Press Ganey to be acquired by private-equity firm EQT in $2.35 billion deal

Press Ganey
which offers performance analytics to health care companies, said it has entered an agreement to be acquired by private-equity firm EQT in a deal with an enterprise value of about $2.35 billion. EQT will pay $40.50 in cash per Press Ganey share, for a 20% premium of the stock’s year-to-date volume-weighted average price, or a 62% premium over its initial pubic offering issue price. The deal is expected to close in the fourth quarter. Press Ganey shares were flat in premarket trade, but have gained 28% in the year to date, while the S&P 500
has gained about 7%.

View more information:

Articles in category: moneyist
See also  Asian-American business leaders rally against wave of hatred: ‘We don’t deserve to live in fear in our own country’

Leave a Reply

Back to top button