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Vestar Capital Partners Completes Acquisition of Institutional Shareholder Services

NEW YORK, NEW YORK – April 30, 2014 – Vestar Capital Partners (“Vestar”) announced today that it has completed its acquisition of Institutional Shareholder Services Inc. (“ISS”) from MSCI Inc. (NYSE: MSCI). The acquisition was previously announced on March 18, 2014. The current ISS management team will remain in place and will be meaningful shareholders alongside Vestar in the company going forward.

Institutional Shareholder Services is a leading provider of corporate governance solutions to the global financial community. ISS currently has more than 700 employees operating across 15 global offices in 10 countries.  Its 1,700 clients include institutional investors, who rely on ISS’ objective and unbiased proxy research and data to vote their portfolio holdings, as well as corporations focused on governance risk mitigation as a shareholder-value enhancing measure.

Simpson Thacher & Bartlett LLP served as legal advisor to Vestar Capital Partners. Morgan Stanley acted as financial advisor and Davis Polk & Wardwell LLP acted as legal advisor to MSCI on the transaction.

About ISS

ISS, founded in 1985 as Institutional Shareholder Services Inc., is the world’s leading provider of proxy advisory and corporate governance solutions to financial market participants. ISS’ services include objective proxy research and analysis, end-to-end proxy voting and distribution solutions, turnkey securities class-action claims management, and reliable governance data and modeling tools. Clients rely on ISS’ expertise to help them make informed corporate governance decisions. For more information, please visit www.issgovernance.com.

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Press Ganey Acquires Dynamic Clinical Systems

April 28, 2014, Boston, MassachusettsPress Ganey, the leading patient experience improvement firm, today announced the acquisition of Dynamic Clinical Systems (DCS), a patient-reported outcomes (PRO) services and solutions provider. The acquisition expands Press Ganey’s Patient Voice™ portfolio for health care organizations with the ability to collect, measure and analyze patient-reported data.

“Press Ganey has long respected the progressive efforts of DCS to capture the patients’ perspectives as they engage in their care. As we considered expanding our solutions to include patient-reported outcomes, it was clear that DCS offered the most comprehensive approach to measure and interpret patient-reported data,” said Patrick T. Ryan, CEO, Press Ganey. “As Press Ganey strives to help organizations improve the patient experience across the continuum of care, we believe DCS’s capabilities offer another critical dimension to help understand, segment and manage the patient population.”

Founded on the groundbreaking work of researchers from Dartmouth Medical School and Dartmouth-Hitchcock Medical Center, DCS helps health care organizations measure and analyze patient-reported health history and outcomes, and provides insights into the process of care. Through real-time data, physicians and care teams can respond to patient feedback before, during and after treatment to improve engagement and outcomes. By combining patient-reported outcomes with Press Ganey’s suite of patient and employee products and services, clients will be able to garner deeper patient insights to drive segmentation and further focus their improvement efforts.

“We are proud to be joining forces with Press Ganey’s patient-centered platform. They have an exceptional history of advancing the patient’s voice, and we are excited to become a part of that mission,” said Chris Weiss, President, Dynamic Clinical Systems. “Whether measured by respect in the industry, breadth and depth of offerings, or impact on patients and caregivers, Press Ganey is a market leader. The DCS team and I are looking forward to contributing to the innovative solutions Press Ganey is delivering for health care organizations.”

About Dynamic Clinical Systems

Hanover, N.H.-based Dynamic Clinical Systems (DCS) is the health care industry’s most comprehensive and technically advanced provider of patient-reported outcomes services and solutions. DCS offers an integrated, highly secure, Web-based patient-clinician survey system that makes self-reported patient survey data and evidence-based protocols accessible at the point of need. DCS empowers clinicians, patients and other health care stakeholders to share in patient care decision-making, improve outcomes in a cost-effective manner, and enhance research and quality initiatives. For additional information, visit www.dynamicclinical.com.