Envision Healthcare, a leading medical group, announced it has successfully completed and emerged from its restructuring process with a markedly strengthened capital structure to support its growth as a leading medical group. Envision’s now effective Plan of Reorganization, supported by its key creditor groups and confirmed by the Bankruptcy Court on October 11, 2023, has reduced the company’s debt by more than 70%. In connection with emergence, Envision Healthcare and AMSURG separated into two stand-alone entities with separate leadership teams and owner groups. Both companies, supported by new equity owners, are well positioned for long-term success.
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Source: https://www.businesswire.com/news/home/20231103919527/en/Envision-Healthcare-Successfully-Emerges-from-Financial-Restructuring-Process