Private equity funds managed by affiliates of Ares Management Corporation (Ares) and Leonard Green & Partners (LGP), together with investment partners GIC, British Columbia Investment Management Corporation (BCI), and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), have completed the acquisition of Press Ganey Associates from EQT Partners.
Terms of the transaction have not been disclosed.
Press Ganey Associates is a provider of safety, quality, patient experience and workforce engagement solutions for healthcare organisations.
“We are excited to work with Ares and LGP, two of the leading private equity firms worldwide, to expand on our vision to improve the overall experience of care through innovative solutions and complementary acquisitions,” says Patrick T Ryan, Executive Chairman of Press Ganey. “We appreciate the tremendous partnership we have had with EQT and the considerable impact we have been able to make on the health care industry. Today marks another milestone in Press Ganey’s journey toward achieving safe, high quality, patient-centred care.”
“We look forward to supporting Press Ganey’s mission through expansion of their transformational portfolio, which has potential for broad application across the healthcare industry,” says Pete Zippelius, Partner, Leonard Green & Partners.
“There is significant opportunity to drive improvement across the continuum of care through a shared view of the overall experience of both patients and caregivers,” says Kevin Ryan, Partner in the Ares Private Equity Group. “We are proud to be part of developing solutions that make a difference in people’s lives every day.”
“Press Ganey has helped to redefine the approach to patient-centred care through its work with leading providers across the US,” says Eric Liu, Partner at EQT Partners, Investment Advisor to EQT VII. “It has been a pleasure to work with this dedicated team of professionals to deliver thought leadership and product innovation that improve the overall experience of care.”
