William Blair acted as exclusive financial advisor to SPH Analytics, a portfolio company of Symphony Technology Group (STG), in connection with its sale to Press Ganey. The transaction signed on April 20, 2021 and closed on May 26, 2021.
Transaction Highlights
- Deep sector knowledge: SPH Analytics and STG were attracted to William Blair’s extensive knowledge and highly relevant transaction experience advising leading companies in the healthcare IT payor space.
- Strong relationship with SPH Analytics and STG: William Blair’s long-standing relationship has been built over numerous interactions, including hosting SPH Analytics at the 2020 Private Equity Conference.
- Trusted guidance: SPH Analytics and STG valued William Blair’s track record in HCIT and the team’s thoughtful involvement around negotiating the purchase agreement.
About the Companies
SPH Analytics offers the leading healthcare measurement and analytics platform for consumer experience and engagement. Leveraging a foundation of 35 years of healthcare consumer experience data and behavioral patterns, SPH deploys an analytical and predictive approach to measure and report the consumer experience, understand root causes to drive quality improvement and create blueprints for who, how, and when to engage consumers for optimal outcomes.
Symphony Technology Group is the private equity partner to market-leading companies in data, software, and analytics. The firm brings expertise, flexibility, and resources to build strategic value and unlock the potential of innovative companies. STG is dedicated to transforming and building outstanding technology companies in partnership with world-class management teams, with a portfolio of more than 35 global companies.
Press Ganey pioneered the health care performance improvement movement 35 years ago and today offers an integrated suite of solutions that enable enterprise transformation across the patient journey. The company works with more than 41,000 health care facilities in its mission to reduce patient suffering and enhance caregiver resilience to improve the overall safety, quality, and experience of care.
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