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Avondale Partners Downgrades Press Ganey Holdings (PGND) to Market Perform

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Press Ganey Enters into Definitive Agreement to be Acquired by EQT

August 9, 2016 8:25 AM EDT

EQT to pay $40.50 per share in all cash transaction

Acquisition of Press Ganey represents first direct EQT Equity Investment in North America

BOSTON--(BUSINESS WIRE)-- Press Ganey (NYSE: PGND), a healthcare performance improvement company, announced that it has entered into a definitive agreement to be acquired by EQT Equity fund EQT VII (EQT), part of the global private equity group EQT. Under the terms of the agreement, EQT will acquire all of Press Ganeys common stock. Shareholders of record will receive $40.50 in cash... More