Charlotte, N.C.-based Premier, Inc. has entered into a definitive agreement to be acquired by an affiliate of Patient Square Capital in a $2.6 billion all-cash transaction, according to a Sept. 22 news release.
The deal would take the publicly traded company private and end its listing on the NASDAQ. The news comes after Premier reported net fourth quarter revenue of $262.9 million, a 12% drop year over year. Michael Alkire, Premier’s president and CEO, said the company faced contract renewal headwinds in the quarter.
Here are five things to know:
1. Premier stockholders will receive $28.25 per share in cash. The purchase price represents a 23.8% premium to Premier’s 60-day volume-weighted average share price as of Sept. 5, 2025.
2. The deal is expected to close in the first quarter of 2026. The agreement was unanimously approved by Premier’s board and is subject to shareholder and regulatory approvals. The transaction is not contingent on financing.
3. Premier declared a dividend ahead of the acquisition. On Aug. 18, the board declared a $0.21 per share cash dividend, paid Sept. 15 to stockholders of record as of Sept. 1. Premier will suspend future dividends as part of the transaction.
4. Premier will become a privately held company. Once the transaction closes, Premier’s common stock will be delisted and no longer traded on any public exchange.
5. The buyer is a healthcare-focused investment firm. Patient Square Capital manages more than $14 billion in assets and invests exclusively in healthcare companies.
https://www.beckershospitalreview.com/supply-chain/premier-to-go-private-in-2-6b-deal-5-notes/
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