<SEC-DOCUMENT>0001193125-16-632169.txt : 20160627
<SEC-HEADER>0001193125-16-632169.hdr.sgml : 20160627
<ACCEPTANCE-DATETIME>20160627074555
ACCESSION NUMBER:		0001193125-16-632169
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160624
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160627
DATE AS OF CHANGE:		20160627

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Premier, Inc.
		CENTRAL INDEX KEY:			0001577916
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MANAGEMENT SERVICES [8741]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36092
		FILM NUMBER:		161732173

	BUSINESS ADDRESS:	
		STREET 1:		13034 BALLANTYNE CORPORATE PLACE
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28277
		BUSINESS PHONE:		704-357-0022

	MAIL ADDRESS:	
		STREET 1:		13034 BALLANTYNE CORPORATE PLACE
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28277
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d216710d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM&nbsp;8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d)</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of Earliest Event Reported):&nbsp;June&nbsp;24, 2016 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Premier, Inc. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact
Name of Registrant as Specified in its Charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-36092</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>35-2477140</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or Other Jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of Incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>13034 Ballantyne Corporate Place </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Charlotte, NC 28277 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of Principal Executive Offices) (Zip Code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(704)&nbsp;357-0022 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s Telephone Number, Including Area Code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
Name or Former Address, if Changed Since Last Report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On June&nbsp;24, 2016, Keith J. Figlioli resigned from his position as Senior
Vice President of Healthcare Informatics of Premier, Inc. (the &#147;Company&#148;), effective as of June&nbsp;27, 2016. Mr.&nbsp;Figlioli will remain with the Company and serve in an executive consulting role through August&nbsp;31, 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with the departure, the Company and Mr.&nbsp;Figlioli have entered into a Transition Agreement and Release (the &#147;Transition
Agreement&#148;) that, if not revoked by Mr.&nbsp;Figlioli within seven days pursuant to his statutory right to do so unilaterally, will be effective from June&nbsp;27, 2016. Under the terms of the Transition Agreement, above and beyond any final
pay, earned bonus amounts and benefits owed to him upon departure, and in lieu of the 12 months of severance outlined in his employment agreement with the Company, Mr.&nbsp;Figlioli will receive (i)&nbsp;base salary (in an amount of $40,127.50 per
month) and benefit continuation for a 2-month transition period from June&nbsp;27, 2016 through August 31, 2016, subject to applicable withholdings and deductions; (ii)&nbsp;12 months of severance pay in an aggregate amount of $481,530, subject to
applicable withholdings and deductions, payable on a semi-monthly basis over a12-month period following August&nbsp;31, 2016; (iii)&nbsp;additional severance in an aggregate amount of $14,596 for use in paying COBRA insurance premiums or other
expenses, subject to applicable withholdings and deductions, payable on a semi-monthly basis over a 12-month period following August&nbsp;31, 2016; and (iv)&nbsp;12 months of executive outplacement assistance, payable directly to the outplacement
vendor. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In exchange for the consideration provided by the Transition Agreement, Mr.&nbsp;Figlioli has agreed to, among other things,
(i)&nbsp;refrain from engaging in certain competitive activities as previously agreed to by him for 12 and in some cases 18 months following his final separation date, including non-compete and non-solicitation provisions; (ii)&nbsp;preserve and not
disclose the Company&#146;s confidential information as previously agreed to by him for 5 years following his final separation date; (iii)&nbsp;fully release the Company and its subsidiaries and affiliate companies from all claims arising from his
employment with or separation from the Company; and (iv)&nbsp;cooperate and assist the Company in transitioning his work assignments and responsibilities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the terms of his equity award agreements, Mr.&nbsp;Figlioli will be entitled to the following with respect to outstanding and
unvested equity awards: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Performance Shares &#151; a pro rata portion of the performance shares will be paid out upon certification of the actual results under each respective grant, based on the following formula: total number of performance
shares (based on actual performance results) multiplied by the number of days of active service following the beginning of the respective performance cycle divided by 1,095 days. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Restricted Stock Units (RSUs) &#151; vest in a pro rata portion of shares underlying RSUs equal to number of days of active service since the grant date divided by 1,095 days. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Stock Options &#151; vest in the portion of the option that would have otherwise vested over the 12-month period following the date of termination. Any vested options will be exercisable for the time periods set forth
in the respective award agreements, generally one year thereafter (but not beyond the original expiration date). </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
