Categorized | Colorado News, National News, News

Envision Healthcare To Go Private

On June 11, Envision Healthcare announced that it had signed a definitive merger agreement with private equity firm KKR & Co.  The agreement terms stipulate that KKR will acquire all of the outstanding shares of Envision’s common stock for cash and take the publicly traded company private with the sale. The deal is valued at $9.9 billion, $5.57 billion cash and $4.33 billion in debt assumption.  It is anticipated that the acquisition will close in the fourth quarter.

KKR has already invested significantly in the health care sector.  It acquired  Envision’s AMR late last year for $2.4 billion.  AMR was the largest provider of ambulance service in the country at the time of sale.  Greenwood Village-based Envision Healthcare merged with Nashville-based AmSurg on Dec. 1, 2016.   The new Envision Healthcare Corp. is headquartered in both Greenwood Village and Nashville.   KKR also took WebMD Health private in 2017 for about $2.8 billion.

Read more in the Nashville Business Journal.

Read more at Bloomberg.

Read more at Reuters.

 

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