Hospitals & Healthcare Systems

Envision Healthcare

KKR acquired Envision in 2018 for $9.4B including $7B in debt. Became poster child for PE surprise billing in healthcare. Filed Chapter 11 in 2023 with $7.7B in debt. ~69,000 physicians and staff affected.

FOUNDED
1953
ACQUIRED
KKR (Kohlberg Kravis Roberts), 2018, $9.4 billion
IMPACTS
1 documented

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Editorial Record

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Timeline

1953

Envision Healthcare founded

2018

Acquired by KKR (Kohlberg Kravis Roberts) for $9.4 billion

2023

Envision Healthcare collapsed under $7.7B in KKR debt

CriticalClosure / Bankruptcy

KKR acquired Envision for $9.4B in 2018, loading massive debt. The company became the poster child for PE surprise billing in healthcare. Filed Chapter 11 in May 2023. ~69,000 physicians and staff affected.

·

KKR-Backed Envision Healthcare Files for Bankruptcy

New York Times

Before / After

Jobs affected

reported 2023

before 69,000 employees

after Bankrupt, restructured

-100%

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