Envision filed for bankruptcy in May, and has since split from its ambulatory surgery center business, AmSurg. Envision also executed a reorganization plan, supported by creditors and the bankruptcy court in October. The move cut Envision’s debt by more than 70%.
“Now that our financial restructuring has been completed successfully, we are driving Envision’s future growth from a position of stability and strength,” said Jim Rechtin, CEO of Envision, in the release. “We have significantly less debt as well as a strong operating model that will fuel the success of our patients and partners, achieve our strategic objectives, and accelerate growth.”
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.