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In June 2016, AmSurg Corp. and Envision Healthcare Holdings, Inc. (Envision) announced they have signed a definitive merger agreement pursuant to which the companies will combine in an all-stock transaction. Upon completion of the merger, which is expected to be tax-free to the shareholders of both organizations, the combined company will be named Envision Healthcare Corporation and co-headquartered in Nashville, Tennessee and Greenwood Village, Colorado. The company's common stock is expected to trade on the New York Stock Exchange under the ticker symbol: EVHC. Bass, Berry & Sims served as lead counsel on the transaction, led by Jim Jenkins. Read more.

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Inside the FCA blogInside the FCA blog features ongoing updates related to the False Claims Act (FCA), including insight on the latest legal decisions, regulatory developments and FCA settlements. The blog provides timely updates for corporate boards, directors, compliance managers, general counsel and other parties interested in the organizational impact and legal developments stemming from issues potentially giving rise to FCA liability.

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Community Health Systems Announces Plan to Spinoff New Public Company

Client Type: Private Company

Bass, Berry & Sims is representing Community Health Systems, Inc. (NYSE: CYH) in its plan to spinoff 38 hospitals and Quorum Health Resources, which provides hospital management and consulting services. The new company, Quorum Health Corporation (Quorum) will be headquartered in Middle Tennessee and operate independently. The businesses that comprise Quorum generated annual net revenue of approximately $2.1 billion and adjusted EBITDA of approximately $255 million in 2014. This transaction is expected to qualify as a tax-free distribution to Community Health Systems and its stockholders. The spinoff is expected to close in the first quarter of 2016. 

Quorum includes 38 hospitals in 16 states, and is primarily located in cities or counties having populations of 50,000 or less. In 84 percent of the Quorum markets, the hospitals are the only acute care facilities.

Community Healthy Systems, Inc. will remain one of the largest publicly traded U.S. hospital companies with 160 affiliated hospitals in 22 states.

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