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Envision Healthcare Files For IPO Of Up To $100 Mln

Medical-outsourcing company Envision Healthcare Holdings Inc said it has filed with the U.S. Securities and Exchange Commission to raise up to $100 million in an initial public offering.

The company, owned by buyout firm Clayton, Dubilier & Rice, did not specify the number of shares to be sold and the price range for the proposed offering.

The company's predecessor is Emergency Medical Services Corp., a public company purchased by CD&R in May 2011. Since then, it has been going by CDRT Holding Corp., but changed its name in June to Envision Healthcare.

Envision operates through its two subsidiaries EmCare brand, which provides facility-based physician services, and AMR, which provides medical transportation.

The Greenwood Village, Colorado-based company plans to apply to list on the New York Stock Exchange under the symbol EVH

Goldman Sachs, Barclays, BofA Merrill Lynch and Citigroup are acting as lead underwriters to the offering.

Envision Healthcare, which has more than 20,000 affiliated clinicians in the Unites States, slipped to a loss of $3.85 million in the quarter ended March 31, compared with a profit of $5.79 million a year earlier.

by RTT Staff Writer

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