Acquisition Overview - Patient Square Capital is acquiring Premier, a technology-powered healthcare improvement company, for a total deal value of $2.6 billion [1] - Premier's board has unanimously approved the acquisition, with shareholders set to receive $28.25 per share, representing a 23.8% premium over its 60-day volume-weighted average price [1] Company Insights - Premier's president and CEO, Michael Alkire, highlighted the company's growth since going public in 2013, emphasizing its supply chain expertise, technology, and advisory capabilities [2] - The transition to private ownership is expected to enhance Premier's financial flexibility and provide resources for advancing its product portfolio and innovation [2] Future Prospects - Neel Varshney, founding partner at Patient Square, expressed confidence in Premier's potential for growth in supply chain services, data and technology offerings, and consulting solutions [3] - The acquisition is subject to shareholder approval, regulatory clearances, and other closing conditions [3] Advisory Roles - Goldman Sachs and BofA Securities are serving as financial advisers to Premier, while Kirkland & Ellis is advising Patient Square on the acquisition [4]

Core Insights - Fagron Sterile Services US (FSS) has been awarded a national group purchasing agreement for compounded sterile services with Premier, Inc., effective July 1, 2025, allowing Premier members to access special pricing and terms for outsourced compounded preparations [1][2]. Company Overview - Fagron Sterile Services US is a leading DEA & FDA registered 503B pharmaceutical outsourcing company focused on providing ready-to-administer, cGMP-compliant compounded preparations to healthcare providers [1][5]. - The company aims to enhance patient safety and support supply chain resilience across various critical care areas, including labor and delivery, ophthalmics, and pain management [5]. Industry Context - The agreement with Premier highlights FSS's role in addressing medication shortages and rising costs in the healthcare sector by providing consistent and cost-effective solutions [3]. - Premier, as a technology-driven healthcare improvement company, serves two-thirds of all healthcare providers in the US, facilitating better care and outcomes through integrated data and analytics [4].