---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-294735"
form_type: "8-K"
ticker: null
cik: "0001577916"
company_name: "Premier, Inc."
filed_at: "2025-11-25T23:59:59+00:00"
generated_at: "2026-05-16T16:55:01.242507+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Patient Square Capital completes $2.6B acquisition of Premier; stockholders get $28.25/share

## Summary
- Premier acquired by Patient Square Capital for approximately $2.6B; stockholders receive $28.25 per share in cash.
- Premier common stock ceased trading and will be delisted from Nasdaq as of November 25, 2025.
- Total cash consideration to equityholders was approximately $2.4B, funded through equity and debt financing.
- Board of directors resigned at closing; Michael Alkire and Glenn Coleman became directors.
- All outstanding options and RSU/PSU awards were cancelled or converted into cash consideration.

## SEC filing metadata
- accession: 0001193125-25-294735
- form_type: 8-K
- cik: 0001577916
- company_name: Premier, Inc.
- filed_at: 2025-11-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1577916/000119312525294735/0001193125-25-294735-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1577916/000119312525294735/d82039d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-294735
- JSON: https://secwatch.observer/filing/0001193125-25-294735.json
- Plain text: https://secwatch.observer/filing/0001193125-25-294735.txt

## Source-grounded claims
- claim_id: 52808143ac6588c7861e2b5287d30c6d1955688a
  claim: Premier, Inc.: Certificate of incorporation was amended and restated in its entirety pursuant to the Merger Agreement.
  evidence_excerpt: Pursuant to the terms of the Merger Agreement, at the Effective Time, the certificate of incorporation of the Company, as in effect immediately prior to the Effective Time, was amended and restated in its entirety (the “ Charter ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1577916/000119312525294735/0001193125-25-294735-index.htm
- claim_id: ddb01a809bddd84354920c8abecbd814ef0f8eb6
  claim: Premier, Inc.: Amended and restated bylaws were replaced with Merger Sub's bylaws in their entirety.
  evidence_excerpt: Additionally, pursuant to the terms of the Merger Agreement, at the Effective Time, the amended and restated bylaws of the Company, as in effect immediately prior to the Effective Time, were amended and restated in their entirety to be in the form of the bylaws of Merger Sub as in effect immediately prior to the Effective Time of the Merger, except that references to Merger Sub’s name were replaced with references to the Company’s name (the “ Bylaws ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1577916/000119312525294735/0001193125-25-294735-index.htm
- claim_id: 93716b30dee5c6efc7ee82b385f5996f9611432d
  claim: Premier, Inc. underwent a change of control involving Patient Square Capital for $2.6 billion (closed 2025-11-25).
  evidence_excerpt: Patient Square Capital (“Patient Square”), a dedicated health care investment firm, has completed its previously announced acquisition of Premier, valued at $2.6 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1577916/000119312525294735/0001193125-25-294735-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.