foregoing description of the Transition Agreement is qualified in its entirety by reference to the terms of the Transition Agreement, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;8.01. Other Events. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On June&nbsp;27, 2016 the
Company announced the appointment of Leigh Anderson to the position of Senior Vice President and Chief Information Officer, effective as of June&nbsp;27, 2016. In his new role, Mr.&nbsp;Anderson will be responsible for the continued development and
growth of the enterprise-wide, cloud-based informatics business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Anderson, who has more than two decades of informatics experience in corporate
and provider settings, joined the Company in 2013. In his role as the Company&#146;s chief operating officer for information and technology services, he ran the day-to-day operations of the informatics business. Prior to joining the Company, he
served in lead informatics roles at Hospital Corporation of America, Health Trust, Global Healthcare Exchange (GHX) and AT&amp;T. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9.01. Financial Statements and Exhibits. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d) Exhibits. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Transition Agreement and Release, dated June&nbsp;24, 2016</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="5">Premier, Inc.</TD></TR>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Susan D. DeVore</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Susan D. DeVore</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Chief Executive Officer and President</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: June&nbsp;27, 2016 </P>
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<TYPE>EX-10.1
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<FILENAME>d216710dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1<BR> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June&nbsp;24, 2016 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Keith Figlioli </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Re: Transition Agreement and Release </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Keith: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As we discussed, the purpose of this letter is to confirm the <I>updated </I>details related to the package that Premier HealthCare Solutions, Inc.
(&#147;Premier&#148;) will provide you in exchange for your entering into this Transition Agreement and Release (the &#147;Agreement&#148;). Because of various requirements relating to separations, some of the language in the Agreement is somewhat
formal, for which we apologize. However, we hope that this package will be helpful to you, and we thank you for your past commitment to Premier. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1.
Last Day of Employment and Transition. </B>Per our discussion, the intent of this Agreement is for you to enter into a period where you will transition your responsibilities as Senior Vice President, Healthcare Informatics, effective beginning on
<B>June&nbsp;27, 2016</B>. Further, you and Premier agree that if you sign and do not revoke this Agreement, and provided all conditions of this Agreement are met by you, after June&nbsp;27, 2016, you shall continue to be employed by Premier in an
executive consulting capacity for a period through <B>August&nbsp;31, 2016</B>, upon which your employment with Premier shall end (the &#147;Separation Date&#148;) (collectively, the &#147;Transition Period&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the Transition Period up to your final Separation Date, you and Premier agree that you will no longer be providing executive leadership to the
Healthcare Informatics team, and you will cease to be an officer of Premier and/or its related entities. Instead, you will expected to remain reasonably available to consult, provide assistance and address questions/issues as the President and Chief
Executive Officer of Premier, Susan DeVore, may from time to time reasonably request if and as the need arises with respect to (a)&nbsp;the transition of your position responsibilities and pending matters / projects, and (b)&nbsp;subject matters
that are within the current scope of your job duties, responsibilities and expertise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>2. Final Pay. </B>With respect to the final pay to be provided
to you upon your separation, you should know that regardless of whether you sign this Agreement: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">You will be paid your regular salary through your last day of employment, less applicable withholding required by law. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(Note: if you enter into this Agreement, your last day of employment will not occur on June 27, 2016, and your regular compensation and
benefits will be extended through your August 31, 2016 Separation Date, as is described more fully in Section&nbsp;6 below). </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">You will be paid all accrued, unused vacation due you through your last day of employment, less applicable withholding required by law. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">You will be reimbursed for any reasonable and necessary business expenses incurred through the last day of employment, provided such expenses: (a)&nbsp;were approved by your manager, (b)&nbsp;are submitted to Premier
with appropriate supporting documentation and in accordance with applicable policies, and (c)&nbsp;are submitted no later than 30 days following the Separation Date. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>


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<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Your current health insurance coverage and other group benefits will terminate effective as of your last day of employment. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Despite the end of your regular benefits, you will be notified about your rights regarding potential continuation of your healthcare insurance coverage in accordance with the requirements of the Consolidated Omnibus
