KKR’s Envision Healthcare Plots Complex Restructuring Plan (1)

Hospital staffing company Envision Healthcare Corp. and its subsidiary AmSurgare in talks with creditors on two separate restructuring plans ahead of a potential bankruptcy filing, according to people with knowledge of the situation.

The negotiations follow a complex series of financial maneuvers last year where KKR & Co.-backed Envision stripped existing creditors of their claim on AmSurg, a prized asset, to raise fresh cash. As part of that transaction, senior lenders led by Pacific Investment Management Co. took 83% of AmSurg, while other creditors were left with the remaining stake.

The latest talks call for the senior lender ...