Private equity firms Berkshire Partners and Warburg Pincus have agreed to buy a significant stake in the health system revenue cycle management company Ensemble Health.
Cincinnati-based Ensemble partners with nearly 300 hospitals across the U.S. to improve financial outcomes, the billing process and customer service, according to a March 28 news release from the company.
Ensemble said the transaction will allow it to invest in new technology and employees.
Cincinnati-based Bon Secours Mercy Health and private equity firm Golden Gate Capital will remain as minority shareholders, according to the news release.