Patient experience firm Press Ganey Holdings today announced the acquisition of Avatar International Holding Company and its subsidiary Avatar International LLC, a patient experience and employee engagement company. As part of the acquisition, Press Ganey will add Avatar’s clients to its existing patient experience and caregiver engagement client base.
According to the press release, 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.
“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,” said Patrick T. Ryan, CEO, Press Ganey.