Latham Advises on US$1.675 Billion Private Debt Financing for Premier, Inc.’s Definitive Agreement to Be Acquired by Patient Square Capital

Premier, Inc. (NASDAQ: PINC), a leading technology-driven healthcare improvement company, has announced that it has entered into a definitive agreement to be acquired by an affiliate of Patient Square Capital. The debt financing for the transaction consists of a US$1.45 billion senior secured first lien term loan facility and a US$225 million senior secured revolving credit facility on the terms set forth in a debt commitment letter. The transaction is expected to close by the first quarter of calendar year 2026, subject to approval by Premier stockholders and satisfaction of regulatory approvals and other customary closing conditions. Upon completion of the transaction, Premier will be a private company, and Premier common stock will no longer be listed or traded on any public exchange.

Latham & Watkins LLP represented the financing sources in the transaction with a private credit team led by Stelios Saffos, Global Chair of Latham’s Capital Markets Practice, Peter Sluka, Global Co-Chair of the Hybrid Capital Practice, Alfred Xue, Global Vice Chair of the Banking & Private Credit Practice, and partners John Miller and Michael Waldman, with associates Julia Albrecht and Chi-Emeka Egwuagu.