Patient Square Capital, the healthcare-focused private equity firm founded by former KKR dealmaker Jim Momtazee, is exploring a potential acquisition of Premier Inc, a Charlotte-based healthcare services and technology company, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as highlighting that discussions remain at an early stage, with Patient Square said to be lining up financing for a possible transaction that could see Premier taken private. Other bidders may yet emerge, and there is no certainty that a deal will materialise, the sources cautioned.
Premier, which has a current market value of about $2.1bn after gaining 22% year-to-date, provides group purchasing services that allow hospitals and health systems to secure better pricing on medical supplies, alongside a growing healthcare technology arm.
Founded in 2020 and based in Menlo Park, Patient Square manages around $12bn in assets and focuses exclusively on healthcare investments. The firm has been active in large-scale buyouts, having teamed up with a consortium in 2023 to acquire Syneos Health for $7.1bn including debt.