Budget Reconciliation Act (&#147;COBRA&#148;), as well as the costs and conditions of that option. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">As a participant in Premier&#146;s 401(k) plan, your enrollment will end effective on your last day of employment. You can complete a distribution request form to withdraw or roll over your vested funds to an individual
retirement account or another qualified plan. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3. Annual Incentive Plan. </B>Regardless of whether you sign this Agreement, Premier shall
pay you a full, non pro-rated bonus as a participant in the Annual Incentive Plan for fiscal year 2016 (July 1, 2015 - June&nbsp;30, 2016, &#147;FY2016&#148;) <I>through June&nbsp;30, 2016</I>. Premier agrees that performance will be measured by
your FY2016 Incentive Grid, and the FY2016 bonus shall be calculated pursuant to the terms and conditions in the Incentive Plan and paid when Premier pays current employees under the Incentive Plan (which generally occurs in and around September,
but in any event such payment shall be made during the 2016 calendar year). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>4. Deferred Compensation. </B>Regardless of whether you sign this
Agreement, following your last day of employment, you shall cease to be an active participant in the awards and other benefits under the Premier, Inc. Deferred Compensation Plan (the &#147;Deferred Compensation Plan&#148;). You and Premier also
agree that you will not accrue any additional awards, credits, contributions or benefits under the Deferred Compensation Plan after your last day of employment. Your rights to, and Premier&#146;s obligations concerning, vested benefits that you have
accrued under the Deferred Compensation Plan through your last day of employment and distributions to you arising under the same shall be governed by and made in accordance with the terms and conditions of such plan and applicable law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>5. Equity. </B>Regardless of whether you sign this Agreement, Premier agrees to provide you with your eligible equity and/or payments as a participant
under the Premier, Inc. 2013 Equity Incentive Plan (&#147;EIP&#148;) and/or the Employee Stock Purchase Plan (&#147;ESPP&#148;), as applicable, which shall be calculated, provided, governed by and/or paid to you in accordance with the terms, rules,
restrictions and conditions of such applicable plan(s) and the prior restricted stock unit, performance share and non-qualified stock option award agreements provided to you, if any, as applicable. <B>To the extent applicable, Premier further agrees
to treat your separation under the terms of such equity plan(s) and any related award agreements as that of a </B><B><I>&#147;good leaver&#148; and/or &#147;involuntary termination without cause &#151; non-change in control event&#148;</I></B> for
purposes of calculating applicable vesting, payment, option exercise and other terms. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6. Separation Benefits. </B>Subject to the terms and conditions
in this Agreement, in exchange for you entering into this Agreement and complying with its terms, Premier will provide you the separation benefits described in this section (collectively, the &#147;Separation Benefits&#148;) following the Separation
Date and this Agreement&#146;s Effective Date (as defined in Section&nbsp;17 below), whichever occurs later. Your right to the Separation Benefits described below is expressly conditioned on your timely execution, delivery to Premier and
non-revocation of the release of claims contained in this Agreement, as is also required per the terms of the Executive Employment Agreement with Premier previously signed by you on September 17, 2013 (the &#147;Employment Agreement&#148;). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"><B>Separation Communications. </B>If you desire, we will reflect your separation as resulting from a mutual separation / resignation for purposes of communications with individuals requesting future employment
references. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"><B>Transition Period Compensation. </B>Despite your position transition beginning today, Premier agrees that you shall be paid your regular compensation at your current semi-monthly base amount of $20,063.75 and
benefits during your Transition Period <I>from June&nbsp;27, 2016 through your final Separation Date (i.e., August&nbsp;31, 2016)</I>, less applicable withholding as required by law, except that you and Premier agree that you shall not remain
eligible for and shall not participate in the Annual Incentive Plan for fiscal year <I>2017 </I>(July 1, 2016 &#151; June&nbsp;30, 2017) (collectively, the &#147;Transition Period Compensation&#148;). Further, all insurance coverage and other
benefits provided to you by Premier will then terminate and cease to be in effect as of the Separation Date, unless otherwise continued by you under COBRA or converted to individual plans if and as allowed under the terms of such applicable plans /
policies. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"><B>Severance Pay. </B>Premier shall pay you twelve (12)&nbsp;months of severance pay (in addition to the two (2)&nbsp;months of Transition Period Compensation noted above) equal to a pre-withholding amount of $481,530,
payable in equal semi-monthly installments less applicable withholding as required by law (the &#147;Severance Pay&#148;) during the period commencing immediately following your Separation Date and this Agreement&#146;s Effective Date, whichever
occurs later. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top"><B>Additional Severance Pay. </B>Premier shall pay you a semi-monthly amount of $608.17 for a twelve (12)&nbsp;month period following your Separation Date and this Agreement&#146;s Effective Date, whichever occurs
