Premier, Inc. (NASDAQ: PINC) announced that its stockholders have overwhelmingly approved the proposed acquisition by an affiliate of Patient Square Capital. The approval, recorded at a special meeting held on November 21, 2025, confirms a $2.6 billion cash transaction that will be completed once regulatory and shareholder approvals are finalized. The deal values Premier at $28.25 per share, a 23.8% premium to the 60‑day volume‑weighted average price as of September 5, 2025.
Premier’s recent financial results show a challenging environment. Fiscal 2025 revenue fell 11% year‑over‑year to $3.2 billion, and adjusted earnings per share dropped 30% to $0.45. The company also divested its non‑healthcare group purchasing business for approximately $800 million, a move that reduced its revenue base but provided cash to support future growth initiatives.
Management said the transaction will allow Premier to focus on its core technology‑driven healthcare improvement business without the pressures of public‑company reporting. Richard Statuto, board chair, noted that the deal provides “immediate and certain value to shareholders” while giving the company access to additional capital to accelerate services for members. CEO Michael J. Alkire added that the private ownership will enhance financial flexibility and enable further investment in technology and product development.
The transaction is structured as a cash purchase at $28.25 per share, totaling $2.6 billion. The definitive agreement was announced on September 22, 2025, and the parties expect the deal to close on or about November 25, 2025, subject to customary closing conditions. Premier has suspended its common‑stock dividends in connection with the transaction.
Analysts and investors have reacted positively to the premium and the certainty of a liquidity event. The market view highlights the premium as a key driver of the favorable response, while the private‑ownership transition is seen as a strategic move to accelerate technology initiatives.
The approval removes a major hurdle and brings the transaction closer to completion. Shareholders will receive a cash payout at a premium, and Premier will be positioned to pursue its technology strategy with greater financial flexibility.
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