Nashville-based Envision Healthcare is now split into two successor companies, as nearly six months of bankruptcy proceedings come to a close.
Envision Healthcare, which focuses on physician staffing for emergency rooms, and AmSurg, a group of ambulatory surgery centers, will each operate independently. Envision filed for bankruptcy in a Houston court in May with $7.76 billion in debt. The restructuring plan has reduced the company’s debt by more than 70 percent, according to a press release.
kA 5:ClQ=ECQmp>$FC8 kDEC@?8mk2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^2>DFC8\6?G:D:@?\D62=\c\d3\562=^2CE:4=606hgd_36d\dd7h\dada\34a4\bch`dfha`2f5]9E>=Qm>6C865 H:E9 t?G:D:@?k^2mk^DEC@?8m :? 2 >F=E:3:==:@?\5@==2C 562= :? a_`e] %96 4@>3:?65 4@>A2?J H2D 3@F89E 7@C S`_ 3:==:@? 2?5 E2<6? AC:G2E6 3J zz# :? a_`g] !@DE\32?<CFAE4J[ E96 EH@ 4@>A2?:6D H:== ?@ =@?86C 36 AC:G2E6 6BF:EJ\@H?65[ 3FE 56E2:=D @? E96 @H?6CD9:A DECF4EFC6 92G6 J6E E@ 36 2??@F?465] {6?56CD :?4=F5:?8 2DD6E >2?286CD q=24<DE@?6 2?5 qC:8256 r2A:E2= H:== 36 2>@?8 p>$FC8VD ?6H @H?6CD[ 244@C5:?8 E@ 4@FCE 7:=:?8D]k^Am
kA 5:ClQ=ECQmt?G:D:@? 3=2>65 2 D6C:6D @7 6G6?ED 7@C E96 32?<CFAE4J[ :?4=F5:?8 2 564=:?6 :? A2E:6?E G@=F>6D 5FC:?8 E96 62C=J >@?E9D @7 E96 r~'xs\`h A2?56>:4[ 5:DAFE6D H:E9 :?DFC6CD 2?5 2 “?2E:@?2= 4=:?:4:2? D9@CE286 2?5 C:D:?8 :?7=2E:@?]” k^Am
kA 5:ClQ=ECQmx? yF=J[ 4C65:E@CD kDEC@?8mk2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^962=E9042C6^4@FCE\E@\56E6C>:?6\?6IE\DE6AD\:?\6?G:D:@?\32?<CFAE4J\AC@46DD^2CE:4=606bcg_4gc\a75g\``66\h`ae\d3f47_6g65b5]9E>=Q E2C86ElQ03=2?<QmC2:D65 4@?46C?Dk^2mk^DEC@?8m 23@FE C6DECF4EFC:?8 A=2?D[ 42==:?8 E96> CFD965 2?5 F?72:C :? E96 AC@A@D65 D6EE=6>6?E A2J>6?E AC@46DD] x? ~4E@36C[ t?G:D:@? rt~ y:> #649E:? 2??@F?465 96 A=2?D E@ =62G6 E96 4@>A2?J 62C=J ?6IE J62C E@ E2<6 E96 96=> 2E 962=E9 :?DFC2?46 4@>A2?J wF>2?2] w6 92D =65 E96 4@>A2?J D:?46 a_a_] k^Am
kA 5:ClQ=ECQm“t?G:D:@? 4@?E:?F6D E@ 56=:G6C 9:89\A6C7@C>:?8 D6CG:46D 7@C @FC A2E:6?ED[ 9@DA:E2= A2CE?6CD 2?5 E96 4@>>F?:E:6D H6 D6CG6[” #649E:? D2:5 :? 2 uC:52J AC6DD C6=62D6] “}@H E92E @FC 7:?2?4:2= C6DECF4EFC:?8 92D 366? 4@>A=6E65 DF446DD7F==J[ H6 2C6 5C:G:?8 t?G:D:@?’D 7FEFC6 8C@HE9 7C@> 2 A@D:E:@? @7 DE23:=:EJ 2?5 DEC6?8E9] (6 92G6 D:8?:7:42?E=J =6DD 563E 2D H6== 2D 2 DEC@?8 @A6C2E:?8 >@56= E92E H:== 7F6= E96 DF446DD @7 @FC A2E:6?ED 2?5 A2CE?6CD[ 249:6G6 @FC DEC2E68:4 @3;64E:G6D[ 2?5 2446=6C2E6 @FC 8C@HE9]”k^Am
