Healthcare research firm Press Ganey filed for a US initial public offering of common stock, the latest buyout-backed company looking to tap a fully valued equity market. Private equity firm Vestar Capital Partners Inc, which bought Press Ganey from American Securities LLC in 2008, tried to sell the company in 2011.
However, the buyout firm pulled the sale process after it failed to meet its valuation expectations. Since then, Press Ganey has changed its top executives including hiring healthcare veteran Patrick Ryan as CEO in 2012.
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