Envision Healthcare and AMSURG Complete Transformational Merger
December 01 2016 - 4:05PM
Business Wire
Merger Creates a Nationwide Healthcare
Organization with Platforms in Physician-Led Services, Ambulatory
Surgical Care, Post-Acute Care and Medical Transportation
Envision Healthcare Holdings, Inc. (“Envision”) and AMSURG Corp.
(“AMSURG”) today announced the completion of their merger,
originally announced on June 15, 2016. The new combined company,
Envision Healthcare Corporation (NYSE: EVHC), brings together two
leading, complementary healthcare companies to form one of the
nation’s largest provider organizations and is well-positioned to
help shape the future of healthcare delivery. The new Envision will
offer a compelling suite of solutions geared toward creating high
performing clinical networks, including physician-led services,
ambulatory surgery centers, post-acute care and medical
transportation.
Envision Healthcare Corporation is co-headquartered in
Nashville, Tennessee, and Greenwood Village, Colorado. The
company’s common stock will begin trading on the New York Stock
Exchange tomorrow, December 2, 2016, under the ticker symbol EVHC
and will become part of the S&P 500 stock index.
William A. Sanger, Executive Chairman of Envision Healthcare
Corporation, said “Our two organizations complement each other in a
way few others could, and this merger accelerates our collective
ability to positively impact healthcare delivery across the
country. We are excited for the future and look forward to
integrating the resources of Envision and AMSURG.”
Christopher A. Holden, President and Chief Executive Officer,
added, “Envision Healthcare Corporation now has a national platform
with a highly differentiated suite of solutions that will
significantly increase our ability to empower physicians and serve
clients. The marketplace remains highly fragmented, providing ample
opportunities for us to expand our existing relationships with
health systems and to present our performance-enhancing offerings
to other key stakeholders in clinical networks across the
country.”
About Envision Healthcare Corporation
Envision Healthcare Corporation is a leading provider of
physician-led services, ambulatory surgery center management,
post-acute care and medical transportation. Physician-led services
encompass providers at 780 hospitals in 45 states and include
leadership positions in emergency department and hospitalist
services, anesthesiology, radiology, and women’s / children’s
services, as well as offerings in general surgery and office-based
medicine. As a market leader in ambulatory surgical care, the
company owns and operates 260 surgery centers and one surgical
hospital in 35 states and the District of Columbia, with medical
specialties ranging from gastroenterology to ophthalmology and
orthopedics. Post-acute care is delivered through an array of
clinical professionals and integrated technologies designed to
contribute to efficient and effective population health management
strategies. As a leader in healthcare transportation services, the
company operates in 39 states and the District of Columbia. In
total, the company offers a differentiated suite of clinical
solutions on a national scale, creating value for health systems,
payors, providers and patients. For additional information, visit
www.evhc.net
Forward-Looking Statements
Certain statements and information in this communication may be
deemed to be “forward-looking statements” within the meaning of the
Federal Private Securities Litigation Reform Act of 1995.
Forward-looking statements may include, but are not limited to,
statements relating to Envision Healthcare Corporation’s (the
“Company”) objectives, plans and strategies, and all statements
(other than statements of historical facts) that address
activities, events or developments that the Company intends,
expects, projects, believes or anticipates will or may occur in the
future. These statements are often characterized by terminology
such as “believe,” “hope,” “may,” “anticipate,” “should,” “intend,”
“plan,” “will,” “expect,” “estimate,” “project,” “positioned,”
“strategy” and similar expressions, and are based on assumptions
and assessments made by the Company’s management in light of their
experience and their perception of historical trends, current
conditions, expected future developments, and other factors they
believe to be appropriate. Any forward-looking statements in this
communication are made as of the date hereof, and the Company
undertakes no duty to update or revise any such statements, whether
as a result of new information, future events or otherwise.
Forward-looking statements are not guarantees of future
performance. Whether actual results will conform to expectations
and predictions is subject to known and unknown risks and
uncertainties, including: (i) risks and uncertainties discussed in
the reports that each of the Company, Envision and AMSURG have
filed with the Securities and Exchange Commission; (ii) general
economic, market, or business conditions; (iii) the impact of
legislative or regulatory changes, such as changes to the Patient
Protection and Affordable Care Act, as amended by the Health Care
and Education Reconciliation Act of 2010; (iv) changes in
governmental reimbursement programs; (v) decreases in revenue and
profit margin under fee-for-service contracts due to changes in
volume, payor mix and reimbursement rates; (vi) the loss of
existing contracts; (vii) risks associated with the ability to
successfully integrate the Company’s operations and employees
following the merger; (viii) the ability to realize anticipated
benefits and synergies of the business combination; and (ix) the
potential impact of the consummation of the transaction on the
Company’s relationships, including with employees, customers and
competitors; and (x) other circumstances beyond the Company’s
control. Refer to the section entitled “Risk Factors” in each of
Envision’s and AMSURG’s annual and quarterly reports filed in 2016
for a discussion of important factors that could cause actual
results, developments and business decisions to differ materially
from forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20161201006411/en/
Envision Healthcare CorporationBob Kneeley,
303-495-1245Vice President, Investor
RelationsBob.kneeley@evhc.net
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