Healthcare services provider Premier has agreed to be acquired by Patient Square Capital in a $2.6 billion take-private transaction. Patient Square will pay $28.25 per share in cash, representing a 9.7% premium to Premier’s last closing price, with the deal expected to close by Q1 2026.
Premier partners with hospitals and health systems to reduce costs and improve care through coordinated purchasing of equipment and supplies. CEO Michael Alkire said private ownership would give the company greater financial flexibility amid a rapidly evolving healthcare environment.
The company had been weighing strategic options since early 2023, including a partial sale, and later sold non-healthcare businesses to Omnia Partners for $800 million to sharpen its focus. Analysts note the deal highlights private equity’s appetite for undervalued healthcare assets, with expectations of more transactions to follow across the sector.
Source: Reuters