later, less applicable withholdings as required by law, for use in paying COBRA premium expenses or as you otherwise deem appropriate, in your sole discretion (the &#147;Additional Severance Pay&#148;). The total pre-withholding amount payable under
this provision is equal to $14,596 and is generally equivalent to the amount Premier would have otherwise paid for continued health insurance coverage for you and your dependents if you had remained an active employee during this payment period.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top"><B>Outplacement Services. </B>Premier agrees to provide you a twelve (12)&nbsp;month outplacement program through a Premier contracted provider, TalentBridge HR Advisory, following your Separation Date and this
Agreement&#146;s Effective Date (as defined below), whichever occurs later. In order to receive these outplacement services, you must initiate your participation in the program within 30 days of the Separation Date. Premier will pay the outplacement
provider directly, and all outplacement services and expenses must be reviewed and approved by Premier to be eligible for payment by Premier. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">f)</TD>
<TD ALIGN="left" VALIGN="top"><B>Severance Timing. </B>Notwithstanding the foregoing, because of the timing and optional revocation requirements mandated by law as set forth in Section&nbsp;16 and 17 below, the Severance Pay and Additional Severance
Pay described above will begin on Premier&#146;s first regular payday that is at least 10 days following the Effective Date of this Agreement or the Separation Date, whichever is later (but not longer than 60 days after your Separation Date in any
event), and will include Severance Pay and Additional Severance Pay for the period from your Separation Date through the first installment payment date. The remaining Severance Pay and Additional Severance Pay installments will be paid over time
during the time periods described above on a semi-monthly basis in accordance with Premier&#146;s normal payroll practices for its employees. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Thus, as outlined below, although you may take up to 45 days to consider and sign this Agreement, you may sign the Agreement <I>before </I>the
end of the 45-day period should you wish to do so in order to avoid an initial gap in pay. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7. No Other Payments or Benefits. </B>You acknowledge and agree that, except for the rights described in this
Agreement, you are not entitled to any additional wages, vacation pay, bonuses, incentive pay, annual incentive compensation plan awards, long term incentive compensation plan awards, commissions, compensation, severance pay, deferred compensation,
equity awards, restricted stock, performance shares, stock options, benefits, or consideration of any kind from Premier or any of its affiliated companies. However, signing this Agreement will not: (a)&nbsp;affect any <I>vested </I>rights you may
have under any Premier equity plan or Premier sponsored 401(k), retirement, or similar plan; or (b)&nbsp;affect your ability to exercise any post-separation conversion rights provided to you under Premier&#146;s insurance and benefits plans, if any.
You represent and agree that you have been fully and properly paid by Premier for all hours you have worked for Premier and that Premier does not owe you any wages, fines, damages or other amounts related to hours worked. You also affirm that you
have no known and unreported work related injuries or occupational diseases as of the date you sign this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8. Full and General Release.
</B>You, on behalf of yourself and your agents, attorneys, heirs and assigns, hereby fully release and forever discharge, to the fullest extent permitted by applicable law, Premier and its parent company, subsidiaries and affiliated corporate
entities, including but not limited to Premier Plans, LLC, as well as all of such entities&#146; respective present and former officers, directors, owners, shareholders, employees, agents, predecessors, successors and assigns, of and from any and
all claims, actions, damages, penalties, fines, interest, attorneys&#146; fees, costs and demands of any kind whatsoever, whenever or wherever they arose, and whether under tort, contract, statute or otherwise. Without limiting the generality of the
foregoing, this full and general release includes, but is not limited to, any claims that you have, may have, or may have had at the time of or prior to your execution of this Agreement arising under or related to your employment with or separation
from Premier, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Family and Medical Leave Act, the Employee Retirement Income Security Act, the Age Discrimination in Employment Act, 29 U.S.C. &#167; 621, et seq., the
Older Workers Benefit Protection Act, or any other applicable federal, state or local statute, law, regulation or constitutional provision. Notwithstanding the preceding, this full and general release shall not: (a)&nbsp;include any claims related
to the obligations of Premier under this Agreement; (b)&nbsp;affect any rights or claims that may arise out of events occurring <I>after </I>the date you sign this Agreement; (c)&nbsp;affect your vested and accrued rights as a participant in any
Premier sponsored vested 401(k) or other vested retirement benefits; (d)&nbsp;affect your right to potential indemnification and/or defense as a prior officer and/or employee of Premier under its applicable certificates of incorporation, corporate
bylaws or insurance plans or under applicable law; (e)&nbsp;affect your right to elect certain continued medical coverage under COBRA or the right to convert certain insurance coverage to a personal plan, as applicable; (f)&nbsp;affect any pending
