EQT to buy Press Ganey for about $2.35 bln

EQT has agreed to acquire Press Ganey, a performance analytics provider to healthcare companies, for $40.50 per share or about $2.35 billion. The seller is Vestar Capital Partners. Barclays and Goldman Sachs are serving as financial advisers to Press Ganey on the transaction while BofA Merrill Lynch is doing likewise to EQT. The transaction is expected to close during the fourth quarter of this year.

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