Envision Physician Services Acquires Anesthesia Group Practice Based in New London, Connecticut

   
   
06.29.2017

Dateline:

NASHVILLE, Tenn. & GREENWOOD VILLAGE, Colo.

Public Company Information:

NYSE:
EVHC

ENVISION PHYSICIAN SERVICES ACQUIRES ANESTHESIA GROUP PRACTICE BASED IN NEW LONDON, CONNECTICUT

NASHVILLE, Tenn. & GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Envision Healthcare Corporation (NYSE: EVHC) today announced that Envision Physician Services acquired Anesthesia Associates of New London, P.C., a Connecticut-based anesthesia physician group practice.

Anesthesia Associates is the exclusive provider of anesthesia services at Lawrence and Memorial Hospital in New London, as well as three ambulatory surgery centers in the area. The practice has more than 25 clinical professionals, including 10 physicians.

“As part of Envision Physician Services, we’re looking forward to bringing the infrastructure of a growing national provider group to improve our ability to participate in emerging care models and incentive-based payment systems that require far more resources than are available to many smaller provider groups,” said Sudhir Kadian, M.D., President of Anesthesia Associates of New London.

Envision Physician Services also expects to support the growth of the practice by recruiting additional physicians and certified registered nurse anesthetists to the group.

“We welcome the clinical professionals of Anesthesia Associates and the opportunity to help them deepen existing relationships and expand Envision’s presence with health systems and providers in this market,” said Robert J. Coward, President of Envision Physician Services. “By joining forces with high quality group practices like Anesthesia Associates, as well as through ongoing organic growth, we continue to build our position across the country as the trusted partner to physicians, health systems, patients and communities.”

About Envision Healthcare Corporation

Envision Healthcare Corporation is a leading provider of physician-led services and post-acute care, and ambulatory surgery services. At March 31, 2017, we delivered 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 1,600 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, the Company owns and operates 264 surgery centers and one surgical hospital in 35 states and the District of Columbia, with medical specialties ranging from gastroenterology to ophthalmology and orthopaedics. 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’s financial and operating objectives, plans and strategies, and all statements (other than statements of historical facts) that address activities, events or developments that Envision 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 Envision’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 Envision 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 and other documents that Envision files 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 Envision’s ability to realize the anticipated benefits of the merger of AmSurg Corp. and Envision Healthcare Holdings, Inc., including successful integration, synergies and ongoing business relationships; and (viii) other circumstances beyond the Company’s control.

Contact:

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