Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
NEW YORK (AP) - Shares of Premier Inc. climbed Thursday after the company's initial public offering of stock raised $760 million.
The Charlotte, N.C., company collects and analyzes clinical and financial data for health care facilities.
It priced 28.2 million shares at $27 each. That's above the expected range of $23 to $26 a share, suggesting healthy demand for the shares.
The stock closed up $3.65, or 13.5 percent, to $30.65. It trades on the Nasdaq under the "PINC" symbol.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)