claim for workers&#146; compensations benefits; or (g)&nbsp;affect timely claims and submissions for legitimate business expenses owed to you by Premier, properly submitted as outlined in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>9. Confidentiality of Agreement. </B>You and Premier agree that the terms of this Agreement shall remain confidential. You may disclose this Agreement to
immediate family members, to professionals representing you, and to affiliates and employees of the same with a need to know. Premier may disclose the terms of this Agreement to its: (a)&nbsp;officers, directors and senior management level employees
and professionals representing it with a need to know, and (b)&nbsp;third party insurance carriers and human resources and payroll employees in order to give effect to this Agreement. <I>You and Premier further agree that Premier may also disclose
the terms of this Agreement in its proxy statements, Form 8-Ks or other public securities and other filings as required by law</I>. In addition, you and Premier agree that you or Premier may disclose the terms of this Agreement in order to notify
prospective or actual future employers or your contracting principals, or their applicable representatives and agents, of the post-employment obligation terms contained in this Agreement, or to otherwise enforce the terms of this Agreement. You and
Premier also agree that you and Premier are permitted to disclose the terms of this Agreement to the IRS and applicable state departments of taxation, if necessary, and as otherwise </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
required by law. Further, you and Premier acknowledge and agree that the duty of confidentiality in this Agreement and/or in your Employment Agreement does not restrict your ability to
communicate directly with the SEC about potential securities issues or concerns, if any. Otherwise, the terms of this Agreement shall not be disclosed to anyone, except as may be required by law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>10. Non-Disparagement. </B>Effective immediately, during the Transition Period and for two (2)&nbsp;years from the date you sign this Agreement, you agree
not to directly or indirectly make any disparaging remarks (whether in writing or verbally) about Premier or its business, services, affiliates, officers, directors or management employees and that you will maintain a publicly cordial relationship
with Premier and its employees in your conversations with Premier owners / members, officers, directors and employees, the healthcare community, and other third parties. Premier&#146;s Executive Team members, in turn, agree to do likewise (i.e., no
disparaging remarks and maintain a cordial relationship) with the same individuals regarding you and your past employment with Premier during the same period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>11. Ongoing Obligations: Trading in Premier Securities. </B>As an additional condition precedent to your continued employment during the Transition Period
and the consideration outlined in this Agreement, you agree that during the Transition Period <I>prior to </I>your final Separation Date, you shall <I>continue </I>to honor all confidentiality, return of data/documents/property, intellectual
property, and other ongoing obligations previously agreed to by you with Premier under Premier&#146;s Code of Conduct and Conflict of Interest program and Section&nbsp;3 of your Employment Agreement regarding conflicts of interest. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You further agree that <I>after </I>your final Separation Date, you shall <I>continue </I>to honor all confidentiality, return of data/documents/property,
intellectual property, non-competition, non-interference with / non-solicitation of restricted customers, non-interference with restricted suppliers, non-raiding of employees, and/or other ongoing obligations previously agreed to by you with Premier
in your Employment Agreement and in accordance with applicable federal or state law. You also agree that any breach by you of any such pre- or post-employment obligations shall be deemed to be a breach by you of this Agreement, which shall allow
additional remedies in accordance with this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You acknowledge and agree that you will remain an &#147;Insider&#148; under the Premier Insider
Trading Policy (&#147;PITP&#148;) through the Separation Date.&nbsp;You shall continue to be subject to the PITP after the Separation Date if you are aware of material nonpublic information (&#147;MNPI&#148;) until that information has become public
or is no longer material. You further acknowledge that Premier has recommended that you should not transact in Premier securities, unless part of your existing 10b5-1 plan, prior to November 1, 2016 and should transact in Premier securities only
when you are no longer in possession of MNPI.&nbsp;In the event that you desire to execute a transaction in Premier securities between October 1, 2016 and October 31, 2016 that requires pre-clearance by Premier and is not part of your existing
10b5-1 plan, Premier hereby agrees to grant such preclearance after receipt from you of written confirmation (which may be by email) certifying that you no longer possess MNPI. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>12. Return of Property. </B>You agree that all Premier property, files, documents, equipment, data, and confidential information used, prepared, or
collected by you as part of your employment with Premier, in whatever form, are and will remain the property of Premier. As such, you agree to return to Premier on or before the Separation Date all property, files, documents, equipment, data and
information belonging to Premier in your possession or control, regardless of how stored or maintained and including all originals and copies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>13.
