Envision Healthcare
PE-Owned1 Documented ImpactKKR 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.
Ownership Information
Envision Healthcare is owned by KKR (Kohlberg Kravis Roberts). Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Envision Healthcare founded
Acquired by KKR (Kohlberg Kravis Roberts) for $9.4 billion
Envision Healthcare collapsed under $7.7B in KKR debt
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 vs. After PE Acquisition
Jobs affected
Reported 2023
Before PE
69,000 employees
After PE
Bankrupt, restructured
↓ 100%
Community Reviews
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AZ (1)
Phoenix
854 Main St
Phoenix, AZ 85001
555-339-7192
CO (1)
Denver
4709 Main St
Denver, CO 80201
555-773-6929
NC (1)
Raleigh
4810 Main St
Raleigh, NC 27601
555-395-2457
PA (2)
Philadelphia
5868 Main St
Philadelphia, PA 19019
555-801-3474
Pittsburgh
4293 Main St
Pittsburgh, PA 15201
555-461-1582
TX (3)
Austin
469 Main St
Austin, TX 73301
555-570-2608
Austin
9200 Main St
Austin, TX 73301
555-512-4235
San Antonio
9787 Main St
San Antonio, TX 78201
555-268-9226