15 New and expanded relationships

Peace Health

New PremierConnect

Enterprise relationship

Mercy Health

Extended PremierConnect

Enterprise, Quality and

Operations contracts

New specialty pharmacy member

5-year GPO contract extension

National Rural Health Association

New 5-year GPO contract

University of Tennessee Medical Center

Extended agreement through 2020 to include GPO,

PremierConnect

Quality, Safety and Operations

Platform provides path for successful integration

Combines People, Process, and Technology

PREMIERCONNECT

SUPPLY CHAIN

QUALITY &

REGULATORY

SAFETY

PREMIERCONNECT

OPERATIONS

PREMIERCONNECT

ENTERPRISE

PREMIERCONNECT

RESEARCH

PREMIERCONNECT

POPULATION

HEALTH

PREMIERCONNECT DATA SERVICES

PREMIERCONNECT

Unified Performance Management

Seamless Acute to Ambulatory Platform

Predictive

Analytics

Patient

Safety

Hospital

Acquired

Conditions

Hospital

eCQM

HEDIS

PQRS &

Value

Modifier

ACO

Ambulatory

eCQM

PCMH0

Acute Care

Ambulatory Care

Amb

Clinical

Amb

Billing

Additional Amb

Systems

Acute Clinical

Acute Billing

Additional

Acute

Systems

PREMIER

Data Sources

Integrated performance management across continuum

Premier

CECity

CECity

acquisition expands performance improvement

capabilities across the healthcare continuum

Leader in performance improvement, pay-for-

value reporting and professional education for

healthcare professionals in ambulatory settings

End-to-end solutions spanning care continuum

Support providers as they move towards advanced

payment models

1.2 million healthcare professionals

5,000 practices

100 professional societies

Craig McKasson, Chief Financial Officer

Financial Review

the

19.5

22.5

4Q'14

4Q'15

93.2

100.1

4Q'14

4Q'15

62.6

70.3

4Q'14

4Q'15

94.4

101.0

4Q'14

4Q'15

172.8

196.2

4Q'14

4Q'15

Fourth-quarter consolidated and segment highlights

Consolidated

Net revenue ($millions)

Supply Chain Services

Net revenue ($millions)

Performance Services

Net revenue ($millions)

Adjusted EBITDA

($millions)

Adjusted EBITDA ($millions)

*See non-GAAP Adjusted EBITDA and non-GAAP Segment Adjusted EBITDA reconciliations to GAAP equivalents in Appendix.

235.5

266.6

4Q'14

4Q'15

13%

14%

12%

15%

Fourth-quarter Supply Chain Services revenue

111.0

119.9

61.5

75.6

4Q'14

4Q'15

Net Admin Fees

Products

Other Services and Support

14%

172.8

196.2

Supply Chain Services

Net revenue ($millions)

Supply Chain Services revenue

increased 14%

GPO net admin fees revenue

increased 8%

Expanding contract penetration in

both acute and alternate site

Continuing impact of the

recruitment and conversion of new

members

Improved utilization trends

Products revenue increased 23%

Ongoing member support for direct

sourcing and specialty pharmacy

businesses

Fourth-quarter Performance Services revenue

62.6

70.3

4Q'14

4Q'15

12%

Performance Services

Net revenue ($millions)

Performance Services revenue

increased 12%

Continued growth of PremierConnect

SaaS-based subscriptions and

renewals

Continued growth of Advisory

Services led by engagements tied to:

Population health

Physician preference

Fourth-quarter adjusted EBITDA*

(20.7)

(23.4)

94.4

101.0

19.5

22.5

4Q'14

4Q'15

Corporate

Supply Chain Services

Performance Services

Adjusted EBITDA ($millions)

