Envision Healthcare is an American healthcare company and national hospital-based physician group.

History

In December 2016, Envison and AMSURG merged, and shortly thereafter the company's stock replaced

Legg Mason Legg Mason was an American investment management and asset management firm headquartered in Baltimore, founded in 1899 and acquired by Franklin Templeton Investments as of July 2020. As of December 31, 2019, the company had $730.8 billion in as ...

in the

S&P 500 index The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. As of D ...

. In 2017, the company's subsidiary EmCare, came under scrutiny due to healthcare consumers being shocked by high medical bills from Envision's out-of-network healthcare providers. In August 2017, Envision sold its ambulance unit, American Medical Response, for $2.4 billion to

KKR KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strateg ...

, which combined it with a similar company it already owned. In 2017, the company reported a net loss of $232.5 million on revenue of $7.8 billion. In June 2018,

announced that it was acquiring the rest of Envision for $9.9 billion, including the assumption or repayment of debt. In February 2020, Envision Healthcare appointed James Rechtin as CEO. In April 2020, they were considering bankruptcy. In October 2020, it was announced that

Cigna Cigna is an American multinational managed healthcare and insurance company based in Bloomfield, Connecticut. Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and se ...

and Envision had renewed their agreement to include Envision's clinicians as in-network providers to Cigna's members. In September 2022,

Moody's Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides internationa ...

warned that Envision Healthcare could be at risk of bankruptcy.

References

External links

* {{authority control Companies based in Nashville, Tennessee Companies formerly listed on the New York Stock Exchange Health care companies based in Tennessee Medical outsourcing companies of the United States 2018 mergers and acquisitions Kohlberg Kravis Roberts companies