Siemens Healthineers has purchased ECG Management Consultants from private equity firm Gryphon Investors.
ECG offers operational, financial, and technology consulting services to academic medical centers, health systems, and medical groups. The firm, which has been owned by Gryphon Investors since November 2014, said it will operate as a standalone unit within Siemens Healthineers after the sale.
Terms of the transaction were not disclosed. The acquisition is scheduled to close in the fourth quarter of this year, pending regulatory approval.
