Management and Vestar Capital Partners Purchase Interest from American
Securities Capital Partners
SOUTH BEND, Ind. and NEW YORK, Jan. 30 /PRNewswire/ -- Press Ganey Associates, Inc., the leading provider of health care performance improvement solutions, announced today that Vestar Capital Partners (Vestar) has agreed to purchase a majority interest in the Company from long-time investor American Securities Capital Partners, LLC (ASCP). The Press Ganey management team, who invested alongside American Securities, will remain in place and will continue to be substantial investors in the business.
Press Ganey provides quality improvement solutions to more than 40 percent of all U.S. hospitals and more than 7,000 health care facilities nationwide. The Company helps hospitals, medical practices, home care agencies, and other health care providers enhance organizational outcomes including patient perceptions, patient safety, employee engagement, physician relations, clinical outcomes, and financial results.
Melvin F. Hall, Ph. D., President & CEO of Press Ganey, said, "The fundamental challenge of America's health care system is to provide the highest quality of care with the best possible patient outcomes at the lowest cost. Press Ganey helps accomplish these goals by providing health care providers with comprehensive services to measure, benchmark, and improve upon the delivery of health care. Vestar is firmly committed to the company's mission and culture, and their investment is a validation of our efforts to improve the quality of health care and recognizes the strong growth and loyalty we have built with our clients."
"Press Ganey sits squarely at the intersection of two of the most
important trends in health care for the next decade: consumerism and health
care quality. We are pleased to partner with an organization and management
team who are shaping tomorrow's health care landscape," said Roger C.
|SOURCE Press Ganey Associates, Inc.|
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