Envision Sold to KKR for $9.9 Billion

We represented Envision Healthcare Corporation (NYSE: EVHC) in its sale to KKR in an all-cash transaction for $9.9 billion, including debt. KKR paid $46 per Envision share in cash to buy the company, marking a 32 percent premium to the company’s volume-weighted average share price from November 1, when Envision announced it was considering its options. The transaction closed in October 2018.

Bass, Berry & Sims has served as primary corporate and securities counsel to Envision for more than 20 years. Additional details about the transaction can be found in the official news release posted on KKR’s website.

The transaction was also covered by various media outlets, including:

Envision Healthcare Corporation is a leading provider of physician-led services and post-acute care, and ambulatory surgery services. As of December 13, 2018, they 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 1,800 clinical departments in healthcare facilities in 45 states and the District of Columbia.

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, growth equity, energy, infrastructure, real estate and credit, with strategic manager partnerships that manage hedge funds.

You Also May Be Interested In:

  • Represented Pace Payment Systems, Inc. in its sale to i3 Verticals, Inc. for $52.7 million

    We represented Pace Payment Systems, Inc. in its sale to i3 Verticals, Inc. for $52.7 million, plus an earnout payment...
    Client Type: Private Company
  • Represented Serco Inc. in its definitive Asset Purchase Agreement to acquire Alion Science & Technology Corporation’s Naval Systems Business Unit, including its Canadian business and a small number of related contract operations, for $225 million. The acquisition, subject to regulatory approvals, is expected to close in the second half of 2019. Serco Inc., a provider of professional, technology, and management services, will strengthen its presence in naval support with this acquisition, and will become a stronger integrated maritime solutions provider for the U.S Navy and other customers.

    We represented Serco Inc. in its definitive Asset Purchase Agreement to acquire Alion Science & Technology Corporation's Naval Systems Business...
    Client Type: Private Company
  • Represented C-III Capital Partners in its sale of California-based tech company Real Capital Markets (RCM) to LightBox

    We represented C-III Capital Partners, a fully-diversified asset management and commercial real estate services company, in its sale of California-based...
    Client Type: Private Company