Press Ganey to be Bought by Swiss Private Equity Firm

Thanks to @susanwoolner for pointing us to this article.

Press Ganey, the healthcare consulting firm, announced Tuesday that it will be acquired by Swedish private equity firm EQT in a $2 billion deal.

Under terms of the agreement, the private equity firm will pay $40.50 a share for Press Ganey's stock. Press Ganey has a market value of $2.35 billion, according to a news release.

In a news release, Press Ganey CEO Patrick Ryan said, “We are very excited about this transaction as it delivers value for our shareholders and allows Press Ganey to accelerate our investment in both acquisitions and product innovation that best serve our clients.”

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