NASHVILLE, Tenn. & GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Envision Healthcare Corporation (NYSE:EVHC) today announced that Envision Physician Services has expanded its national presence with the acquisition of Infinity Healthcare, Inc., a multi-specialty physician group practice with more than 340 physicians and midlevel providers who deliver emergency and hospitalist medicine, anesthesia and radiology services to patients in Wisconsin and Illinois.
Infinity providers staff 25 emergency medicine sites, 10 urgent care centers, six anesthesia, two radiology and two hospitalist medicine programs for health systems, including Ascension Health, Hospital Sisters Health System and other systems.
“Infinity’s multi-specialty, integrated approach to serving patients and hospitals has been a success story in its own right for over 40 years,” said Glenn E. Aldinger, M.D., Chairman, CEO, and Co-Founder of Infinity HealthCare. “The opportunity to align with Envision Physician Services is an exciting next chapter for us. We are eager to embrace Envision’s operational support and acumen in an effort to better prepare ourselves for coming changes in the macro healthcare environment and to enhance our services locally.”
Infinity Healthcare has evolved from its roots as an emergency medicine group practice to an integrated provider of facility-based physician services by aligning with its health system partners to support their strategic initiatives.
“We’re excited that Infinity Healthcare is expanding our national physician group platform to include new geographic markets, and partnerships with leading health systems,” said Robert J. Coward, President of Envision Physician Services. “We believe that integrated delivery networks, including the alignment of facility-based physician services under a common organization, best supports health system needs. We look forward to supporting the growth of Infinity Healthcare’s platform in the communities they serve.”
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.