Breach. </B>You agree that, in the event of any breach or threatened breach of this Agreement by you, Premier shall be entitled to an injunction, without bond, restraining such breach. In addition, you and Premier agree that the prevailing party in
any legal action to enforce the terms of this Agreement (including any action by Premier to enforce or collect a refund or to enforce the terms of your non-disparagement, confidentiality, and other ongoing obligations agreed to by you under this
Agreement) shall be entitled to costs and attorneys&#146; fees relating to any such proceeding, but nothing in this Agreement shall be construed as prohibiting you or Premier from pursuing other remedies available for any breach or threatened
breach. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You agree that if you breach any of the provisions in this Agreement concerning confidentiality, return of property, <FONT
STYLE="white-space:nowrap">non-disparagement,</FONT> or your current employment conflict of interest or post-employment confidentiality, non-compete, <FONT STYLE="white-space:nowrap">non-interference</FONT> / non-solicitation and non-raiding
obligations to Premier contained and/or referenced in Sections 9 &#150; 12 of this Agreement during the applicable term for each, you shall automatically and immediately forfeit at the time of the breach the right to any <I>further</I> Severance
Pay, Additional Severance Pay, or outplacement services under this Agreement. In such case, you and Premier agree that the general release shall remain valid and enforceable based on the other consideration paid or provided up to that date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You and Premier also agree that if you breach the above provisions in this Agreement concerning confidentiality,
return of property, non-disparagement, or your current employment conflict of interest or post-employment confidentiality, non-compete, non-interference / non-solicitation and non-raiding obligations to Premier contained and/or referenced in
Sections 9 &#150; 12 of this Agreement during the applicable term for each, you shall be required to refund to Premier, and Premier shall be entitled to recover of you, seventy-five percent (75%)&nbsp;of the amount of any Severance Pay and
Additional Severance Pay already paid to you by Premier under this Agreement at the time of the breach, if any. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>14. Restructuring Information.
</B>Additional information regarding the Premier end-of-fiscal year 2016 restructuring is attached as <B>Attachment A</B>. This information is being provided pursuant to the requirements of the Age Discrimination in Employment Act, 29 U.S.C. &#167;
621 et seq. (&#147;ADEA&#148;) and the Older Workers Benefit Protection Act of 1990 (&#147;OWBPA&#148;) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>15. Knowing and Voluntary Waiver. </B>Pursuant
to federal law, Premier advises you to consult a lawyer concerning the terms of this Agreement and your rights under the ADEA and OWBPA. By signing below, you acknowledge that you have carefully read this Agreement, that you know and understand the
contents of this Agreement, that you have had ample opportunity to review the terms of this Agreement, that you have consulted with or had the opportunity to consult with a lawyer regarding this Agreement, and that you execute this Agreement of your
own free will. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>16. Waiting Period and Deadline To Accept. </B>After receiving this Agreement from Premier, you have up to forty-five (45)&nbsp;days
from the date of its original presentation to consider this Agreement and the release under the ADEA or OWBPA. If you have not signed and returned this Agreement to me by the close of business on the forty-sixth (46th)&nbsp;day after you received
it, this offer is automatically withdrawn. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>17. Revocation Rights. </B>You have seven (7)&nbsp;days from the date you sign this Agreement to revoke
this Agreement, if you so choose, by advising me in writing of the revocation. This Agreement and the release shall not become effective until you have signed the Agreement and the 7-day revocation period has passed without your revocation (the
&#147;Effective Date&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Of course, if you do not wish to have a gap in your current compensation, you may wish to sign the Agreement before the end
of the 45-day period. Further, if you do not sign this Agreement within the 45-day period or if you revoke it within the 7-day revocation period noted above, this offer will be automatically withdrawn, and Premier will not provide you with the
payments and benefits listed under the Separation Benefits section above. Rather, you will receive only that to which you are entitled under Company policy. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>18. Governing Law. </B>This Agreement shall be governed by and construed in accordance with the internal laws and judicial decisions of the State of North
Carolina, without regard to otherwise applicable conflict of law principles. Any action or proceeding arising out of or relating to this Agreement or your employment with or separation from Premier must only be brought in a state or federal court
located in Mecklenburg County, North Carolina. As such, you and Premier irrevocably consent to: (a)&nbsp;the jurisdiction and venue of any such court for any such action; and (b)&nbsp;service via nationally recognized overnight carrier for any such
action. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>19. Taxes / Estate. </B>This Agreement is intended to comply with Section&nbsp;409A of the Internal Revenue Code of 1986 (&#147;IRC&#148;), as
amended and the regulations and other guidance promulgated thereunder (&#147;Section 409A&#148;), to the extent that section is applicable, and it shall be interpreted in a manner that </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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complies with such section to the fullest extent possible. In addition, you are advised to consult with your own, independent accountant and/or tax counsel regarding any and all tax issues
