JPMorgan Chase Leads $5.3 Billion Debt Raise for Qualtrics Acquisition

A lender group spearheaded by JPMorgan Chase is set to raise $5.3 billion in debt to facilitate Qualtrics' acquisition of the health-care survey company Press Ganey Forsta, Bloomberg posted on X, citing sources familiar with the situation. This financial move aims to bolster Qualtrics' expansion in the health-care sector, enhancing its capabilities in survey and data analytics. The acquisition is expected to strengthen Qualtrics' position in the market, providing it with valuable resources and expertise from Press Ganey Forsta. The debt raise underscores the strategic importance of this acquisition for Qualtrics, as it seeks to leverage Press Ganey Forsta's established presence and reputation in the health-care industry. Details regarding the terms of the debt raise and the timeline for the acquisition have not been disclosed. The move reflects a broader trend of consolidation within the health-care sector, as companies aim to enhance their offerings and expand their market reach through strategic acquisitions.