Group 1 - Premier has been acquired by Patient Square Capital and will operate as a wholly owned subsidiary, with its board resigning under the purchase agreement [3][7] - The acquisition was valued at $2.6 billion, with Premier stockholders receiving $28.25 in cash per share, and the deal closed earlier than anticipated [7] - Premier's revenue for the quarter ended September 30 was reported at $240 million, a decrease of 3% year over year, while net income from continuing operations fell by 79% to $15.3 million [4] Group 2 - The acquisition follows Premier's exploration of strategic alternatives, including a potential sale, due to declining stock prices and financial challenges [4] - Premier has divested some assets, including its non-healthcare GPO operations and is winding down its employee health benefits subsidiary, Contigo Health [5] - Patient Square's portfolio includes other healthcare firms such as ChenMed, Access Telecare, and CorroHealth, indicating a focus on value-based care and revenue cycle management [5]