Envision Healthcare plans to emerge from Chapter 11 bankruptcy this month, the physician staffing company announced Wednesday.
The U.S. Bankruptcy Court for the Southern District of Texas approved a reorganization plan for Envision Healthcare that will eliminate 70% of its funded debt. The for-profit company expects to finalize the transaction within weeks, according to a news release.
Under the agreement with its creditors, Envision Physician Services will operate separately from ambulatory surgery unit Amsurg. The two operations will have separate owners and leadership teams.