kA 5:ClQ=ECQmt?G:D:@? 42? 3=2>6 >2?286>6?E EFC?@G6C[ E96 A2?56>:4[ E96 5:DCFAE:@? @7 E96 }@ $FCAC:D6D p4E :? E96 =23@C >2C<6E 2?5 2? kDEC@?8mk2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^962=E9042C6^=@42=\>65:42=\8C@FA\2H2C565\h`\a>\:?\F?:E65962=E942C6\5:DAFE6^2CE:4=607a`735dg\6ha4\``65\g4h5\_f3gd`d_b2a5]9E>=Q E2C86ElQ03=2?<Qm@?8@:?8 5:DAFE6 H:E9 &?:E65w62=E9k^2mk^DEC@?8m 7@C :ED 32?<CFAE4J[ t>:=J tG2?D[ 962=E9 A@=:4J 2?2=JDE H:E9 w6586J6[ kDEC@?8mk2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^962=E9042C6^D:I\E2<62H2JD\7C@>\E96\6?G:D:@?\32?<CFAE4J^2CE:4=60ae_bhc`2\7d24\``65\3edb\4f2fa5b_f4`2]9E>=Q E2C86ElQ03=2?<QmE@=5 E96 k6>m!@DEk^6>m :? |2Jk^2mk^DEC@?8m] k^Am
kA 5:ClQ=ECQmp44@C5:?8 E@ 4@FCE 5@4F>6?ED[ p>$FC8 ?@H 92D S`]gfd 3:==:@? :? 563E 2?5 2C@F?5 S`]efd 3:==:@? :? 6BF:EJ G2=F6] t?G:D:@? !9JD:4:2? $6CG:46D 6>6C86D H:E9 Sad_ >:==:@? :? 563E 2?5 2AAC@I:>2E6=J Sdd_ >:==:@? :? 6BF:EJ G2=F6] k^Am
kA 5:ClQ=ECQmt?G:D:@? !9JD:4:2? $6CG:46D :D ?@E @FE @7 E96 H@@5D J6E[ 9@H6G6C] tG2?D E@=5 E96 !@DE @? |@?52J E92E E96 }@ $FCAC:D6D p4E 92D <:4<65 E96 =68D @FE 7C@> F?56C @A6C2E:@?D =:<6 t?G:D:@? !9JD:4:2? $6CG:46D 2?5 :ED A66CD :?4=F5:?8 qC6?EH@@5\32D65 kDEC@?8mk2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^962=E9042C6^2>6C:42?\A9JD:4:2?D\A2CE?6CD\E@\4=@D6^2CE:4=60a6g53c5_\aeb_\``66\hhf3\h35fc272b`eb]9E>=Q E2C86ElQ03=2?<Qmp>6C:42? !9JD:4:2? !2CE?6CDk^2mk^DEC@?8m[ H9:49 462D65 @A6C2E:@?D E9:D J62C] k^Am
kA 5:ClQ=ECQm%96 }@ $FCAC:D6D p4E 9@=5D A2E:6?ED 92C>=6DD 7C@> DFCAC:D6 @FE\@7\?6EH@C< 3:==D[ H9:49 @7E6? 42>6 7C@> DE277:?8 286?4:6D =:<6 t?G:D:@? !9JD:4:2? $6CG:46D[ 2D E96 5@4E@CD 2C6 :?56A6?56?E 4@?EC24E@CD ?@E 6>A=@J65 3J E96 ?6EH@C<] u@==@H:?8 E9:D a_a_ =2H[ :?DFC2?46 4@>A2?:6D 2?5 DE277:?8 286?4:6D 2C6 =67E E@ ?68@E:2E6[ 2D :D 6G:56?465 :? E96 &?:E65w62=E9 2?5 t?G:D:@? 76F5[ tG2?D D2:5] k^Am
kA 5:ClQ=ECQm“t:E96C E96 :?DFC2?46 4@>A2?:6D 2C6 8@:?8 E@ 92G6 E@ 28C66 E@ 9:896C C2E6D 7@C 6>6C86?4J C@@> 5@4E@CD @C 6>6C86?4J C@@> 5@4E@CD 2C6 8@:?8 E@ 92G6 E@ 2446AE =@H6C A2J>6?E[” tG2?D D2:5] “(:== E96 DE277:?8 286?4:6D 2446AE =@H6C AC:46Dn }@E =:<6=J] %96 >@DE =:<6=J @FE4@>6 :? E96 ?62C E6C> :D F?56CDE27765 6>6C86?4J C@@>D]” k^Am
kA 5:ClQ=ECQm~? E96 @E96C 92?5[ tG2?D AC65:4ED 2 3C:89E 7FEFC6 7@C p>$FC8]k^Am
kA 5:ClQ=ECQm“xE’D 2 G2=F23=6 2DD6E[” D96 D2:5] “$@ >F49 42C6 >@G65 :?E@ 2>3F=2E@CJ DFC86CJ D6EE:?8D 2?5 FC86?E 42C6 D6EE:?8D 5FC:?8 r~'xs]” k^Am
kA 5:ClQ=ECQmp>$FC8 2??@F?465 2 “?6H 492AE6C” 7@C E96 4@>A2?J @? uC:52J] %96 4@>A2?J D2:5 E92E 4FCC6?E p>$FC8 !C6D:56?E y677 $?@58C2DD H:== ?@H D6CG6 2D AC6D:56?E 2?5 rt~] w6 92D 366? H:E9 E96 4@>A2?J D:?46 a_a_] k^Am
kA 5:ClQ=ECQmQ%@52J 368:?D 2? 6I4:E:?8 ?6H 6C2 7@C @FC @C82?:K2E:@?[Q D2:5 $?@58C2DD] Qp>$FC8 :D 2E 2 4C:E:42= A@:?E :? @FC 9:DE@CJ H:E9 2 3C:89E A2E9 29625 @7 FD 7@C 8C@HE9 2?5 :??@G2E:@? :? E96 2>3F=2E@CJ DFC86CJ DA246] (6 2C6 =@@<:?8 7@CH2C5 E@ 6IA2?5:?8 @FC 7@@EAC:?E[ :?G6DE:?8 :? @FC :?7C2DECF4EFC6 2?5 @FC E62>D[ 2?5 6?92?4:?8 G2=F6 7@C @FC 46?E6CD 2?5 A2E:6?ED]Qk^Am

