Qualtrics to Buy Press Ganey for $6.75 Billion, FT Reports (1)

Qualtrics International Inc. has agreed to buy Press Ganey Forsta in a deal that values the health-care technology company at $6.75 billion including debt, the Financial Times reported, citing people familiar with the matter.

The agreement is set to be announced on Monday, the FT said, without identifying its sources. Press Ganey’s owners will get a mix of cash and Qualtrics’ equity for their holding, the newspaper said.

Press Ganey, a software platform that’s used by health-care firms to collect and analyze patient and employee data, is owned by Ares Management and Leonard Green & Partners. The company ...