93.2

100.1

Consolidated adjusted EBITDA

increased 7%

Supply Chain Services adjusted

EBITDA increased 7%

Strong net admin fee revenue

growth

Performance Services adjusted

EBITDA increased 15%

New PremierConnect

SaaS-based

subscription sales

Contribution

from

Aperek

and

Theradoc acquisitions

Effective management of operating

expenses

See non-GAAP adjusted fully distributed net income and non-GAAP earnings per share on

fully distributed net income reconciliations to GAAP equivalents in Appendix

Fourth-quarter

non-GAAP adjusted fully distributed net

income

49.9

53.0

4Q'14

4Q'15

(in millions, except per share data)

$0.34

$0.36

Non-GAAP earnings per share on adjusted fully

distributed net income –

diluted

See non-GAAP adjusted fully distributed net income and non-GAAP earnings per share on

fully distributed net income reconciliations to GAAP equivalents in Appendix

Calculates income taxes at

40% on pre-tax income,

assuming taxable C corporate

structure

Calculates adjusted fully

distributed earnings per

share, assuming total Class A

and B common shares held

by public

Cash flow and capital flexibility at June 30, 2015

CONSIDERABLE CASH AND

DEBT CAPACITY

AVAILABLE

AMPLE CAPITAL

FLEXIBILITY FOR FUTURE

ACQUISITIONS AND

BUSINESS GROWTH

*Three months ended June 30, 2015. Company defines free cash flow as cash provided by operating activities less distributions to limited partners and

purchases of property and equipment. See non-GAAP free cash flow reconciliation to GAAP equivalent in Appendix.

Fiscal 2015 cash flow from operations of $364.1

million

Fourth-quarter free cash flow increases 28% to

$53.9 million

Cash, cash equivalents & marketable securities

of $561.9 million

No outstanding borrowings on $750 million five-

year unsecured revolving credit facility

Subsequent to fiscal year end, Premier used approximately $315 million in cash and $150

million from its credit facility to fund the acquisitions of Healthcare Insights and CECity

Fiscal 2016 annual guidance*

Guidance is based on comparisons with prior-year non-GAAP pro forma results, which have been adjusted to reflect the impact of the company’s reorganization and IPO. The

Company does not reconcile guidance for adjusted EBITDA and non-GAAP adjusted fully distributed net income per-share to net income (loss) or GAAP earnings per share

because the Company does not provide guidance for reconciling items between net income (loss) and adjusted EBITDA and non-GAAP adjusted fully distributed earnings per

share. The Company is unable to provide guidance for these reconciling items since certain items that impact net income (loss) are outside of the Company’s control and cannot be

reasonably predicted. Accordingly, a reconciliation to net income (loss) or GAAP earnings per share is not available without unreasonable effort.

Financial guidance for year ending June 30, 2016:

Supply Chain Services growth driven by:

Mid-single-digit net administrative fee revenue

growth

16-19% product revenue growth

Continued high GPO retention rates

Guidance Assumptions:

Performance Services growth driven by:

Continued demand for integrated offerings of SaaS-based

subscription and licensed products, advisory services and

collaboratives

Continuation of high SaaS institutional renewal rates

$30-35 million revenue and $7-9 million adjusted EBITDA

contributions from CECity and Healthcare Insights acquisitions

(in millions, except per share data)

FY 2016

% YoY Increase

Net Revenue:

Supply Chain Services segment

$792.0 -

$813.0

7% -

10%

Performance Services segment

$346.0 -

$355.0

29% -

32%

Total Net Revenue

$1,138.0 -

$1,168.0

13% -

16%

Non-GAAP adjusted EBITDA

$425.0 -

$444.0

8% -

13%

Non-GAAP adjusted fully distributed EPS

$1.54 -

$1.62

8% -

13%

Fiscal 2016 Financial Guidance

Premier, Inc. introduces full-year fiscal 2016 financial guidance, as follows:

Capital expenditures of ~$83M for the year

Adjusted EBITDA margin approximating

37-38% of net revenue

Effective tax rate of 40%

Additional fiscal 2016 guidance assumptions

Exchange update

On July 31

2015, approximately 91,000

Class B units were exchanged for Class A

common shares on 1-for-1 basis; equal

number of Class B common shares retired

The upcoming October 31, 2015 exchange

process is underway.

