National Research Corp. Strikes Deal for TGI

Share this article:

The National Research Corp. bought hospital governance information and education company The Governance Institute this week. The deal cost the NRC $19.5 million in cash and $2.8 million in assumed liabilities.

Private equity firm Housatonic Partners was the majority shareholder in TGI.

"TGI's attractive subscription-based business model, high renewal rates and low capital requirements, combined with its highly recognized and trusted brand built over the past 20 years, has all the aspects one looks for in great companies with great talent," said NRC's CEO Michael D. Hays in a statement.

TGI will remain in San Diego and its current associates are expected to remain. Jona Raasch, NRC's chief operations officer, has been named president of TGI.

Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

Customer Centricity Is Spurring Marketing-Tech Investments

Customer Centricity Is Spurring Marketing-Tech Investments

A majority of marketers rank customer satisfaction improvements as paramount in the technology investment decisions.

Big, Bold Moves in the C-Suite

Big, Bold Moves in the C-Suite ...

JCPenney appoints Home Depot's Marvin Ellison as CEO; Harte Hanks and JWT add hitting power to their C-level benches

Campaign Comes to the States

Campaign Comes to the States

DMN's UK-based sister publication launches Campaign US