Becker's Healthcare May 18, 2023
Nashville, Tenn.-based Envision Healthcare, a physician services company and ambulatory surgery center operator, has filed for bankruptcy almost five years after a private equity firm acquired it for $9.9 billion and took the company private.
Under the restructuring plan, all of Envision’s debt — excluding a revolving credit facility for working capital — will be equitized or cancelled, deleveraging about $5.6 billion. Envision said it will continue to operate as usual throughout the restructuring process.
Fifteen things to know:
1. In October 2018, KKR & Co., a New York City-based private equity firm, acquired Envision in an all-cash transaction for about $9.9 billion, including the assumption of debt. Envision stockholders received $46 per share of common stock in cash...
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