Envision Healthcare Approved to Slash Debt, Exit Bankruptcy

Medical staffing firm Envision Healthcare Corp. won court permission to reduce its debt by 70% and to exit bankruptcy oversight, the company said.

• Under the company’s reorganization plan, which was approved by a judge in Texas on Wednesday, Envision and its ambulance surgery business — AmSurg — will become two separate companies with different owners, according to a statement
• Envision, which was backed by KKR, filed bankruptcy in May after negotiating a plan to reduce debt and reorganize
• In 2018, investors financed a $9.9 billion buyout of Envision by KKR & Co., making it one of the country’s largest private ...