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.
More articles on transactions and valuations:
New York may block parts of CVS-Aetna deal
McLaren Health Care to open retail clinics, primary care centers in Walgreens stores
Loyale Healthcare, examines mergers and acquisitions in healthcare
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.
