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Weeks after $9.9B sale to investors, Envision picks up new physician practice

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One week after closing on its $9.9 billion sale to a private equity firm, Nashville, Tenn.-based Envision Healthcare closed on the purchase of a radiology physician group Oct. 12, according to the Nashville Business Journal.

Envision purchased Decatur (Ill.) Radiology Physicians, according to a news release by Edgemont Capital Partners, which served as a financial partner on the transaction, obtained by the Nashville Business Journal. The terms of the deal were not disclosed.

Envision's expansion plans predate a board-initiated strategic review that took place in November 2017 that led to the organization's sale to KKR, a private equity firm in Houston. Last year, Envision purchased at least five physician organizations.

Envision Director, President and CEO Chris Holden told the Nashville Business Journal the sale to KKR will not affect Envision's long-term goals.

"[The deal] does provide a high degree of continuity for our company. … From a strategic plan perspective, and for us, it means stay the course," Mr. Holden said.

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