Premier’s $2.6 Billion Acquisition by Patient Square

On September 22, 2025, Premier, Inc. ("Premier"), a leading technology-driven health care improvement company, announced that it has entered into a definitive agreement to be acquired by an affiliate of Patient Square Capital ("Patient Square") in a transaction valued at $2.6 billion. Under the terms of the agreement, which has been unanimously approved by Premier's Board of Directors, Premier stockholders will receive $28.25 in cash per share. Cravath is representing the Transaction Committee of Premier's Board of Directors in connection with the transaction.

The Cravath team is led by partners Richard Hall and Daniel J. Cerqueira and includes associate Oluwatumise Asebiomo on M&A matters and partner George E. Zobitz on financing matters.