Qualtrics Agrees to Buy Press Ganey Forsta in $6.75 Billion Deal

Qualtrics International Inc., a leading experience management platform, has agreed to acquire Press Ganey Forsta, a prominent health-care survey firm, in a deal valued at $6.75 billion. This acquisition is the latest in a series of private equity-driven transactions involving enterprise software businesses. The merger will combine Qualtrics' expertise in experience management with Press Ganey Forsta's strengths in the healthcare sector, creating a powerful platform for delivering comprehensive solutions to clients. The deal is expected to enhance Qualtrics' position in the market and expand its reach within the healthcare industry. The transaction is subject to regulatory approvals and is anticipated to close in the second half of 2023. The combined entity will benefit from the complementary strengths of both companies, enabling them to provide enhanced services and solutions to their respective customer bases.