KKR & Co.’s Envision Healthcare is exploring a chapter 11 bankruptcy that would give control of the physician-staffing company to its creditors, The Wall Street Journal reports, citing people familiar with the matter.
Envision is in negotiations with some of its lenders about a restructuring that could result in KKR, its private-equity owner, writing down its stake, these people said. The staffing company has struggled with debt, litigation and other headwinds since KKR bought it in 2018 for roughly $6 billion, excluding debt. Read more.
