Healthcare firm Premier is to be acquired by an affiliate of investment firm Patient Square Capital in a deal valued at about $2.6 billion. Patient Square will pay $28.25 in cash per share for Premier, a premium of 9.7% to the stock’s last close on Friday.
Premier works with hospitals, health systems, and other providers to cut costs and improve patient care by coordinating the purchase of equipment and supplies, while Patient Square is a dedicated healthcare investment firm.
“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. health care system,” said Premier’s Board Chair Richard Statuto. “The Board unanimously approved this transaction, after careful consideration of a wide range of strategic alternatives in recent years and consultation with our financial and legal advisors. We believe this transaction is in the best interests of Premier and its stockholders and, upon closing, will deliver immediate and certain value to our stockholders, while simultaneously providing the Company with access to additional capital that can accelerate the support and services provided to members and other customers during this critical time in health care.”
READ: Buying health insurance after arriving in the US: What Indian visitors should know (
Michael J. Alkire, Premier’s president and CEO, said: “Since going public in 2013, Premier has leveraged our access to capital to build unmatched supply chain expertise, world-class technology, and nationally recognized advisory capabilities that enable our members to continuously improve their cost, quality, and operational efficiencies. Now, as the health care landscape continues to rapidly evolve, transitioning to private ownership will once again enhance the Company’s financial flexibility and provide additional resources to accelerate the advancement and tech-enablement of our product portfolio, capitalize on emerging opportunities and continue pushing the envelope of innovation. I am proud of everything our team has achieved and look forward to building on our progress as we continue delivering real results for our members, contracted suppliers, customers and other stakeholders.”
READ: Best health insurance for Indian tourists in America: Plans and costs explained (
Meanwhile, Patient Square Founding Partner Neel Varshney said “We have long admired Premier as an innovator of essential services and products to its members, which are leading institutions and providers in the U.S. health care system. Our team sees tremendous opportunity for Premier to continue growing its differentiated portfolio in supply chain services, data and technology offerings, and consulting solutions that deliver value to patients, and we look forward to working closely with the team as a private company.”
The deal is expected to close by the first quarter of 2026, subject to necessary approvals. Upon completion of the transaction, Premier will be a private company, and Premier common stock will no longer be listed or traded on any public exchange.