Premier to be acquired by Patient Square

CHARLOTTE, N.C. – Premier, Inc., a technology-driven health care improvement company, has entered into a definitive agreement to be acquired by an affiliate of Patient Square Capital in a transaction valued at $2.6 billion. 

Under the terms of the agreement, which has been unanimously approved by Premier’s board of directors, Premier stockholders will receive $28.25 in cash per share, representing a 23.8% premium to Premier’s 60-day volume-weighted average price as of Sept. 5, 2025. 

“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 Richard Statuto, Premier’s board chair. “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.” 

Menlo Park, Calif.-based Patient Square Capital is a dedicated health care investment firm with more than $14 billion in assets under management. 

Since going public in 2013, Premier has built supply chain expertise, world-class technology and nationally recognized advisory capabilities that enable its members to continuously improve their cost, quality and operational efficiencies, said Michael J. Alkire, Premier’s president and CEO. 

“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,” he said. “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.”