Press Release Excerpt
We are pleased to announce that Brookwood Associates advised Morehead Associates, Inc. ("Morehead" or "Company"), a leading provider of physician and healthcare employee surveys, analytic data services, and other outsourced engagement and human capital solutions to hospitals. The Company was acquired by Press Ganey Associates, Inc. ("Press Ganey"), a portfolio company of Vestar Capital Partners. Press Ganey is the U.S. leader in outsourced patient satisfaction and patient experience solutions, and a strategic business partner to more than 10,000 healthcare organizations across the continuum of care. The transaction provides Morehead and its management team with a highly valuable new partner to accelerate growth while allowing its owners to realize an attractive return on their 30-year investment in the Company.
The Morehead-Press Ganey transaction extends Brookwood's track record in the healthcare, healthcare IT, and business services sectors, and represents the firm's sixth healthcare transaction in the last twelve months. The healthcare industry, including the outsourced solution sector that Press Ganey and Morehead participate in, continues to attract strong interest from both private equity investors and strategic acquirers. Brookwood's sector expertise, M&A market knowledge, and effective process management were instrumental to achieving a transaction that met both owner and management goals.