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KKR To Take Envision Healthcare Private In $10B Deal

The company had reportedly been conducting an auction for its sale after announcing a strategic review last fall.

Indian River Medical Center in Vero Beach, Fla., recently tapped Envision Healthcare to provide physician-management services.

NASHVILLE, TN–In the latest sign that private equity is hungry for health care deals, KKR will acquire Envision Healthcare in an all-cash deal valued at $9.9 billion that includes debt.

Envision Healthcare is a provider of physician services, post-acute care, and ambulatory surgery services with a network of 25,000 clinical professionals at thousands of hospitals, surgery centers across the country. It also owns 261 surgery centers and one surgical hospital, across 35 states and the District of Columbia. Last year it announced it was conducting a strategic review of its alternative options and, according to news reports,  it had been conducting an auction for its sale in recent weeks.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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