The exchange transactions represent a de-leveraging of Envision’s existing debt and reduction of its interest expense obligations, which will better enable the Company to continue its operations in the fight against COVID-19, as well as to protect its long-term ability to care for patients and communities once the crisis has passed.
Since the start of the COVID-19 pandemic, Envision has been answering the nation’s call for patient care, engaging with hospital partners across the country to help address the urgent need for emergency care in a number of highly impacted areas. Envision’s quick actions have included deploying clinicians to hard-hit areas, including New York area hospitals, reassigning clinicians with crucial skills within and across hospitals and health systems to better match current needs, providing backup to emergency departments and intensive care units, accelerating the deployment of a virtual health platform to sites across the United States, introducing support measures for quarantined clinicians and those whose ability to work has been impacted, and supplying necessary personal protective equipment to areas of greatest need among its providers and hospitals. Envision takes pride in its role on the front lines of the COVID-19 pandemic and is committed to helping patients and communities emerge on the other side of the unprecedented crisis.
About Envision Healthcare Corporation
Envision Healthcare Corporation is a leading provider of physician-led services and post-acute care and ambulatory surgery services. Envision delivers physician services, primarily in the areas of emergency department and hospitalist services, anesthesiology services, radiology/tele-radiology services, and children’s services to more than 1,800 clinical departments in healthcare facilities in 45 states and the District of Columbia. Post-acute care is delivered through an array of clinical professionals and integrated technologies which, when combined, contribute to efficient and effective population health management strategies. As a market leader in ambulatory surgical care, Envision owns and operates 257 surgery centers and one surgical hospital in 35 states and the District of Columbia, with medical specialties ranging from gastroenterology to ophthalmology and orthopedics. In total, Envision offers a differentiated suite of clinical solutions on a national scale, creating value for health systems, payers, providers and patients. For additional information, visit www.envisionhealth.com.