Envision Healthcare HoldingsNYSE
Envision Healthcare And Amsurg: How The Combination Affects Shareholders
The Simplistic Investor
The Simplistic Investor
Thu, Dec. 1, 4:21 PM
Mon, Nov. 28, 4:25 PM
- As expected, shareholders of AMSURG (NASDAQ:AMSG) and Envision Healthcare Holdings (NYSE:EVHC) overwhelmingly back the merger announced in June. In separate meetings, 99% of the AMSG votes cast and 96% of the EVHC votes cast backed the all-stock combination. The transaction should be completed by December 1.
- Previously: AmSurg gains, Envision falls on merger news (June 15)
Wed, Jun. 15, 5:08 PM
- AmSurg (NASDAQ:AMSG) and Envision Healthcare (NYSE:EVHC) confirm a merger agreement in an all-stock deal that values the combined health services provider at ~$10B; AMSG +1.6%, EVHC -6.9% AH.
- EVHC shareholders would own ~53% of the combined company, which is to be named Envision Healthcare and led by EVHC CEO William Sanger, who will become executive chairman, and AMSG CEO Christopher Holden, who will become CEO at the new company.
- The companies see the deal resulting in $100M of synergies and expect it to be accretive to combined adjusted EPS in 2017 and double-digit accretive in 2018.
Wed, Jun. 8, 4:09 PM
- CNBC reports that AmSurg (NASDAQ:AMSG) and Envision Healthcare (NYSE:EVHC) are in talks to combine. A deal could be announced as early as next week.
- In after hours trading, AMSG is up 3% and EVHC is ahead 5%.
- Update: Supposedly, the deal is done according to market chatter on June 15. Details are scarce at the moment, though.
Tue, Mar. 15, 5:11 PM
- Envision Healthcare (EVHC -4.4%) has a definitive deal to acquire Michigan-based Emergency Physicians Medical Group.
- EVHC expects to invest $120M along with contingent consideration in the acquisition. EPMG is expected to contribute annualized net revenues of about $140M.
- EPMG operates 37 facilities across the Midwest and in Delaware, with more than 500 clinical providers managing 1M patient encounters annually.
- The deal's expected to close within 30 days.
- Envision also said its American Medical Response transport segment has three new deals with large health systems and will add basic life support services in the Washington, D.C., metro area later this month. Those deals are expected to bring $45M in annualized revenues.
Jan. 14, 2015, 8:50 AM
- The EmCare division of Envision Healthcare Holdings (NYSE:EVHC) acquires Emergency Medical Associates (EMA) of Parsippany, NJ and Scottsdale Emergency Associates, LTD (SEA) of Phoenix, AZ. The two doctor groups will add ~$300M to EmCare's revenues and almost 2M patient encounters per year.
- EMA employs 945 clinicians including 580 doctors who provide emergency department, hospitalist and urgent care services at 47 facilities in NJ, NY, RI and NC. SEA employs 40 physicians at more than 12 mid-level providers in the Phoenix area.
- The acquisitions are expected to close before the end of next month.
- 2015 Guidance: non-GAAP EBITDA: $653M - 665M; non-GAAP EPS: $1.42 - 1.50.
Jun. 10, 2014, 6:44 PM
- Envision Healthcare Holdings (EVHC +0.1%) division EmCare acquires Phoenix Physicians LLC. Phoenix provides services to 21 hospitals in six states. Its 500 affiliated clinicians provide ER, urgent care facility, adult and pediatric hospitalist, OB/GYN and high risk perinatal services in FL, NC, NJ, AR, OH and VA. Financial terms are not disclosed.