Charlotte, North Carolina, December 3, 2025
Premier, Inc., a leading healthcare improvement company based in Charlotte, has transitioned to private ownership after a $2.6 billion acquisition by Patient Square Capital. This strategic move is expected to enhance Premier’s financial agility, allowing greater investment in technology and service expansion within the healthcare sector. The acquisition, finalized on November 25, has led to significant leadership changes, including the resignation of the entire board, with CEO Michael Alkire and CFO Glenn Coleman stepping in as the new directors. This shift reflects a growing trend among Charlotte companies seeking private ownership for increased flexibility.
Premier, Inc. Transitions to Private Ownership with $2.6 Billion Acquisition
Patient Square Capital’s acquisition is set to enhance Premier’s service offerings in the healthcare sector.
Charlotte, North Carolina – In a significant shift for the healthcare improvement landscape, Premier, Inc., a leading company headquartered in Charlotte, has successfully completed its $2.6 billion acquisition by Patient Square Capital. This transition from a publicly traded organization to a privately held subsidiary is anticipated to bolster Premier’s financial flexibility, allowing for increased investments in technology and expanded services to healthcare systems.
Finalized on November 25, 2025, the acquisition involves Premier’s shareholders receiving $28.25 in cash per share, marking a remarkable 23.8% premium over the company’s average price for the preceding 60 days prior to September 5, 2025. Following this significant transaction, trading of Premier’s stock has ceased, and the shares have been delisted from the Nasdaq.
This acquisition is poised to enhance Premier’s capabilities in delivering innovative healthcare solutions. Founded in 2013, the company has been pivotal in connecting providers, suppliers, payers, and policymakers across the nation, driving improvements in the healthcare system through actionable intelligence and novel technologies.
Leadership Transition Reflects New Ownership
As part of the acquisition agreement, substantial leadership changes have occurred. Premier’s entire board of directors has resigned, and now, CEO Michael Alkire and CFO Glenn Coleman will serve as the company’s sole directors. This restructuring aligns with the new ownership by Patient Square Capital, marking a fresh strategic direction for the organization.
The Strategic Path to Going Private
The decision to transition to a private entity came after a thorough strategic review process. Premier’s board diligently considered a range of alternatives, ultimately determining that the acquisition by Patient Square Capital was in the best interests of the company and its shareholders. This move is expected to provide Premier with the capital necessary to enhance support and services, especially in response to the evolving demands of the healthcare sector.
A Growing Trend in Charlotte’s Business Landscape
This acquisition reflects a larger trend observed in the Charlotte area, where multiple companies have elected to move away from public trading this year. Such shifts can signal a realization among local firms that private ownership may offer greater flexibility and opportunities for investment, thus fostering innovation and growth within the region’s economy. This pattern is indicative of the resilience of North Carolina entrepreneurs and small businesses, eager to navigate the evolving landscape of their respective industries.
Healthcare Innovation in the Spotlight
With significant backing from Patient Square Capital, Premier is positioned to enhance its service offerings significantly. The investment is set to accelerate development and deployment of cutting-edge technologies that have the potential to redefine efficiencies and patient care across various healthcare systems. As healthcare continues to evolve, initiatives fueled by private investment become increasingly important in ensuring that providers can meet the ever-changing needs of their communities.
Conclusion
The successful acquisition of Premier, Inc. marks a pivotal moment for the company and the Charlotte business community. By going private, Premier now has the agility and resources necessary to enhance its service offerings, driving innovation in healthcare. As we look to the future, it is essential for local residents and businesses to continue supporting initiatives that foster entrepreneurial spirit and technological advancement in our growing region. Engaging with and advocating for local businesses can play a key role in shaping Charlotte’s economic landscape.
FAQ
What is Premier, Inc.?
Premier, Inc. is a leading technology-driven healthcare improvement company headquartered in Charlotte, North Carolina. The company unites providers, suppliers, payers, and policymakers to improve healthcare through national scale, actionable intelligence, and novel technologies.
Who acquired Premier, Inc.?
Premier, Inc. was acquired by Patient Square Capital, a dedicated healthcare investment firm, in a transaction valued at $2.6 billion.
What were the terms of the acquisition?
Under the terms of the agreement, Premier stockholders received $28.25 in cash per share, representing a 23.8% premium over the company’s 60-day volume-weighted average price as of September 5, 2025.
What changes occurred in Premier’s leadership following the acquisition?
As part of the agreement, Premier’s board of directors resigned, with CEO Michael Alkire and CFO Glenn Coleman now serving as the company’s sole directors.
Why did Premier, Inc. decide to go private?
The decision to go private followed a comprehensive strategic review process, during which Premier’s board considered various alternatives and determined that the acquisition by Patient Square Capital was in the best interests of the company and its stockholders. The move is anticipated to provide Premier with additional capital to accelerate support and services for its members during this critical time in healthcare.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Acquiring Firm | Patient Square Capital |
| Transaction Value | $2.6 billion |
| Per Share Cash Offer | $28.25 |
| Premium Over 60-Day Average Price | 23.8% |
| Leadership Changes | Board of directors resigned; CEO Michael Alkire and CFO Glenn Coleman as sole directors |
| Stock Trading Status | Common stock ceased trading and was delisted from Nasdaq |
| Strategic Review | Comprehensive process leading to the decision to go private |
Deeper Dive: News & Info About This Topic
HERE Resources
Patient Square Capital Acquires Premier, Inc. for $2.6 Billion
Concord City Council Approves Major Investments in Motorsport
Author: HERE Charlotte
The CHARLOTTE STAFF WRITER represents the experienced team at HERECharlotte.com, your go-to source for actionable local news and information in Charlotte, Mecklenburg County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Lovin' Life Music Festival, Charlotte Pride festival, and major sporting tournaments at Bank of America Stadium. Our coverage extends to key organizations like the Charlotte Regional Business Alliance and Foundation for the Carolinas, plus leading businesses in finance and entertainment that power the local economy such as Bank of America and NASCAR. As part of the broader HERE network, including HEREAsheville.com, HEREGreensboro.com, HERERaleigh.com, and HEREOBX.com, we provide comprehensive, credible insights into North Carolina's dynamic landscape.