related to this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You understand and agree that Premier is responsible for withholding and will withhold federal, state and local income tax on
the compensation and benefits outlined in this Agreement, if and as applicable. However, you are solely responsible for any and all other federal, state or local tax liability, penalties, interest, tax payments or tax judgments against you that
could arise as a result of this Agreement, including but not limited to any potential tax liability or penalties under IRC Sections 105(h) and 409A. In no event shall Premier be required to pay to you any &#147;gross-up&#148; or other payment with
respect to any taxes or penalties imposed under IRC Sections 105(h) or 409A with respect to any payment or benefit paid or payable to you under this Agreement. You also agree that Premier, the individuals and entities released in this Agreement, and
their respective officers, employees, accountants, attorneys and agents are in no way indemnifying or making any representation, statement or guarantee to you as to your past, current or future tax liability or the ultimate position that the IRS or
any applicable state tax agency may take with respect to the tax treatment of prior or future wages, payments, compensation and benefits, including those payments and provisions set forth in the Separation Benefits section of this Agreement. You and
Premier further agree that in the event of your death, the payments outlined in this Agreement will be paid to your estate or legal representative, as applicable, in accordance with the above terms. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>20. Section&nbsp;409A Tax Compliance. </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">As noted above, Premier and you acknowledge and agree that, to the extent applicable, Premier and you intend that any amounts payable hereunder that could constitute &#147;deferred compensation&#148; within the meaning
of Section&nbsp;409A will be compliant with Section&nbsp;409A. Notwithstanding any provision of this Agreement to the contrary, if Premier shall determine that any provision of this Agreement does not comply with the requirements of
Section&nbsp;409A, Premier may amend (without any obligation to do so or to indemnify you for failure to do so) the Agreement to the extent necessary (including retroactively) in order to comply with Section&nbsp;409A (which amendment shall not
reduce the amounts payable to you under this Agreement). Premier shall also have the discretionary authority to take such other actions to correct any failures to comply in operation with the requirements of Section&nbsp;409A. Such authority shall
include the power to adjust the timing or other details relating to the awards and/or payments described in this Agreement (but not the amounts payable to you under this Agreement) if Premier determines that such adjustments are necessary in order
to comply with or become exempt from the requirements of Section&nbsp;409A. Notwithstanding the foregoing, to the extent that this Agreement or any payment or benefit (or portion thereof) under this Agreement or the plans referenced herein shall be
deemed not to comply with Section&nbsp;409A, then Premier, the Board of Directors and Compensation Committee for Premier and its parent corporation, Premier and its parent corporation&#146;s shareholders, owners, officers and employees, and their
designees and agents shall not be liable to you in any way, and no provision of this Agreement shall be interpreted or construed to transfer any liability for failure to comply with the requirements of Section&nbsp;409A from you or any other
individual to Premier or any of its respective affiliated entities, employees or agents. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding any provision to the contrary in this Agreement, no amount payable on account of your termination of employment shall be paid unless the termination of your employment constitutes a &#147;separation from
service&#148; within the meaning of Section&nbsp;409A. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top">For purposes of Section&nbsp;409A, (including, without limitation, for purposes of Treasury Regulation Section&nbsp;1.409A-2(b)(2)(iii)), your right to receive any installment payments under this Agreement shall be
treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top">The reimbursements of expenses and provision of in-kind benefits under this Agreement shall comply with the requirements of Section&nbsp;409A (to the extent subject to Section&nbsp;409A), which generally require that
any such reimbursements payable or in-kind benefits provided to you pursuant to this Agreement shall be paid or provided to you no later than December&nbsp;31 of the year following the year in which the expense was incurred, the amount of expenses
reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and your right to reimbursement under this Agreement will not be subject to liquidation or exchange for another benefit. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><I></I>e)</TD>
<TD ALIGN="left" VALIGN="top"><I>Notwithstanding anything to the contrary in this Agreement, given that the equity of Premier (or any other corporation, trade or business that would be treated as a single employer with Premier under Sections 414(b)
or (c)&nbsp;of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;)) is publicly traded on an established securities market on the date of your separation from employment, </I><B><I>and because you are a &#147;specified
employee&#148; within the meaning of Section&nbsp;409A(a)(2)(B)(i) of the Code as of such date, then no payments under this Agreement or any other plan, program, agreement or arrangement, <U>to the extent they are subject to Section&nbsp;409A</U>,
shall be made to you before the earlier of the date which is six months after the date of your separation from employment or the date of your death. </I></B><I>Any such payments that would otherwise have been made to you under this Agreement during
such period shall be accumulated without interest and paid to you on the earlier of such dates. </I></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>21. Administrative Participation.
