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.

Jobs affected

Before

69,000 employees

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After

Bankrupt, restructured

Change

-100%

Sources

KKR-Backed Envision Healthcare Files for Bankruptcy

New York Times

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