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Announced

Completed

Leonard Green and Ares Management completed the acquisition of Press Ganey from EQT Partners.

Financials

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Transaction Value£3,151m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Single Bidder

Private

medical devices

Medical Equipment

United States

Private Equity

Acquisition

Completed

Majority

Synopsis

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A consortium of funds managed by affiliates of Ares Management, Leonard Green & Partners, and other co-investors completed the acquisition of Press Ganey, a provider of safety, quality, patient experience and workforce engagement solutions for healthcare organizations in the US, from a private equity firm EQT Partners for $4bn. "Press Ganey plays an integral role in the US healthcare system and we have been proud to support its mission of delivering safe, high-quality care for patients, and supporting the caregivers that serve them. It has been a pleasure to partner with the management team, which has done a fantastic job in continuing to advance thought leadership and product innovation across the industry," Eric Liu, EQT Partners Partner.

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