Becker's Healthcare May 15, 2023
Nashville, Tenn.-based Envision Healthcare has filed for Chapter 11 bankruptcy five years after New York City-based KKR & Co. acquired Envision in a $9.8 billion deal.
Six things to know:
1. Envision has entered into a restructuring support agreement with key stakeholders supported by more than 60 percent of the company’s $7.7 billion in debt obligations. The company expects that support to continue to grow in the coming days.
2. As part of the restructuring plan, Envision Physician Services and AmSurg, which owns and operates ambulatory surgery centers, will operate as two separate businesses. AmSurg will acquire the ASCs held by Envision for $300 million plus a waiver of intercompany loans held by AmSurg.
3. All of Envision’s...
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