</B>You acknowledge that, with the possible exception of the U.S. Securities and Exchange Commission (SEC), you do not have a charge of discrimination or complaint currently pending before the U.S. Equal Employment Opportunity Commission (EEOC), the
U.S. Department of Labor, the North Carolina Department of Labor, or a comparable local, state or federal agency. You further understand that this Agreement does not preclude you from communicating directly with the SEC regarding potential
securities issues or concerns, if any, and that nothing in this Agreement is intended to, or shall, interfere with your rights under federal, state or local civil rights or employment laws to file a charge with, participate in a proceeding by, or
cooperate with an appropriate federal, state or local government agency enforcing such laws, none of which shall constitute a breach of this Agreement. However, by signing this Agreement, you agree that you are not entitled to reinstatement or any
monetary or other damages or relief that may be sought on behalf of you by the EEOC (or a comparable state or federal agency) or recovered in any litigation stemming from any such filing of a charge of discrimination or complaint on behalf of you,
or those similarly situated with you, by the EEOC or a comparable state or federal agency (with the exception of any potential benefit or remedy pursuant to Section&nbsp;922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act), any
rights to which you forever waive. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>22. Return to Premier. </B>Despite your separation, you are generally eligible for rehire with Premier through our
competitive hiring process. Therefore, if at any time <I>while </I>you are receiving Separation Benefits under this Agreement as outlined above you are re-hired or re-engaged by Premier in any position, then your right to any future Separation
Benefits under this Agreement that have not yet been paid to you shall be forfeited and shall automatically cease on your first day of work in such position. Rehire shall include contract and third party arrangements working with or for Premier. If
you have been offered and accept another position with Premier <I>prior </I>to the scheduled Separation Date, you shall forfeit and have no right to receive any Separation Benefits under this Agreement (except for any Transition Compensation earned
by you up to the effective start date of any new position assumed by you with Premier). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>23. Severability. </B>If any paragraph, term or provision of this Agreement shall be held or determined to be
unenforceable, the balance of this Agreement shall nevertheless continue in full force and effect. In addition, in any such event, you and Premier agree that it is their intention and agreement that any such paragraph, term or provision which is
held or determined to be unenforceable as written, shall nonetheless be enforced and binding to the fullest extent permitted by law as though such paragraph, term or provision had been written in such a manner and to such an extent as to be
enforceable under the circumstances. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>24. Entire Agreement. </B>This Agreement constitutes the entire agreement between you and Premier pertaining to
the subject matter contained herein. This Agreement supersedes any and all prior and contemporaneous agreements, representations and understandings of the parties related to the subject matter herein, including but not limited to any offer letter or
employment agreements, <I>but provided that this Agreement does not relieve you of any post-employment obligations to Premier under any applicable law and/or your existing Employment Agreement, including but not limited to your confidentiality,
non-compete, non-interference / non-solicitation and non-raiding obligations. </I>No modification, termination, or attempted waiver of any of the provisions of this Agreement shall be binding upon Premier unless reduced to writing and signed by a
duly authorized Premier official. This Agreement shall be construed according to a plain reading of its terms and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision in this
Agreement. Nothing in this agreement shall be construed as impairing or altering your rights under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Keith, if you have any questions regarding this Agreement or your Separation Benefits, please do not hesitate to let me know. Otherwise, if the terms of this
Agreement are agreeable to you, please sign and date below and return the Agreement to me. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Again, we hope that this separation package will be helpful to
you and wish you the best in your future endeavors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Very truly yours, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>/s/ Kelli L. Price </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Kelli L. Price </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior Vice President, People </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Premier Healthcare Solutions, Inc.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Agreed to and accepted by: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Signature: <U>/s/ Keith
Figlioli</U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Printed Name: Keith Figlioli </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: June 26,
2016 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

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