Ensemble Health Partners, a Mason, Ohio-based national revenue cycle management provider, received an investment from Golden Gate Capital.
The amount of the deal – which is subject to standard regulatory approvals – was not disclosed.
With the investment, Bon Secours Mercy Health will sell 51% of the equity, will continue as a commercial partner to Ensemble, remain a minority owner in the company and continue to serve on the board.
Founded in 2014 and led by Judson Ivy, CEO, Ensemble partners with hospitals across the United States to create value through revenue cycle outsourcing and other services aimed at improving healthcare operations. Its collaborative partnership approach uses operational and process best practices, analytics and technology to craft comprehensive solutions for its clients.
The transaction facilitates the next phase of growth for the company, which has grown to 3,600 employees serving customers in 30 states, and more than 60 full outsource partner hospitals.