04:21 PM EST, 11/21/2025 (MT Newswires) -- Premier (PINC) said late Friday that its shareholders have approved its sale to an affiliate of health care investment firm Patient Square Capital.

About 99% of voting shares supported the deal, representing roughly 79% of Premier's total outstanding stock as of the Oct. 21 record date, the company said.

Premier shareholders will receive $28.25 per share in cash, a 23.8% premium over the 60-day average price as of Sept. 5, the company said.

The transaction is expected to close on or around Nov. 25.