Bankrupt Envision Healthcare gets OK to split in two, cut $7 billion debt

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Matt Dusk sings Sinatra in Halifax/PEI/Moncton | SaltWireNEW YORK - Envision Healthcare, which is backed by private equity firm KKR & Co and provides outsourced emergency department services to hospitals, on Wednesday received U.S. bankruptcy court approval to split into two companies and cut over $7 billion in debt.

"At the end of the day, this is going to remain a viable business, and those people have not been forgotten," Lopez said. EVPS will focus on providing doctors to hospital emergency rooms, intensive care units and birthing suites, while AMSURG will operate outpatient surgery centers specializing in gastroenterology, ophthalmology and orthopedic care.

 

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