Patient Square Capital Completes $2.6 Billion Acquisition of Premier, Inc.

On November 25, 2025, Patient Square Capital, a healthcare-focused investment firm, completed its acquisition of Premier, Inc., a leading technology-driven healthcare improvement company, in a transaction valued at $2.6 billion. Under the terms of the agreement, Premier stockholders received $28.25 in cash per share, representing a 23.8% premium to Premier’s 60-day volume-weighted average price as of September 5, 2025. As a result of the acquisition, Premier's common stock ceased trading and was delisted from Nasdaq on November 25, 2025.

Premier, headquartered in Charlotte, North Carolina, offers integrated data and analytics, collaboratives, supply chain solutions, consulting, and other services aimed at improving healthcare delivery. The company became a public entity through an initial public offering in September 2013, raising $760 million. In 2021, Michael J. Alkire was appointed as the CEO of Premier.

Patient Square Capital is a dedicated healthcare investment firm with over $15 billion in assets under management. The firm focuses on investments in growth-oriented healthcare companies, aiming to achieve strong investment returns by partnering with companies whose products, services, and technologies improve health.

The acquisition was unanimously approved by Premier's Board of Directors and received overwhelming support from stockholders, with approximately 99% of shares voted in favor of the transaction. The transaction is expected to enhance Premier's financial flexibility and provide additional resources to accelerate the advancement of its product portfolio and capitalize on emerging opportunities in the rapidly evolving healthcare landscape.

This strategic move is anticipated to strengthen Premier's position in the healthcare industry by leveraging Patient Square Capital's resources and expertise. The acquisition may lead to enhanced product offerings and services, potentially benefiting healthcare providers and patients alike. Additionally, transitioning to private ownership could provide Premier with greater agility to adapt to market changes and invest in innovative solutions without the pressures of public market expectations.

The completion of this acquisition marks a significant milestone in the healthcare sector, reflecting the ongoing trend of private equity investments in healthcare companies. As Premier embarks on this new chapter under private ownership, the industry will be watching closely to see how the company leverages this opportunity to drive innovation and improve healthcare delivery.