Maximum of 6.2 million shares indicated for exchange

Indicated shares remain subject to retraction and

purchase by other member owners under right-of-

first-refusal process

Questions

Appendix

Fiscal 2015 and fiscal 2014 non-GAAP reconciliations

2015*

2014*

2015*

2014

Reconciliation of Pro Forma Net Revenue to Net Revenue:

Pro Forma Net Revenue

266,553

235,466

1,007,029

869,286

Pro forma adjustment for revenue share post-IPO

—

41,263

Net Revenue

266,553

235,466

1,007,029

910,549

Net income

32,061

66,632

234,785

332,617

Pro forma adjustment for revenue share post-IPO

—

(41,263)

Interest and investment income, net

(349)

(378)

(866)

(1,019)

Income tax expense

24,235

3,248

36,342

27,709

Depreciation and amortization

12,079

9,809

45,186

36,761

Amortization of purchased intangible assets

2,538

904

9,136

3,062

EBITDA

70,564

80,215

324,583

357,867

Stock-based compensation

7,369

6,358

28,498

19,476

Acquisition related expenses

2,629

711

9,037

2,014

Strategic and financial restructuring expenses

146

1,373

3,760

(Gain) loss on investment

—

(522)

1,000

(38,372)

Adjustment to tax receivable agreement liability

—

6,215

—

6,215

Acquisition related adjustment -

deferred revenue

4,147

—

13,371

—

Loss on disposal of long-lived assets

15,243

Other expense (income), net

121

Adjusted EBITDA

100,104

93,244

393,175

351,025

Segment Adjusted EBITDA:

Supply Chain Services

100,970

94,394

391,180

396,470

Pro forma adjustment for revenue share post-IPO

—

(41,263)

Supply Chain Services

(including pro forma adjustment)

100,970

94,394

391,180

355,207

Performance Services

22,518

19,531

90,235

73,898

Corporate

(23,384)

(20,681)

(88,240)

(78,080)

Adjusted EBITDA

100,104

93,244

393,175

351,025

Depreciation and amortization

(12,079)

(9,809)

(45,186)

(36,761)

Amortization of purchased intangible assets

(2,538)

(904)

(9,136)

(3,062)

Stock-based compensation

(7,369)

(6,358)

(28,498)

(19,476)

Acquisition related expenses

(2,629)

(711)

(9,037)

(2,014)

Strategic and financial restructuring expenses

(92)

(146)

(1,373)

(3,760)

Adjustment to tax receivable agreement liability

—

(6,215)

—

(6,215)

Acquisition related adjustment -

deferred revenue

(4,147)

—

(13,371)

—

Equity in net income of unconsolidated affiliates

(6,473)

(4,805)

(21,285)

(16,976)

Deferred compensation plan expense (income)

544

(1,972)

753

(1,972)

65,321

62,324

266,042

260,789

Pro forma adjustment for revenue share post-IPO

—

41,263

Operating income

65,321

62,324

266,042

302,052

Equity in net income of unconsolidated affiliates

6,473

4,805

21,285

16,976

Interest and investment income, net

349

378

866

1,019

(Loss) gain on investment

—

522

(1,000)

38,372

Loss on disposal of long-lived assets

(15,243)

—

(15,243)

—

Other (expense) income, net

(604)

1,851

(823)

1,907

Income before income taxes

56,296

69,880

271,127

360,326

* Note that no pro forma adjustments were made for the three months and year ended June 30, 2015 and the three months ended June

30,

2014; as such, actual results are presented for each of these periods.

