Formerly | Emergency Medical Services Corporation |
---|---|
Company type | Subsidiary |
NYSE: EVHC | |
Industry | Healthcare |
Headquarters | Nashville, Tennessee |
Key people |
Jay F. Grinney (chairman) [1] |
Revenue | $14.7 billion (2017) [2] |
Number of employees | 57,750 (2017) [3] |
Parent | Kohlberg Kravis Roberts |
Website |
evhc |
Envision Healthcare is a United States healthcare company and national hospital-based physician group.
In December 2016, Envison and AMSURG merged, and shortly thereafter the company's stock replaced Legg Mason in the S&P 500 index. [4]
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. [5] [6] [7] In August 2017, Envision sold its ambulance unit, American Medical Response, for $2.4 billion to KKR, which it subsequently merged with a similar company it had already owned. [8] In 2017, the company reported a net loss of $232.5 million on revenue of $7.8 billion. [9]
In June 2018, KKR announced that it was acquiring the rest of Envision for $9.9 billion, including the assumption or repayment of debt. [9]
In February 2020, Envision appointed James Rechtin as CEO. [10] In April 2020, they were considering bankruptcy. [11] In October 2020, it was announced that Cigna and Envision had renewed their agreement to include Envision's clinicians as in-network providers to Cigna's members. [12]
In September 2022, Moody's warned that Envision Healthcare could be at risk of bankruptcy. [13]
On May 15, 2023, Envision Healthcare filed for Chapter 11 bankruptcy. [14]