06:58 AM EDT, 09/22/2025 (MT Newswires) -- Premier (PINC) said Monday it has entered into a definitive agreement to be acquired by an affiliate of Patient Square Capital in transaction valued at $2.6 billion.

Premier's board unanimously approved the transaction, under which shareholders will receive $28.25 in cash per share, a 23.8% premium to the company's 60-day volume-weighted average price as of Sept. 5.

The deal is expected to close by the first quarter of 2026, subject to stockholder and regulatory approvals and other customary conditions.

Premier will become a private company following the transaction, and its common stock will no longer trade on public exchanges.