NewzNonprofit health system Bon Secours Mercy Health generated $1.1 billion in revenue this year from its remaining stake in Ensemble Health Partners, a medical billing and collections firm. The health system originally held the company as an in-house department before selling a majority interest to private equity investors seven years ago.
The transaction highlights the ongoing financial relationship between the nonprofit hospital operator and the private equity-backed billing firm. The substantial windfall underscores the significant role that divestment from administrative services plays in the current financial strategy of large nonprofit health systems.
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