Three Months Ended

June 30,

Year Ended

June 30,

Supplemental Financial Information -

Reporting of Pro Forma Adjusted EBITDA

(Unaudited)

(In thousands)

Reconciliation of Selected Non-GAAP Measures to GAAP Measures

and Non-GAAP Adjusted Fully Distributed Net Income

Reconciliation of Net Income to Adjusted EBITDA and Reconciliation of Segment Adjusted EBITDA to Income Before Income Taxes:

Fiscal 2015 and fiscal 2014 non-GAAP reconciliations

2015*

2014*

2015*

2014

Reconciliation of Non-GAAP Pro Forma Adjusted Fully Distributed Net Income:

Net income attributable to shareholders

7,990

8,879

38,743

28,332

Pro forma adjustment for revenue share post-IPO

—

(41,263)

Income tax expense

24,235

3,248

36,342

27,709

Stock-based compensation

7,369

6,358

28,498

19,476

Acquisition related expenses

2,629

711

9,037

2,014

Strategic and financial restructuring expenses

146

1,373

3,760

(Gain) loss on investment

—

(522)

1,000

(38,372)

Adjustment to tax receivable agreement liability

—

6,215

—

6,215

Acquisition related adjustment -

deferred revenue

4,147

—

13,371

—

Loss on disposal of long-lived assets

15,243

—

15,243

—

Amortization of purchased intangible assets

2,538

904

9,136

3,062

Net income attributable to noncontrolling interest in Premier LP

24,071

57,281

194,206

303,336

Non-GAAP pro forma adjusted fully distributed income before income taxes

88,314

83,220

346,949

314,269

Income tax expense on fully distributed income before income taxes

35,326

33,288

138,780

125,708

Non-GAAP Pro Forma Adjusted Fully Distributed Net Income

52,988

49,932

208,169

188,561

* Note that no pro forma adjustments were made for the three months and year ended June 30, 2015 and the three months ended June

30,

2014; as such, actual results are presented for each of these periods.

Three Months Ended

June 30,

Year Ended

June 30,

Supplemental

Financial

Information

Reporting

Pro

Forma

Adjusted

EBITDA

(Unaudited)

(In thousands)

Reconciliation of Selected Non-GAAP Measures to GAAP Measures

and Non-GAAP Adjusted Fully Distributed Net Income

Fiscal 2015 and fiscal 2014 non-GAAP reconciliations

2015

2014

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

Net cash provided by operating activities

108,483

79,431

Purchases of property and equipment

(19,670)

(15,898)

Distributions to limited partners

(23,412)

(21,299)

Payments to limited partners under tax receivable agreements

(11,499)

—

Non-GAAP free cash flow

53,902

42,234

Supplemental Financial Information - Reporting of Non-GAAP Free Cash Flow

Reconciliation of Selected Non-GAAP Measures to GAAP Measures

(Unaudited)

(In thousands)

Three Months Ended

June 30,

Fiscal 2015 and fiscal 2014 non-GAAP reconciliations

2015*

2014*

2015*

2014

Reconciliation of numerator for GAAP EPS to Non-GAAP EPS on Net Income Attributable to Stockholders

Net (loss) income attributable to stockholders after adjustment of redeemable

(84,076)

491,389

(865,292)

(2,713,256)

Adjustment of redeemable limited partners' capital to redemption amount

92,066

(482,510)

904,035

2,741,588

Net income attributable to stockholders

7,990

8,879

38,743

28,332

Reconciliation of denominator for GAAP EPS to Non-GAAP EPS on Net Income Attributable to Stockholders

Weighted Average:

Common shares used for basic and diluted earnings per share

37,576

32,375

35,681

25,633

Potentially dilutive shares

1,592

194

1,048

124

Weighted average fully distributed shares outstanding - diluted

�� 39,168

32,569

36,729

25,757

Reconciliation of GAAP EPS to Non-GAAP EPS on Net Income Attributable to Stockholders

GAAP earnings (loss) per share

$ (2.24)

$ 15.18

$ (24.25)

$ (105.85)

Impact of adjustment of redeemable limited partners' capital to redemption amount

$ 2.45

$ (14.90)

$ 25.34

$ 106.96

Impact of potentially dilutive shares

$ (0.01)

$ (0.04)

$ (0.01)

Non-GAAP earnings per share on net income attributable to stockholders - diluted

$ 0.20

$ 0.27

$ 1.05

$ 1.10

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

Net (loss) income attributable to shareholders after adjustment of redeemable

limited partners' capital to redemption amount

(84,076)

