ST. LOUIS & GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Ascension Health, a direct subsidiary of Ascension, has entered into an agreement with Evolution Health, a division of Envision Healthcare (Envision), to form a joint venture to provide an array of post-acute services including home care, hospice care and infusion therapy to individuals in communities served by Ascension’s Health Ministries. This arrangement advances Ascension’s commitment to providing person-centered care across the continuum of care, while strengthening its ability to serve all persons with special attention to those who are poor and vulnerable. Under the arrangement, Ascension has selected Evolution Health as its exclusive partner in the provision of these services to patients in their homes and other facilities.
“This agreement furthers Ascension’s focus on delivering person-centered care to individuals in a variety of settings, which is key to our efforts to manage the health of patient populations,” said Anthony R. Tersigni, EdD, FACHE, President and Chief Executive Officer, Ascension. “Providing service in the home and through alternative facilities to people in need of care, including those who are poor and vulnerable, is one way we extend our ministry beyond hospital walls and reach individuals and families where and when they need us.”
“We are excited about this partnership and are looking forward to serving Ascension Health and its patients,” said William A. Sanger, Envision’s President and Chief Executive Officer. “Ascension has a history of developing innovative approaches to managing the care of patients, and we believe that partnering to deliver post-acute and home care services allows us to work together on improving patient outcomes and patient satisfaction. Furthermore, it expands Evolution Health’s footprint, providing opportunities for additional expansion and services in these markets.”
“A number of our Health Ministries provide home care and related services today in their communities. We believe there is much to be learned by working with Evolution Health in a way that ensures the most effective and efficient care across our national health ministry in support of our Mission of serving all persons,” added Robert J. Henkel, FACHE, President and Chief Executive Officer, Ascension Health.
The new joint venture will initially include five of Ascension Health’s 23 communities, with the first phase of the agreement beginning at the end of 2014. Revenues in the first year of operation are estimated to be $75-100 million and expansion into additional communities is planned in a phased implementation over the next three years.
About Envision Healthcare Holdings, Inc.
Envision Healthcare Holdings, Inc., (NYSE: EVHC) and our more than 32,000 employees and affiliated clinicians, offer an array of healthcare related services to consumers, hospitals, healthcare systems, health plans and local, state and national government entities. Through Envision Healthcare Corporation, we operate American Medical Response, Inc. (AMR), EmCare Holdings, Inc. (EmCare) and Evolution Health, LLC (Evolution Health). AMR is a provider and manager of community-based medical transportation services, including emergency (‘911’), non-emergency, managed transportation, fixed-wing air ambulance and disaster response. EmCare is a provider of integrated facility-based physician services, including emergency, anesthesiology, hospitalist/inpatient care, radiology, tele-radiology and surgery. Evolution Health provides comprehensive care to patients across various settings, many of whom suffer from advanced illnesses and chronic diseases. We are headquartered in Greenwood Village, Colorado. For additional information, visit www.evhc.net.
About Ascension
Ascension (www.ascension.org) is a Catholic healthcare organization dedicated to the transformation of healthcare through excellent clinical care throughout the continuum of care and through innovation. Ascension is the nation’s largest Catholic and non-profit health system, providing the highest quality care to all with special attention to those who are poor and vulnerable. Last year, Ascension provided $1.5 billion in care of persons living in poverty and community benefit programs. Its Mission-focused Health Ministries employ more than 150,000 associates serving in more than 1,900 sites of care in 23 states and the District of Columbia. Ascension’s direct subsidiaries provide services that include healthcare delivery, medical equipment management, treasury management, resource and supply management, venture capital investing, physician practice management, and risk management.
Forward-Looking Statements
Certain statements and information herein 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 our objectives, plans and strategies, and all statements (other than statements of historical facts) that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future, including the estimated $75-100 million in revenue in the first year of operation and expansion into additional markets. Any forward-looking statements herein are made as of the date of this press release, and Envision undertakes no duty to update or revise any such statements. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Important factors that could cause actual results, developments and business decisions to differ materially from forward-looking statements are described in Envision’s periodic filings with the Securities and Exchange Commission from time to time, including in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
