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Hospitals pressing your buttons? Press Ganey files for a $100 million IPO

Press Ganey, which provides patient survey and advisory services to healthcare organizations, filed on Monday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $300 million. It officially filed under the name PGA Holdings.

The Wakefield, MA-based company, which was founded in 1985 and booked $282 million in sales for the 12 months ended December 31, 2014, plans to list on the NYSE. It did not disclose a proposed symbol. The company initially filed confidentially on February 12, 2015. Barclays, Goldman Sachs and William Blair are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Hospitals pressing your buttons? Press Ganey files for a $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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