Patient Square Capital Acquires Hanger, Inc.

Hanger, Inc. Acquires Fillauer

February 22, 2024

Medical Devices

Hanger, Inc. completed its acquisition of Fillauer, a global orthotic and prosthetic (O&P) manufacturing and innovation leader, adding Fillauer’s U.S. fabrication and European operations to Hanger’s Products & Services segment. The deal brings Fillauer’s manufacturing, R&D and product lines into Hanger’s broader O&P ecosystem to expand capabilities and support outcomes-based clinical research and patient care.

Patient Square Capital Acquires Patterson Companies

April 17, 2025

Healthcare Services

Patient Square Capital, a healthcare-focused private equity firm, has completed the acquisition of Patterson Companies for $31.35 per share (transaction value approximately $4.1 billion). The deal closed April 17, 2025, taking Patterson private; Robert Rajalingam was named CEO and Patterson will continue to be headquartered in St. Paul, Minnesota.

Patient Square Capital Acquires Premier, Inc.

November 25, 2025

Healthcare Services

Patient Square Capital, a healthcare-focused investment firm, has completed its $2.6 billion acquisition of Premier, Inc. Under the deal, Premier will be taken private, delisted from Nasdaq, and Premier stockholders will receive $28.25 per share in cash. The transaction positions Patient Square to grow Premier's technology-driven data, analytics, supply chain and consulting offerings.

Patient Square Capital Acquires Premier, Inc.

November 25, 2025

Healthcare Services

Patient Square Capital, a healthcare-focused private equity firm, is acquiring Premier, Inc. in a take-private transaction approved by Premier stockholders. Under the deal Premier stockholders will receive $28.25 per share (a ~23.8% premium) and the transaction — valued at roughly $2.6 billion — was expected to close on or about November 25, 2025.

424 Capital Acquires Majority Stake in Health Perspectives Group

September 30, 2021

Healthcare Services

424 Capital closed a majority investment in Health Perspectives Group (HPG) in early August 2021 to support HPG’s growth and expansion of its patient engagement offerings. The deal was completed alongside longtime 424 partners Eagle Private Capital, Plexus Capital and Enterprise Bank and will fund expansion of HPG’s tech-enabled patient engagement and clinical trial support services for pharmaceutical and biotechnology clients.

Patient Square Capital Becomes Majority Owner of Eargo, Inc.

November 29, 2022

Medical Devices

Patient Square Capital became the majority equity owner of Eargo, Inc. after converting its senior secured convertible notes and participating in Eargo’s rights offering. The transaction leaves Eargo debt-free, gives Patient Square approximately 76.3% of outstanding common stock, and raises roughly $32.3 million of net proceeds to support working capital and the company’s omni-channel growth strategy.