Patient Square Capital to Acquire Premier Inc. in $2.6B Deal
The all-cash transaction will take the healthcare improvement company private, offering shareholders a significant premium.
Patient Square Capital, a healthcare-focused private equity firm, has reached a definitive agreement to acquire Premier Inc. (PINC) in an all-cash deal valued at approximately $2.6 billion. The transaction will take the healthcare technology and services company private, marking a significant strategic shift for the organization.
Under the terms of the agreement, . This price represents a 23.8% premium to the company's 60-day volume-weighted average price, offering a substantial return to investors. The company's Board of Directors, following the recommendation of a special committee, unanimously approved the deal, which is projected to close in the first quarter of 2026 pending customary shareholder and regulatory approvals.
Shares of Premier reacted positively to the news, surging more than 8% in premarket trading after the . This followed a similar jump earlier in the month when reports first surfaced that Patient Square Capital was exploring an acquisition. The move was seen favorably by analysts, with some noting that Premier's underlying business appeared stronger than its public market valuation suggested.
By transitioning to a private company under the ownership of a specialized healthcare investment firm, Premier will be able to focus on long-term strategic initiatives without the quarterly pressures of public market reporting. Patient Square Capital's deep expertise in the healthcare sector is expected to help accelerate Premier's growth and innovation. As part of the transaction, Premier announced it will , a move that will allow for greater capital reallocation towards its new strategic objectives. Upon completion, Premier's common stock will be delisted and cease to be traded on any public exchange.