Cozen O’Connor: Press Ganey Purchased by Private Equity Firm for $2 Billion

Press Ganey Purchased by Private Equity Firm for $2 Billion

Tuesday, August 9, 2016

Christopher Raphaely, co-chair of Cozen O’Connor’s Health Care practice group, discusses Press Ganey’s acquisition by Swedish private equity firm EQT for $2 billion. EQT will pay $40.50 a share for Press Ganey’s stock and the deal is expected to close by the end of 2016. Chris says that EQT likely saw the “U.S. healthcare industry as a worthwhile investment as it continues to evolve and as more data-driven research is mandated by the federal government.” Chris also noted that EQT is “no stranger” to working within “heavily regulated industries,” which will help the private equity firm manage the numerous U.S. rules and regulations associated with the transaction.

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Contacts

R. Christopher Raphaely

Co-Chair, Health Law

craphaely@cozen.com

(215) 665-2099

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