Envision Healthcare Acquires Sunshine Radiology in Tampa Bay

   
   

Strengthens Broad Continuum of Services in the Region

01.04.2017

Dateline:

NASHVILLE, Tenn. & GREENWOOD VILLAGE, Colo.

Public Company Information:

NYSE:
EVHC
"We continue to execute on a growth strategy that includes teaming with highly regarded physician groups that have established strong partnerships with health systems in their communities"

NASHVILLE, Tenn. & GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--The Physician Services business of Envision Healthcare Corporation (NYSE: EVHC) has completed the acquisition of a hospital-based radiology physician group practice that provides diagnostic and interventional services to patients in Central and West Florida communities.

Sunshine Radiology, LLC, is the exclusive provider of radiology services to Adventist Health System’s Florida Hospital West Region, which includes nine hospitals in the Tampa Bay area as well as the Sebring community. The group also provides services at an outpatient imaging center. Sunshine Radiology employs 35 board-certified physicians.

“Our group is excited about joining one of the nation's top hospital-based radiology providers, bringing enhanced strength for growth and excellence in service to our health system partner and its highly regarded facilities,” said David Rippe, M.D., a founding partner of Sunshine Radiology. “The vision of clinical excellence and service to hospitals and patients that is shared by Envision Physician Services and Sunshine Radiology is the foundation of our union, and we are excited about realizing this vision while practicing as part of Envision.”

With the addition of Sunshine Radiology, Envision now provides radiology physician services to approximately 80 healthcare facilities, including more than 55 hospitals, across the state of Florida.

“We continue to execute on a growth strategy that includes teaming with highly regarded physician groups that have established strong partnerships with health systems in their communities,” said Robert J. Coward, President of Envision’s Physician Services. “It is our expectation that by combining our comprehensive resources, infrastructure and expertise with the patient-care focus of our clinical professionals, we are strengthening our ability to become a trusted partner to health systems as they work to provide their patients high quality, safe and cost-effective healthcare.”

About Envision Healthcare Corporation

Envision Healthcare Corporation is a leading provider of physician-led services, ambulatory surgery center management, post-acute care and medical transportation. Physician-led services encompass providers at more than 780 hospitals in 45 states and include leadership positions in emergency department and hospitalist services, anesthesiology, radiology, and women’s and children’s services, as well as offerings in general surgery and office-based medicine. As a market leader in ambulatory surgical care, the company owns and operates 260 surgery centers and one surgical hospital in 35 states and the District of Columbia, with medical specialties ranging from gastroenterology to ophthalmology and orthopedics. Post-acute care is delivered through an array of clinical professionals and integrated technologies designed to contribute to efficient and effective population health management strategies. As a leader in healthcare transportation services, the company operates in 39 states and the District of Columbia. In total, the company offers a differentiated suite of clinical solutions on a national scale, creating value for health systems, payors, providers and patients. For additional information, visit www.evhc.net.

Forward-Looking Statements

Certain statements and information in this communication may be deemed to be “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements relating to Envision Healthcare Corporation’s (the “Company”) objectives, plans and strategies, and all statements (other than statements of historical facts) that address activities, events or developments that the Company intends, expects, projects, believes or anticipates will or may occur in the future. These statements are often characterized by terminology such as “believe,” “hope,” “may,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” “project,” “positioned,” “strategy” and similar expressions, and are based on assumptions and assessments made by the Company’s management in light of their experience and their perception of historical trends, current conditions, expected future developments, and other factors they believe to be appropriate. Any forward-looking statements in this communication are made as of the date hereof, and the Company undertakes no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Forward-looking statements are not guarantees of future performance. Whether actual results will conform to expectations and predictions is subject to known and unknown risks and uncertainties, including: (i) risks and uncertainties discussed in the reports that each of the Company, legacy Envision Healthcare Holdings, Inc. (“Envision”) and legacy AMSURG Corp. (“AMSURG”) have filed with the Securities and Exchange Commission; (ii) general economic, market, or business conditions; (iii) the impact of legislative or regulatory changes, such as changes to the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act of 2010; (iv) changes in governmental reimbursement programs; (v) decreases in revenue and profit margin under fee-for-service contracts due to changes in volume, payor mix and reimbursement rates; (vi) the loss of existing contracts; (vii) risks associated with the ability to successfully integrate the Company’s operations and employees following the merger; (viii) the ability to realize anticipated benefits and synergies of the business combination; (ix) the potential impact of the consummation of the transaction on the Company’s relationships, including with employees, customers and competitors; and (x) other circumstances beyond the Company’s control. Refer to the section entitled “Risk Factors” in each of Envision’s and AMSURG’s annual and quarterly reports filed in 2016 for a discussion of important factors that could cause actual results, developments and business decisions to differ materially from forward-looking statements.

Contact:

Envision Healthcare Corporation
Bob Kneeley, 303-495-1245
Vice President, Investor Relations
bob.kneeley@evhc.net