Envision Physician Services Acquires Northside Emergency Associates Physician Group

   
   
07.05.2017

Dateline:

NASHVILLE, Tenn. & GREENWOOD VILLAGE, Colo.

Public Company Information:

NYSE:
EVHC

ENVISION PHYSICIAN SERVICES ACQUIRES NORTHSIDE EMERGENCY ASSOCIATES PHYSICIAN GROUP

NASHVILLE, Tenn. & GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Envision Healthcare Corporation (NYSE: EVHC) today announced that Envision Physician Services acquired Northside Emergency Associates, P.C. (NEA), an emergency medicine physician group practice based in the Atlanta metropolitan area that provides care at Northside Hospital Healthcare System’s three hospitals.

NEA has provided emergency medicine services at Northside’s Atlanta hospital since the physician group was founded in 1973. NEA has expanded with the Northside system, and the group also provides services at Northside’s Forsyth and Cherokee hospitals. NEA has 68 clinical providers, including 40 physicians, who manage more than 170,000 annual emergency department patient encounters.

“Our group has a long and successful track record of growing with our health system partner by providing excellent patient care in our growing communities,” said Larry Brannam, M.D., President of Northside Emergency Associates. “We are encouraged to be joining Envision Physician Services at this time and providing patient care as part of a larger, more comprehensive organization that can more effectively respond to emerging reimbursement models.”

Envision Physician Services continues to focus its acquisition activities around the strategic development of services in key geographies and partnering with leading health systems. Envision recently acquired Gwinnett Emergency Specialists, which provides emergency medicine services at two North Georgia hospitals operated by Gwinnett Medical Center. With the acquisition of Northside Emergency Associates, Envision now provides both emergency medicine and anesthesia physician services across Northside’s three hospitals.

“We are successfully delivering on a vision to be the trusted partner to physicians and health systems in communities across the country,” said Robert J. Coward, President of Envision Physician Services. “Physicians are under increasing pressures to invest in systems to meet quality measures and to support health system quality reporting requirements. We are well positioned to provide these, and other key infrastructure resources, to facility-based physicians who are then able to focus on patient care.”

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