Premier, Inc. Announces Transition of Michael J. Alkire as President and Chief Executive Officer

Premier, Inc. today announced that President and Chief Executive Officer, Michael J. Alkire, plans to transition as the company's leader upon the successful selection of an appropriate successor by the Board of Directors. Alkire will remain in his current role during a targeted search process for a new CEO to support future growth as a private company.

Alkire, who joined Premier in 2003, is a seasoned healthcare executive with more than 30 years of operational, technology and business leadership experience. He has held numerous leadership roles at the company, including serving as Chief Operating Officer starting in 2013, becoming President in 2019 and CEO in 2021.

During his tenure, Alkire led Premier through a period of historic change in healthcare - including the COVID-19 pandemic and Premier's evolution into a technology-enabled performance improvement partner - and was directly responsible for the company's strategic foundation, product innovations and the strategic review process that culminated in the Patient Square transaction.

During the search process, Alkire and the leadership team will continue to focus on advancing Premier's priorities across technology, performance improvement and innovation. The Board's targeted CEO search will identify a leader who will build on Premier's deep member relationships, advance its performance improvement and technology capabilities, and continue to deliver meaningful value for Premier's members, customers, employees and partners.