Gryphon Investors agreed to sell ECG Management Consultants Inc. to Siemens Medical Solutions USA Inc., a unit of German healthcare equipment maker Siemens Healthineers AG, for an undisclosed amount.
ECG offers management consulting services to health systems, hospitals, medical groups and academic medical centers. It was acquired by the San Francisco-based middle-market investor in November 2014.
The target company will operate as an independent unit within Siemens Healthineers upon deal closing, expected to take place in the fourth quarter, subject to regulatory approvals.
William Blair & Co. was financial adviser to ECG on the deal, while Kirkland & Ellis LLP was its legal adviser.
