In a move that could reshape the healthcare technology landscape, Premier Inc. announced Monday it will go private following a $2.6 billion buyout by healthcare investment giant Patient Square Capital—a transaction orchestrated by four powerhouse law firms.
The deal, valued at $28.25 per share in cash, represents a nearly 24% premium over Premier’s 60-day volume-weighted average share price as of Sept. 5, according to the company’s statement.
The Legal Architects Behind the Deal
Top-tier law firms lined the table: Wachtell Lipton Rosen & Katz advised Premier, while Cravath Swaine & Moore LLP guided the transaction committee of Premier’s board. On the buyer’s side, Kirkland & Ellis LLP and Ropes & Gray LLP represented Patient Square.
Premier’s Vision and Next Chapter
Headquartered in Charlotte, North Carolina, Premier has been a Nasdaq-listed player since 2013, offering integrated data analytics, supply chain solutions, consulting, and collaboratives aimed at improving community health.
CEO Michael J. Alkire praised the public era’s role in building supply chain strength and technology, but emphasized that going private will “enhance financial flexibility” and accelerate innovation. “As the healthcare landscape continues to rapidly evolve, private ownership allows us to capitalize on opportunities and push the envelope of tech-enabled solutions,” Alkire said.
Once the transaction is finalized, Premier will delist from the Nasdaq.
