Press Ganey Announces Plans To Acquire Forsta -- A Leader In The 2021 Gartner® Magic Quadrant™ For Voice Of The Customer -- To Accelerate Innovation In The Global Healthcare Experience Industry
Feb 07, 2022•almost 4 years ago
Acquiring Company
Press Ganey Forsta
Acquired Company
Forsta
South BendSportsHealth CareDescription
Press Ganey, a renowned leader in patient, member, employee and consumer experience across the healthcare ecosystem, today announced its plans to acquire Forsta, an industry-leading global provider of customer experience and market research technology. Forsta is named a Leader in the 2021 Gartner® Magic QuadrantTM for Voice of the Customer. The transaction is expected to close in the first or second calendar quarter of 2022, and is subject to regulatory approvals and other customary closing conditions.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed