Berkshire Partners and Warburg Pincus have agreed to invest in Ensemble Health Partners, according to a news release.
Ensemble, based in Cincinnati, Ohio, is a provider of technology-enabled revenue cycle management solutions for health systems. Founded in 2014, the company states it has partnered with nearly 300 hospitals across the United States.
Berkshire Partners is based in Boston. Its private equity division, Berkshire Private Equity, seeks majority or minority ownership investment opportunities in healthcare and several sectors, The firm seeks to invest $100 million to $1 billion in companies with enterprise values of $200 million to $2 billion.
Warburg Pincus, based in New York, is a global private equity firm focused on growth investing. Founded in 1966, the firm takes a long-term perspective and invests in businesses at all stages of development within healthcare and several other sectors.
Bon Secours Mercy Health will continue as an Ensemble commercial partner and shareholder while Golden Gate Capital will retain a minority interest in the company.
Terms of the investment were not disclosed.