Healthcare Providers and Services
Company Overview of Premier Healthcare Alliance, LP
Premier Healthcare Alliance, LP operates as a health care strategic alliance enterprise and enables the hospitals to improve their clinical and financial performance in the United States. It offers group purchasing and supply chain services, clinical and operational performance measurement, benchmarking, and insurance programs to its members and clients. Premier Healthcare Alliance, LP was formerly known as Premier Purchasing Partners, LP. The company was founded in 1990 and is based in Charlotte, North Carolina. Premier Healthcare Alliance, LP operates as a subsidiary of Premier, Inc.
13034 Ballantyne Corporate Place
Charlotte, NC 28277
Founded in 1990
Key Executives for Premier Healthcare Alliance, LP
Chief Executive Officer and President
Chief Executive Officer and President
President of Premier Insurance Management Services
Senior Vice President of Public Affairs
Compensation as of Fiscal Year 2015.
Premier Healthcare Alliance, LP Key Developments
Premier Healthcare Alliance, L.P., Premier Supply Chain Improvement, Inc. and Premier Healthcare Solutions, Inc. Enters into First Amendment to the Unsecured Credit Agreement
Jun 4 15
On June 4, 2015, Premier Healthcare Alliance, L.P., Premier Supply Chain Improvement, Inc. and Premier Healthcare Solutions, Inc. as co-Borrowers, Premier Services, LLC (Services) and certain domestic subsidiaries of Services, as Guarantors, Wells Fargo Bank, National Association, as Administrative Agent, Swing Line Lender and L/C Issuer, other lenders from time to time party thereto, and Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as Joint Lead Arrangers and Joint Book Managers, entered into the first amendment (the Amendment) to the unsecured Credit Agreement, dated as of June 24, 2014 (the Credit Agreement). The Amendment revises clause (e) of the definition of Change of Control in Section 1.01 of the Credit Agreement to remove language that could be viewed as restricting the ability of stockholders to nominate and elect new directors, commonly referred to as a dead hand proxy put. The Amendment is responsive to recent developments under Delaware law occurring after the date of the original Credit Agreement. Under the Credit Agreement, the occurrence of a Change of Control, among other events, constitutes an event of default. If any event of default occurs and is continuing, the Administrative Agent may, with the consent, or shall, at the request of a majority of the lenders, terminate the commitments and declare all of the amounts owed under the Credit Agreement to be immediately due and payable. As of the date of this report, there are no borrowings outstanding under the Credit Agreement. All other terms of the Credit Agreement remain the same and are described in more detail in the Current Report on Form 8-K previously filed on June 25, 2014. In the ordinary course of their business, the lenders and certain of their affiliates have in the past or may in the future engage in investment and commercial banking or other transactions of a financial nature with Co-Borrowers or their affiliates, including the provision of certain advisory services and the making of advances under the Credit Agreement and other loans to Co-Borrowers and their affiliates.
Premier Healthcare Alliance, L.P., Premier Supply Chain Improvement, Inc. and Premier Healthcare Solutions, Inc. Enter into Unsecured Credit Agreement
Jun 25 14
On June 24, 2014, Premier Healthcare Alliance, L.P. along with its wholly owned subsidiaries, Premier Supply Chain Improvement, Inc. and Premier Healthcare Solutions, Inc., as co-borrowers, Premier Services, LLC and certain domestic subsidiaries of services, as guarantors, Wells Fargo Bank, National Association, as administrative agent, Swing Line Lender and L/C Issuer, other lenders from time to time party thereto, and Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as Joint Lead Arrangers and Joint Book Managers, entered into an unsecured credit agreement, dated as of June 24, 2014. The credit agreement has a maturity date of June 24, 2019. The credit agreement provides for a revolving credit facility of up to $750.0 million with a $25.0 million subfacility for standby letters of credit and a $75.0 million subfacility for swingline loans. The credit agreement also provides that co-borrowers may from time to time request an increase in the maximum principal amount of the credit facility up to an aggregate of $250.0 million, subject to the approval of the lenders providing such increase. The credit agreement contains an unconditional and irrevocable guaranty of all obligations of co-borrowers under the credit agreement by the current and future guarantors. Premier is not a guarantor under the credit agreement. The credit agreement refinanced the loan agreement, dated as of December 16, 2011, among PHSI, PHA, certain subsidiary guarantors and Wells Fargo Bank, National Association, and the prior loan agreement was terminated on the closing date. The prior loan agreement included a $100.0 million senior secured revolving credit facility with an accordion feature providing the ability to borrow an additional $100.0 million. The prior loan agreement was scheduled to mature on December 16, 2014. In connection with the termination of the prior loan agreement, all obligations and rights under the related security agreement, dated December 16, 2011, by and among PHSI, PHA, certain subsidiary guarantors and Wells Fargo Bank, National Association were also simultaneously terminated. At the time of its termination, there were no outstanding borrowings under the prior loan agreement.
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