Premier, Inc.

Premier, Inc.
TypePrivate
Founded2013 (2013)
HeadquartersCharlotte, North Carolina, U.S.
Key people
Emad Rizk (President and CEO)[1]
RevenueDecrease US$1.336 billion (2023)
Decrease US$174.887 million (2023)
Number of employees
2,800 (2023)
Websitepremierinc.com

Premier, Inc. is an American healthcare company headquartered in Charlotte, North Carolina. Initially, it was a hospital buying group, pooling healthcare purchases to reduce prices.[2]

Premier became a public company via an initial public offering in September 2013, raising $760 million.[3] In 2019, two years after acquiring Stanson Health for $51.5 million,[4][5] Premier bought the healthcare technology firm Medpricer for $35 million.[6]

In 2020, Premier partnered with McLaren Health Care to acquire a minority stake in Prestige Ameritech, a manufacturer of personal protective equipment.[7] The company sold its non-GPO business lines to OMNIA Partners in 2023 for $800 million.[8][9]

In 2025, the company agreed to be taken private by Patient Square Capital, an investment management firm, in a $2.6 billion deal.[10] The transaction was completed on November 25, 2025.[11][12]

In May 2026, Emad Rizk, M.D. was named President and Chief executive officer of Premier, Inc., succeeding Michael J. Alkire.[13][14] Rizk previously served as Chairman, President and CEO of KKR & Co.'s Cotiviti, and was formerly head of R1 RCM (previously Accretive Health).[15] In June 2026, he was appointed to the steering group of the National Academy of Medicine's initiative for Patient Safety in the Era of AI.[16]

Awards

  • National Quality Forum's John M. Eisenberg Patient Safety and Quality Award (2016)[17]
  • Cigna Well-Being Award for the years 2016, 2017, 2019 and 2020[18]

References

  1. ↑ "Emad Rizk, M.D. — President and CEO". Premier, Inc. Retrieved 8 June 2026.
  2. ↑ Mary Williams Walsh (15 August 2002). "U.S. Expands Hospital Supply Buying Inquiry". The New York Times. Retrieved 1 June 2021.
    - Barry Meier (4 September 2002). "A Persistent Small Supplier Gets Contract for Hospitals". The New York Times. Retrieved 1 June 2021.
    - Walt Bogdanich; Barry Meier; Mary Williams Walsh (4 March 2002). "MEDICINE'S MIDDLEMEN; Questions Raised of Conflicts At 2 Hospital Buying Groups (Published 2002)". The New York Times. Retrieved 1 June 2021.
  3. ↑ "Premier shares jump after IPO raises $760M". San Diego Union-Tribune. 26 September 2013. Retrieved 23 September 2025.
  4. ↑ "Premier to acquire software company Stanson Health for $51.5M". Healthcare Dive. Retrieved 17 June 2026.
  5. ↑ Reed, Tina (7 November 2018). "Premier acquires Cedars-Sinai Medical Center spinout Stanson Health in $51.5M deal". Fierce Healthcare. Retrieved 17 June 2026.
  6. ↑ Hudson, Caroline (30 October 2019). "Charlotte-based Premier Inc. acquires health-care tech firm in $35M deal". Charlotte Business Journal.
  7. ↑ "McLaren Health Care Partners with Premier, Inc. and Prestige Ameritech to Expand Domestic PPE Production". FOX 47 News. 8 June 2020. Retrieved 2 November 2020.
  8. ↑ "Premier to sell non-healthcare operations for $800 mln". Reuters. 14 June 2023. Retrieved 26 June 2026.
  9. ↑ "Premier, Inc. to Divest Non-Healthcare GPO Operations for Approximately $800 Million in Cash". Premier. Retrieved 26 June 2026. OMNIA will become the primary GPO for Premier's non-healthcare members, which include educational, hospitality and recreation organizations, and will provide support to the channel partners that service non-healthcare GPO members.
  10. ↑ "Healthcare firm Premier to go private in $2.6 billion deal". Reuters. 22 September 2025. Retrieved 23 September 2025.
  11. ↑ "Patient Square Capital Completes Acquisition of Premier, Inc". MarketScreener. Retrieved 3 December 2025.
  12. ↑ Olsen, Emily (26 November 2025). "Premier closes $2.6B take-private deal | Healthcare Dive". healthcaredive.com. Retrieved 17 June 2026.
  13. ↑ Hudson, Caroline (5 May 2026). "Premier names Emad Rizk as president, CEO". www.modernhealthcare.com. Retrieved 17 June 2026.
  14. ↑ "Premier Inc. names new CEO after $2.6B acquisition". Charlotte Business Journal. 5 May 2026. Retrieved 17 June 2026.
  15. ↑ "Emad Rizk, M.D. — President and CEO". Premier, Inc. Retrieved 8 June 2026.
  16. ↑ "Premier CEO Dr. Emad Rizk Joins National Academy of Medicine Steering Group". Business Wire. Retrieved 8 June 2026.
  17. ↑ "John M. Eisenberg Patient Safety and Quality Award Recipients Announced" (Press release). The National Quality Forum. 7 April 2016.
  18. ↑ "BETTER WELL-BEING STARTS WITH BETTER ENGAGEMENT" (PDF). Cigna. 2022. Archived from the original (PDF) on 1 July 2022.
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