Premier to Go Private in $2.6B Deal with Patient Square

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Patient Square’s Expanding Portfolio

Patient Square, a healthcare-focused firm managing over $14 billion in assets, framed the acquisition as an opportunity to expand Premier’s already robust offerings. Founding partner Neel Varshney called Premier an “innovator of essential services,” stressing its potential for growth in supply chain services, data, technology, and consulting solutions.

The Power Players

  • Wachtell team for Premier: led by Daniel Neff and Meng Lu, with experts spanning corporate, antitrust, tax, and finance.

  • Cravath team for Premier’s board: led by Richard Hall and Daniel Cerqueira, with finance partner George Zobitz.

  • Financial advisers: Goldman Sachs & Co. LLC and BofA Securities Inc. for Premier.

  • Latham & Watkins LLP: advised financing sources, with a multi-partner team.

  • Kirkland & Ellis team for Patient Square: included corporate and finance partners such as Maggie Flores, Daniel Wolf, and Michael Weisser.

  • Ropes & Gray team for Patient Square: led by partners Christina Bergeron and Eve Brunts.