Golden Gate Capital’s Investment in Ensemble Health Partners

Guggenheim Securities served as exclusive strategic and financial advisor to Bon Secours Mercy Health and Ensemble throughout the process of securing the investment. Ropes & Gray represented Golden Gate Capital

Bon Secours Mercy Health sells 51 percent of the equity in Ensemble Health Partners to Golden Gate Capital, a leading private equity investment firm. Bon Secours Mercy Health will continue as a commercial partner to Ensemble, as well as remain a minority owner in the Company and continue to serve on the Company’s board.

Founded in 2014, Ensemble partners with hospitals across the United States to create real and lasting value through revenue cycle outsourcing and other services aimed at improving healthcare operations. The Ensemble leadership team is differentiated by its extensive experience as hospital and physician practice operators, as well as its hands-on, client-first mindset. Addressing the shift to value-based care and the changing regulatory landscape, Ensemble’s proven collaborative partnership approach uses operational and process best practices, analytics and technology to craft comprehensive solutions for its clients.

With the exponential growth Ensemble has achieved, Golden Gate Capital’s investment will ensure continued delivery of exceptional results for current and future partners through enhancements in technology, services and people. The transaction facilitates the next phase of growth for Ensemble, which has grown to 3,600 employees serving customers in 30 states, and more than 60 full outsource partner hospitals. Ensemble’s current management team and best-in-class associates, along with its culture of transparency and mission to improve the quality and affordability of healthcare, will remain central to the Company’s and Golden Gate Capital’s long-term growth strategy. Following the close of the transaction, Ensemble is expected to be conservatively leveraged to ensure continued stability.

This deal is subject to standard regulatory approvals.

The Ropes & Gray team was led by private equity partner Eric Issadore (Picture) and included finance partner Mike Lee, tax partners Benjamin Rogersand Eric Elfman, health care partner Debbie Gersh, benefits partner Adam Stella, labor & employment partner Doug Brayley, private equity associates Elizabeth Rahn Gallucci and Bryn Paslawski and health care associate Christina Bergeron.

Involved fees earner: Christina Bergeron – Ropes & Gray; Douglas Brayley – Ropes & Gray; Eric Elfman – Ropes & Gray; Deborah Gersh – Ropes & Gray; Eric Issadore – Ropes & Gray; Michael Lee – Ropes & Gray; Bryn Paslawski – Ropes & Gray; Elizabeth Rahn Gallucci – Ropes & Gray; Benjamin Rogers – Ropes & Gray; Adam Stella – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Golden Gate Capital;

Author: Ambrogio Visconti