Envision Healthcare Corp, a U.S. provider of physicians and other medical staff owned by buyout firm KKR & Co Inc (KKR.N), has hired a financial adviser to explore ways to restructure its $7.5 billion debt pile, people familiar with the matter said. Envision’s move underscores the struggles facing the medical industry in the wake of the novel coronavirus outbreak. The Nashville, Tennessee-based company’s doctors are needed more than ever as the number of COVID-19 cases soars. Yet its revenue has collapsed as patients who have not contracted the virus are avoiding elective procedures and are staying clear of emergency rooms for fear of being infected.
Read the full article: KKR’s Envision Healthcare Hires Bank to Explore Debt Restructuring – Sources //
Source: https://www.reuters.com/article/us-envisionhealthcare-debtrestructuring/exclusive-kkrs-envision-healthcare-hires-bank-to-explore-debt-restructuring-sources-idUSKCN21S114