GIC and ADIA Join in Press Ganey Associates Sale from EQT
Posted on 07/26/2019
Press Ganey Associates, Inc. is a South Bend, Indiana-based health care company known for developing and distributing patient satisfaction surveys. Private equity funds managed by affiliates of Ares Management Corporation and Leonard Green & Partners, L.P., together with investment partners Singapore’s GIC Private Limited, British Columbia Investment Management Corporation (BCI), and a sovereign wealth enterprise (SWE) of the Abu Dhabi Investment Authority (ADIA) acquired Press Ganey Associates from Swedish private equity firm EQT Partners through its EQT VII fund.
The deal was originally agreed to on June 11, 2019, but the investor group brought on additional partners in July.
Press Ganey Associates works with more than 41,000 healthcare facilities.
Barclays and Goldman Sachs are acting as financial advisors to Press Ganey.