Press Ganey Acquires Avatar International Holding Company
May 03 2016 - 7:00AM
Business Wire
Press Ganey Holdings, Inc. (NYSE:PGND) today announced the
acquisition of Avatar International Holding Company and its
subsidiary Avatar International LLC, a patient experience and
employee engagement company. Press Ganey, a leading health care
performance improvement firm, partners with organizations across
the continuum of care and will add Avatar’s clients to its existing
patient experience and caregiver engagement client base.
“For over 30 years, Press Ganey has partnered with organizations
across the continuum of care to reduce patient and caregiver
suffering and improve the overall quality, safety and experience of
care,” said Patrick T. Ryan, CEO, Press Ganey. “Through this
acquisition, Avatar clients will benefit from Press Ganey’s deep
data, leading technology platform, advanced analytics and advisory
services. We look forward to partnering with these organizations to
help them achieve their goals.”
The transaction, which closed on May 2, 2016, is expected to
contribute revenue of $6 to $7 million in 2016 and have no material
impact on 2016 adjusted EBITDA.
About Press Ganey
Press Ganey Holdings (NYSE: PGND) is a leading provider of
patient experience measurement, performance analytics and strategic
advisory solutions for health care organizations across the
continuum of care. Celebrating 30 years of experience, Press Ganey
is recognized as a pioneer and thought leader in patient experience
measurement and performance improvement solutions. Our mission is
to help health care organizations reduce patient suffering and
improve clinical quality, safety and the patient experience. As of
January 1, 2016, we served more than 26,000 health care
facilities.
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