NASHVILLE, Tenn. & GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--The Physician Services business of Envision Healthcare Corporation
(NYSE:EVHC) has completed the acquisition of a physician group that
provides patient care at two hospitals and eight ambulatory surgery
centers in the Tucson, AZ, area. Oro Valley Anesthesia is comprised of
16 physicians and three certified registered nurse anesthetists (CRNAs).
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“We are excited to join Envision’s Physician Services organization,
which will provide us with vital resources to enable our continued
growth in the Tucson area while maintaining our focus on patient care,”
said Sally Vetter, M.D., President of Oro Valley Anesthesia. “Practicing
as part of Envision, we expect to be well positioned to adapt to new
care models that will be based on demonstrating the quality of care that
we provide in our community.”
Envision’s Physician Services business has been expanding throughout
Arizona during the past several years through the acquisition of
anesthesia, neonatal and emergency medicine physician groups, as well as
organic growth generated from new contracts awarded by health systems
seeking to better serve the needs of health system partners and patients.
“We are successfully executing on a strategy of expanding our service
offerings within key geographies by establishing the value that our
model brings to our health system partners,” said Robert J. Coward,
President of Envision’s Physician Services. “Health systems are shifting
expectations of their physician partners to include more comprehensive
reporting on clinical and administrative measures. We believe that
health systems benefit when physicians join Envision Physician Services
and access the resources, infrastructure and expertise that we provide.”
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.
Contacts
Envision Healthcare Corporation
Bob Kneeley, 303-495-1245
Vice
President, Investor Relations