Golden Gate Capital has announced it will acquire Ensemble Health Partners.
Golden Gate Capital, based in San Francisco, is a PE firm claiming more than $15 billion of capital under management. The firm invests in several vertical markets.
Under the terms of the transaction, Bon Secours Mercy will sell a 51% stake in Ensemble to Golden Gate Capital. The health system will remain a minority owner and continue as a commercial partner to Ensemble.
News reports noted that the sale would net $1.2 billion in cash for Bon Secours Mercy, which will be reinvested in the health system.