Envision Healthcare, which has filed for Chapter 11, said it and certain wholly owned subsidiaries have filed voluntary petitions for reorganization. Envision has entered into a Restructuring Support Agreement (RSA) with key stakeholders supported by more than 60 percent of the company’s approximately $7.7 billion in debt obligations and said it expects that support will continue to grow in the coming days.
The terms of the RSA establish the framework for a consensual and comprehensive restructuring that will position Envision and AMSURG for future growth as two separate businesses. Envision will continue to operate as usual throughout the restructuring process.
Envision Physician Services and its AMSURG unit partners with physicians to operate more than 250 ambulatory surgery centers nationwide specializing in gastroenterology, ophthalmology and orthopedic care. Together, the two teams of more than 21,000 clinicians engage in nearly 30 million patient encounters a year. Read more.
