Healthcare data analytics firm Premier sold to private equity for $2.6B
Healthcare data analytics company Premier is set to be taken private in a $2.6 billion deal that will see it acquired by an investment firm.
On Monday, Premier and Patient Square Capital, a healthcare-specific private equity firm announced the transaction, which equates to a $28.25 per share buyout of the North Carolina-based health IT company.
At that price, Premier was valued at 9.7% over its current stock price, which caused shares to jump by 8.7% almost immediately. Currently, the price is sitting at $27.95, which is nearly a 6% rise over the past 5 days.
The transaction is not expected to close until first quarter 2026 at the earliest. It’s a cash deal and has no other financial conditions, the companies said. However, the deal is subject to the approval of Premier’s shareholders. In a statement, CEO Michael Alkire argued that transitioning back to a private company is the best move for Premier’s business.
“Now, as the healthcare landscape continues to rapidly evolve, transitioning to private ownership will once again enhance the company'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,” he said.
There was no indication that the core service offerings of Premier will change. As it stands, the healthcare technology company offers a huge range of supportive services, from data-driven supply chain management to direct patient care and financial management—all of which fit neatly into Premier and Patient Square Capital’s portfolio.
“Our team sees tremendous opportunity for Premier to continue growing its differentiated portfolio in supply chain services, data and technology offerings, and consulting solutions that deliver value to patients, and we look forward to working closely with the team as a private company,” Neel Varshney, a founding partner at the private equity firm, said.
“We have long admired Premier as an innovator of essential services and products to its members, which are leading institutions and providers in the U.S. healthcare system,” he added.
No leadership or staffing changes were announced for the soon-to-be private Premier.
Chad is an award-winning writer and editor with over 15 years of experience working in media. He has a decade-long professional background in healthcare, working as a writer and in public relations.