Envision Healthcare Corp has entered into the restructuring support agreement with key stakeholders supported by more than 60% of its nearly $7.7 billion in debt obligations, according to a statement.
- Under the terms of the agreement, the AMSURG and Envision Physician Services businesses will be separately owned by some of their respective lenders
- AMSURG will purchase the surgery centers held by Envision for $300 million plus a waiver of intercompany loans held by AMSURG LLC
- All of Envision’s debt, with the exception of a revolving credit facility for working capital, will be equitized or canceled, deleveraging about $5.6 billion
- Envision ...
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