Envision Healthcare $177.5 Million Investor Deal Gets Final Nod

Envision Healthcare Corp.‘s $177.5 million settlement with investors over its billing practices merits final approval, a federal court said in bringing an end to a long-running securities fraud suit.

An attorneys’ fee request for 30% of the settlement fund—$53.25 million—is fair and reasonable, Judge William L. Campbell Jr. said Thursday for the US District Court for the Middle District of Tennessee.

The litigation against the health-care staffing company and numerous individual defendants lasted more than six years and involved extensive discovery, according to a Feb. 15 brief seeking approval for the deal. Envision filed for bankruptcy in May 2023. ...