Gryphon Investors a San Francisco-based middle-market private equity firm, announced today that it has entered definitive documentation to sell its portfolio company ECG Management Consultants to Siemens Medical Solutions USA, Inc., a subsidiary of Siemens Healthineers AG. Terms of the transaction were not disclosed. The transaction is expected to close in the fourth quarter of this year, subject to customary regulatory approvals. Gryphon acquired the Company in November 2014.


One of the nation's leading consulting firms, ECG provides specialized strategic, operational, financial, and technology-related consulting services to health systems, hospitals, medical groups, and academic medical centers. During Gryphon's ownership, the Company achieved strong organic growth through several key operational initiatives and completed the strategic acquisitions of the healthcare division of Kurt Salmon US, Inc., and Eveia Health Consulting & Management. ECG will operate as a stand-alone unit within Siemens Healthineers.

Nick Orum, President and Head of Gryphon's Healthcare Group, said, "The ECG investment is a great example of Gryphon's strategy of backing talented management teams and industry executives who are building market leaders, and we have enjoyed working closely with this team as they evolved their business model, pursued organic growth, and made strategic add-on acquisitions."

Luke Schroeder, Principal in Gryphon's Healthcare group, added, "ECG is sure to thrive with its new partners as it builds on its established foundation and continues to elevate its leading brand."

William Blair & Company acted as financial advisor to ECG on the transaction. Kirkland & Ellis LLP was the legal advisor to ECG.

Sourced PR Newswire