Pimco, King Street AmSurg Windfall Caps Ugly Envision Debt Saga

The sale of AmSurg, an ambulatory surgery company once part of KKR & Co.-backed Envision Healthcare Corp., caps an epic distressed-debt saga that will hand a windfall to investors that took ownership of the business after an ugly debt brawl.

Pacific Investment Management Co., King Street Capital Management, and Partners Group are among the AmSurg owners netting nearly $4 billion from the deal to sell the company to Ascension Health, one of the biggest nonprofit health systems in the US.

Read More: Ascension Health Expands Reach With $3.9 Billion AmSurg Deal

The deal closes ...