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INVESTMENTS | 9 Months Ended
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Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract] |
INVESTMENTS | (4) INVESTMENTS Investments in Unconsolidated Affiliates The Company’s investments in unconsolidated affiliates consisted of the following (in thousands):
|  |  |  |  | Equity in Net Income
|  |  | Three Months Ended |  | Nine Months Ended
| Carrying Value |  | March 31, |  | March 31,
| March 31, 2023 |  | June 30, 2022 |  | 2023 |  | 2022 |  | 2023 |  | 2022
FFF | $ | 136,584 |  |  | $ | 137,162 |  |  | $ | 1,370 |  |  | $ | 2,437 |  |  | $ | 9,075 |  |  | $ | 11,836 |
Exela | 31,368 |  |  | 27,733 |  |  | 2,865 |  |  | 501 |  |  | 3,635 |  |  | 1,504 |
Qventus | 16,000 |  |  | 16,000 |  |  | — |  |  | — |  |  | — |  |  | — |
Prestige | 16,206 |  |  | 15,597 |  |  | 139 |  |  | 935 |  |  | 610 |  |  | 3,272 |
Other investments | 30,142 |  |  | 19,053 |  |  | 256 |  |  | 118 |  |  | 1,227 |  |  | 553 |
Total investments | $ | 230,300 |  |  | $ | 215,545 |  |  | $ | 4,630 |  |  | $ | 3,991 |  |  | $ | 14,547 |  |  | $ | 17,165 |
The Company, through its indirect, wholly owned subsidiary Premier Supply Chain Improvement, Inc. (“PSCI”), held a 49% interest in FFF Enterprises, Inc. (“FFF”) through its ownership of stock of FFF at March 31, 2023 and June 30, 2022. The Company accounts for its investment in FFF as part of the Supply Chain Services segment. On March 3, 2023, the Company and the majority shareholder of FFF amended the FFF shareholders’ agreement and in lieu of a distribution, the Company received an increase of $24.8 million to the its liquidation preferences on the Class B common stock in FFF, bringing the Company’s total liquidation preference in FFF to $32.3 million. In the event of liquidation or dissolution of FFF, the Company will receive the liquidation preference of $32.3 million prior to any pro rata distribution of FFF’s proportional equity value between the Company and the majority shareholder of FFF. As a result of the increase to the liquidation preference and priority of the Company’s Class B common stock in FFF in the event of liquidation or dissolution of FFF, the Company will no longer account for its investment in FFF using the equity method of accounting. As of the date of the amendment, the Company will account for its investment in FFF at cost less impairments, if any, plus or minus any observable changes in fair value. The Company, through its consolidated subsidiary, ExPre Holdings, LLC (“ExPre”), held an approximate 6% interest in Exela Holdings, Inc. (“Exela”) through its ownership of Exela Class A common stock at March 31, 2023. At March 31, 2023, the Company owned approximately 15% of the membership interest of ExPre, with the remainder of the membership interests held by 11 member health systems or their affiliates. The Company, through its consolidated subsidiary, PRAM Holdings, LLC (“PRAM”), held an approximate 20% interest in Prestige Ameritech Ltd. (“Prestige”) through its ownership of Prestige limited partnership units at March 31, 2023. At March 31, 2023, the Company owned approximately 26% of the membership interest of PRAM, with the remainder of the membership interests held by 16 member health systems or their affiliates. The Company accounts for its investments in Exela and Prestige using the equity method of accounting and includes each investment as part of the Supply Chain Services segment. The Company, through PHSI, purchased an approximate 7% interest in Qventus, Inc. (“Qventus”) through its ownership of Qventus Series C preferred stock. The Company accounts for its investment in Qventus at cost less impairments, if any, plus or minus any observable changes in fair value. The Company includes Qventus as part of the Performance Services segment.

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- References No definition available. + Details
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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI https://asc.fasb.org/topic&trid=2196965 + Details
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