491,389

(865,292)

(2,713,256)

Adjustment of redeemable limited partners' capital to redemption amount

92,066

(482,510)

904,035

2,741,588

Net income attributable to shareholders

7,990

8,879

38,743

28,332

Pro forma adjustment for revenue share post-IPO

—

(41,263)

Income tax expense

24,235

3,248

36,342

27,709

Stock-based compensation

7,369

6,358

28,498

19,476

Acquisition related expenses

2,629

711

9,037

2,014

Strategic and financial restructuring expenses

146

1,373

3,760

(Gain) loss on investment

—

(522)

1,000

(38,372)

Adjustment to tax receivable agreement liability

—

6,215

—

6,215

Acquisition related adjustment - deferred revenue

4,147

—

13,371

—

Loss on disposal of long-lived assets

15,243

—

15,243

—

Amortization of purchased intangible assets

2,538

904

9,136

3,062

Net income attributable to noncontrolling interest in Premier LP

24,071

57,281

194,206

303,336

Non-GAAP pro forma adjusted fully distributed income before income taxes

88,314

83,220

346,949

314,269

Income tax expense on fully distributed income before income taxes

35,326

33,288

138,780

125,708

Non-GAAP pro forma adjusted fully distributed net income

52,988

49,932

208,169

188,561

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

Weighted Average:

Common shares used for basic and diluted earnings per share

37,576

32,375

35,681

25,633

Potentially dilutive shares

1,592

194

1,048

124

Class A common shares outstanding

6,742

Conversion of Class B common units

106,471

112,511

108,518

112,584

Weighted average fully distributed shares outstanding - diluted

145,639

145,080

145,247

145,083

Reconciliation of GAAP EPS to Adjusted Fully Distributed EPS

GAAP earnings (loss) per share

$ (2.24)

$ 15.18

$ (24.25)

$ (105.85)

Impact of adjustment of redeemable limited partners' capital to redemption amount

$ 2.45

$ (14.90)

$ 25.34

$ 106.96

Impact of additions:

Pro forma adjustment for revenue share post-IPO

$ -

$ (1.61)

Income tax expense

$ 0.64

$ 0.10

$ 1.02

$ 1.08

Stock-based compensation

$ 0.20

$ 0.80

$ 0.76

Acquisition related expenses

$ 0.07

$ 0.02

$ 0.25

$ 0.08

Strategic and financial restructuring expenses

$ 0.00

$ 0.04

$ 0.15

(Gain) loss on investment

$ -

$ (0.02)

$ 0.03

$ (1.50)

Adjustment to tax receivable agreement liability

$ -

$ 0.19

$ -

$ 0.24

Acquisition related adjustment - deferred revenue

$ 0.11

$ -

$ 0.37

$ -

Loss on disposal of long-lived assets

$ 0.41

$ -

$ 0.43

$ -

Amortization of purchased intangible assets

$ 0.07

$ 0.03

$ 0.26

$ 0.12

Net income attributable to noncontrolling interest in Premier LP

$ 0.64

$ 1.77

$ 5.44

$ 11.83

Impact of corporation taxes

$ (0.94)

$ (1.03)

$ (3.90)

$ (4.90)

Impact of increased share count

$ (1.05)

$ (1.20)

$ (4.40)

$ (6.06)

Non-GAAP earnings per share on adjusted fully distributed net income - diluted

$ 0.36

$ 0.34

$ 1.43

$ 1.30

* Note that no pro forma adjustments were made for the three months and year ended June 30, 2015 and the three months ended June 30, 2014; as

such, actual results are presented for each of these periods.

Three Months Ended

June 30,

Year Ended

June 30,

Supplemental Financial Information - Reporting of Net Income and Earnings Per Share

(Unaudited)

(In thousands, except per share data)

Reconciliation of Selected Non-GAAP Measures to GAAP Measures

Premier (PINC) 8-KResults of Operations and Financial Condition