Daily news from online research no. 32777
Healthcare experience company buys Forsta
February 7, 2022
Less than a year after forming from software companies Confirmit and FocusVision, search technology pioneer Forsta has been acquired by healthcare experience specialist Press Ganey, for an undisclosed sum.
Forsta became the new name for the merger of Confirmit and FocusVision in April last year, some 12 months after the forced sale of Confirmit to Nordic private equity fund Verdane and the resulting merger with Dapresy. Its new owner specializes in the experience of patients, members, employees and consumers across the entire healthcare ecosystem, with solutions focused on safety, clinical excellence, patient experience. patient and workforce engagement, and works with more than 41,000 healthcare facilities.
Press Ganey says the purchase will advance its drive to embed cutting-edge, human-centric technology into its thought leadership and management expertise in the sector. Clients will have access to Forsta’s full suite of tools for customer experience, employee experience and research tools, and Press Ganey will also benefit from Forsta’s knowledge of other industries, including retail. , financial services, travel and hospitality, technology, entertainment and consumer goods.
For Forsta, the deal means “the resources to innovate at an accelerated pace,” access to the healthcare industry’s “benchmark” CX and EX capabilities, and deep consulting and change management experience.
The transaction is expected to close in the first half of this year and remains subject to regulatory approvals and other customary closing conditions.
According to Forsta CEO Kyle Ferguson (pictured), “Press Ganey was the first company to truly recognize and respond to the importance of the patient experience, and the company continues to be at the forefront of the ‘innovation in the field’. He adds, “I am thrilled to partner with such a forward-thinking and highly respected company, and look forward to the benefits this investment will bring to our customers.”
Press Ganey President and CEO Patrick T. Ryan said the deal “propels the company into a new future”, while Chief Strategy Officer Darren Dworkin comments, “This decision is the culmination of Press Ganey’s investments to not only be leaders in healthcare, but also to be at the forefront of experience technology. Forsta’s HX platform will enable Press Ganey to leapfrog forward in our technological solutions for our customers.
All articles 2006-22 written and edited by Mel Crowther and/or Nick Thomas, unless otherwise noted.