Premier, Inc. to Be Acquired by Patient Square Capital in $3.9 Billion Deal
Premier, Inc. (NASDAQ: PINC), a leading technology-driven healthcare improvement company, has announced a definitive agreement to be acquired by an affiliate of Patient Square Capital, a dedicated healthcare investment firm. The transaction, unanimously approved by Premier’s Board of Directors, values the company at $28.25 per share in cash, representing a 23.8% premium to its 60-day volume-weighted average price as of September 5, 2025. The deal is expected to close in the first quarter of 2026, subject to stockholder and regulatory approvals.
Richard Statuto, Premier’s Board Chair, expressed confidence in the decision, stating, “We are pleased to have reached this agreement and delighted that Patient Square recognizes and is committed to enhancing Premier’s integral role in the U.S. healthcare system. After careful consideration of strategic alternatives and consultation with our advisors, the Board unanimously approved this transaction. It delivers immediate and certain value to our stockholders while providing the company with additional capital to support its members and customers during this critical time in healthcare.”
Michael J. Alkire, Premier’s President and CEO, highlighted the benefits of transitioning to private ownership. “Since going public in 2013, Premier has built unmatched supply chain expertise, world-class technology, and nationally recognized advisory capabilities. As the healthcare landscape evolves, private ownership will enhance our financial flexibility and accelerate the advancement of our product portfolio. This move positions us to capitalize on emerging opportunities and continue driving innovation for our members, suppliers, and stakeholders.”
Patient Square’s Vision for Premier
Patient Square Founding Partner Neel Varshney, M.D., praised Premier’s contributions to the healthcare industry. “We have long admired Premier as an innovator of essential services and products for leading institutions and providers in the U.S. healthcare system. We see tremendous opportunity for Premier to grow its differentiated portfolio in supply chain services, data and technology offerings, and consulting solutions. We look forward to partnering with the team as a private company.”
The acquisition is expected to close by early 2026, pending stockholder and regulatory approvals. Premier stockholders will receive $28.25 per share in cash. The transaction is not subject to a financing condition. Upon completion, Premier will become a private company, and its common stock will no longer be listed on public exchanges.
In connection with the transaction, Premier has suspended the declaration and distribution of common stock dividends in future quarters. However, the company will pay a previously declared cash dividend of $0.21 per share on September 15, 2025, to stockholders of record as of September 1, 2025.
Premier is being advised by Goldman Sachs & Co. LLC and BofA Securities, Inc. as financial advisors, with Wachtell, Lipton, Rosen & Katz serving as legal counsel and Joele Frank as strategic communications advisor. The Transaction Committee of Premier’s Board is being advised by Cravath, Swaine & Moore LLP.
Patient Square is being advised by Kirkland & Ellis LLP as legal counsel, Ropes & Gray as healthcare legal counsel, Jefferies LLC and Santander as financial advisors, and Perella Weinberg Partners LP as debt capital markets advisor.
About Patient Square Capital
Patient Square Capital is a healthcare investment firm managing over $14 billion in assets. The firm partners with growth-oriented companies and top-tier management teams to invest in businesses that improve patient lives, strengthen communities, and create a healthier world. For more information, visit www.patientsquarecapital.com.
About Premier, Inc.
Premier, Inc. (NASDAQ: PINC) is a technology-driven healthcare improvement company headquartered in Charlotte, N.C. The company unites providers, suppliers, payers, and policymakers to improve healthcare with integrated data and analytics, supply chain solutions, consulting, and other services. For more information, visit www.premierinc.com or follow Premier on social media platforms including X, Facebook, LinkedIn, YouTube, and Instagram.
