Premier, Inc., a company focused on healthcare supply chain solutions, group purchasing, consulting, and analytics, has agreed to be acquired by an affiliate of private equity firm Patient Square Capital for $2.6 billion and $28.25 per share in cash.
The deal marks the end of Premier’s run as a publicly traded company since 2013 and comes as the company has been streamlining its operations to focus on core healthcare services. In June 2023, Premier sold its non-healthcare group purchasing operations, and more recently it traded its stake in direct sourcing subsidiary S2S Global for a minority interest in PPE manufacturer Prestige Ameritech.
Michael Alkire, Premier’s president and CEO, said the move to private ownership will “enhance (Premier’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.”
The acquisition highlights private equity’s continued interest in companies that drive supply chain efficiency, healthcare performance, and data analytics. It also reflects a broader trend of healthcare companies shedding non-core businesses to focus on high-margin, strategically valuable areas like technology and core group purchasing operations.
