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.
More articles on healthcare industry transactions:
For-profit hospital operator M&A update: 13 latest deals involving CHS, Tenet, HCA and LifePoint
Northwestern, Centegra seek to finalize 10-hospital merger
ProMedica to acquire nursing home chain — creating $7B health network
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
