Speaking at the Citi Global Healthcare Conference, less than a week after Envision and AmSurg Corp. completed their $10 billion, all-stock merger, Mr. Holden said Envision has “a robust pipeline” from which to select practices to buy.
Modern Healthcare says the merger “brought together Envision’s core of staffing emergency rooms and providing ambulance services with AmSurg’s focus on specialists, like anesthesiologists, radiologists and neonatal physicians, as well as ambulatory surgery centers.”
Holden told Citi analysts that hospitals seek one-stop vendors that can staff all of their departments and joked that hospital executives preferred to have “one throat to choke” if there were problems.
He noted that independent physician groups seek partners, such as as Envision, that can buy them and provide their practices with modern information technology and other large-enterprise services so that the physicians can focus on clinical care, especially with the ongoing payer shift from fee-for-service medicine to fee for value, which forces physicians to prove their quality and efficiency to optimize reimbursement.
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