Around the nation: Private equity firm to buy staffing firm Envision in deal valued at $9.9B

Bite-sized hospital and health industry news

Some experts have speculated that there will be less transparency concerning ED billing if Envision becomes a private company, in today's bite-sized hospital and health industry news from Georgia, Kansas, and Tennessee.

  • Georgia: CDC on Monday announced that it is investigating hepatitis A outbreaks in six states that have reported over 2,500 infections—the worst outbreak since vaccinations were recommended for at-risk populations over 20 years ago. The outbreaks are taking place in California, Indiana, Kentucky, Michigan, Utah, and West Virginia (AHA.org, 6/11).

  • Kansas: The University of Kansas Health System on Monday opened a $100 million hospital on its Indian Creek campus in Overland Park. The new hospital is three-stories and has 34 private rooms, eight ORs, an ambulatory clinic, and expanded women's oncology services (Paavola, Becker's Hospital Review, 6/11).

  • Tennessee: Private-equity firm KKR on Monday announced that it has reached a deal to acquire Envision Healthcare, a physician staffing and surgical center company for approximately $9.9 billion, including debt. The announcement comes as private equity firms are increasingly investing in public companies, including health care companies, according to Axios' "Vitals." Tennessee-based Envision provides ambulatory-surgery, physician, and post-acute care services to hospitals and other health care facilities. According to analysts, the deal between KKR and Envision likely will not affect patients, though some have speculated that there will be less transparency concerning ED billing if Envision becomes a private company (Mittelman, Bloomberg, 6/11; Al-Muslim, Wall Street Journal, 6/11; Livingston, Modern Healthcare, 6/11; Reuters/CNBC, 6/11; Baker, "Vitals," Axios, 6/12; KKR release, 6/11).

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