Patient Square Capital has announced its acquisition of Premier Inc.
Premier, formed in 1996 and based in Charlotte, North Carolina, is a healthcare service company well known for its group purchasing organization services, but also offering technology, data analytics, advisory and performance improvement solutions.
Patient Square, based in Menlo Park, Calif., is dedicated healthcare investment firm. Founded in 2020, the firm seeks investments across several healthcare industry subsectors, including products, services and technologies designed to improve health.
The transaction was valued at $2.6 billion. With the completion of the acquisition, Premier’s common stock ceased trading and was delisted from Nasdaq.
Patient Square had announced its intention to acquire Premier in September.