Patient Square Capital will acquire Premier Inc., according to a news release.

Premier (NASDAQ: PINC), formed in 1996 and based in Charlotte, North Carolina, is a healthcare service company well known for its group purchasing organization services, but also offering technology, data analytics, advisory and performance improvement solutions.

Patient Square, based in Menlo Park, Calif., is dedicated healthcare investment firm. Founded in 2020, the firm seeks investments across several healthcare industry subsectors, including products, services and technologies designed to improve health.

The transaction is valued at $2.6 billion. It is expected to close by the first quarter of calendar year 2026.