HCA, private equity firm join forces to make bid for Envision

Written by Ayla Ellison

May 21, 2018

https://www.beckershospitalreview.com/hospital-transactions-and-valuation/hca-private-equity-firm-join-forces-to-make-bid-for-envision.html

Nashville, Tenn.-based HCA Healthcare and KKR & Co., a New York City-based private equity firm, have teamed up to make an offer for Nashville-based physician services provider Envision Healthcare, sources told Reuters.

HCA wants to take over Envision’s AmSurg ambulatory surgery division, and KKR would take over the remainder of Envision’s business, sources told Reuters.

Envision, which has a market capitalization of $5.1 billion and $4.6 billion of long-term debt, has requested potential acquirers submit final offers later this month. The company announced it was exploring several strategic alternatives in 2017.

KKR isn’t the only private equity firm interested in acquiring Envision. Sources told Reuters a consortium of Washington, D.C.-based Carlyle Group and San Francisco-based TPG Global are submitting bids for the company.