Ensemble Health Partners

General Information
Business:

Ensemble Health Partners is a leading provider of technology-enabled revenue cycle management (RCM or medical billing) solutions for health systems, including hospitals and affiliated physician groups. We built our RCM platform to deliver significant and sustainable financial performance improvement for our clients, enhance the patient experience, and better enable providers to focus on clinical care. With over $20 billion in annual Client NPR (net patient revenue) under management, we are well positioned to capitalize on the large and growing RCM market.

RCM is the mission-critical set of processes by which healthcare providers are paid. RCM encompasses the entire lifecycle of a medical claim, from patient intake through revenue collection, helping healthcare providers identify, manage, and collect revenue from patients, insurance companies and other payors. Today, effective RCM is particularly critical as health systems are under enormous operational and financial pressure as a result of increasing reimbursement complexity, rate pressure, rising costs, and fragmented revenue cycle technologies and services. 

(Note: Ensemble Health Partners postponed its IPO “due to market conditions” on Oct. 27, 2021, hours ahead of when the IPO was scheduled for pricing.) 

Industry: MANAGEMENT SERVICES
Employees: 6493
Founded: 2021
Contact Information
Address 11511 Reed Hartman Highway, Cincinnati, Ohio 45241, US
Phone Number (704) 765-3715
Web Address http://www.ensemblehp.com
View Prospectus: Ensemble Health Partners
Financial Information
Market Cap $3624.0mil
Revenues $601.0 mil (last 12 months)
Net Income $-9.06 mil (last 12 months)
IPO Profile
Symbol ENSB
Exchange NYSE
Shares (millions): 29.5
Price range $19.00 - $22.00
Est. $ Volume $604.8 mil
Manager / Joint Managers Goldman Sachs/ BofA Securities/ Deutsche Bank Securities/ Guggenheim Securities/ Credit Suisse/ Evercore ISI/ Wells Fargo Securities/ SVB Leerink
CO-Managers Baird/ William Blair/ Academy Securities/ Loop Capital Markets
Expected To Trade: 10/28/2021
Status: Postponed
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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