Becker's Healthcare May 24, 2023
Nashville, Tenn.-based Envision Healthcare, an ASC operator and physician services company, has filed Chapter 11 bankruptcy and recently announced it will lay off 329 employees.
The organization is said to have high labor costs and $7 billion in debt, and it missed a March 31 quarterly reporting deadline and skipped an April interest payment.
In light of this, Envision reached a restructuring agreement with its stakeholders, including AmSurg, which plans to buy all of Envision’s ASCs for $300 million plus a waiver of loans.
Below is a timeline of events leading up to and following Envision’s bankruptcy filing from the past year:
May 2022:
- Envision intends to continue operations, but the company plans to layoff...
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