American Securities Capital Partners Completes the Sale of Press Ganey Associates

NEW YORK--(Business Wire)--
American Securities Capital Partners (ASCP) completed the sale of
their interest in Press Ganey Associates after almost five years of
partnership with the Company. The exit occurs after significant
accomplishments by Press Ganey over this period.

For more than 20 years, Press Ganey has been the leader in
providing insight that allows health care organizations to improve the
quality of care. The company offers the largest comparative feedback
databases, actionable data and solution resources. Press Ganey
partners with more than 7,000 health care facilities to measure and
improve the quality of care.

ASCP initially invested in Press Ganey alongside the Company's
founders and the senior management team led by CEO Mel Hall. Financial
details of the transaction are not being released but the Company grew
several-fold during the time of ASCP's investment, both operationally
and financially.

Glenn Kaufman, Managing Director of ASCP and former Chairman of
Press Ganey, commented that the investment experience was "a success
in every sense we think about." Elaborating on that, he said, "We
earned very strong returns for both our investors and management
partners, we helped a team turn a very successful entrepreneurial
business into a world-class company and we built relationships with
the management team that we expect will last a lifetime."

Press Ganey represents ASCP's third investment in the health care
area, with two others including Miltex, the leading supplier of
hand-held dental and surgical instruments to the alternate site
market, and Healthy Directions, a leading direct marketer of
nutritional supplements and health newsletters.

Mr. Kaufman noted, "Our experience with Press Ganey reaffirmed and
deepened our commitment to investing further in the health care sector
- particularly in market-leading businesses that have the potential to
drive improved quality or increased efficiency in the health care
system." He added "We see an enormous opportunity to leverage American
Securities' resources and understanding to help great management teams
grow their businesses and to continue to improve their competitive
position. I believe that is what we accomplished with Press Ganey and
we look forward to undertaking it with a number of other health care
businesses." ASCP is continuing to commit additional resources to the
health care sector.

About American Securities Capital Partners

American Securities Capital Partners (ASCP) is a New York-based
private equity firm that invests in market-leading companies in North
America with annual revenues generally ranging between $100 million
and $500 million. Investments are funded from $4 billion of committed
capital that ASCP manages on a discretionary basis for its investors.
The firm traces its roots to the family office founded in 1947 by
William Rosenwald to invest and manage his share of his family's
Sears, Roebuck & Co. fortune and today continues to invest largely on
behalf of wealthy families and individuals. ASCP has offices in New
York and Shanghai. For more information on ASCP, visit
www.american-securities.com.

About Press Ganey Associates

For more than twenty years, Press Ganey has been committed to
providing insight that allows health care organizations to improve the
quality of care they provide. The company offers the largest
comparative customer feedback databases, actionable data, solution
resources and unparalleled customer service. Press Ganey currently
partners with more than 7,000 health care facilities--including over
40% of U.S. hospitals--to measure and improve the quality of their
care. For more information on Press Ganey, visit www.pressganey.com.

American Securities Capital Partners
Anne Board, 212-476-4967
External Relations
aboard@american-securities.com

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