Envision Physician Services Acquires Emergency Medicine Group Practice in Georgia

   
   
05.22.2017

Dateline:

NASHVILLE, Tenn. & GREENWOOD VILLAGE, Colo.

Public Company Information:

NYSE:
EVHC

ENVISION PHYSICIAN SERVICES ACQUIRES EMERGENCY MEDICINE GROUP PRACTICE IN GEORGIA

NASHVILLE, Tenn. & GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Envision Healthcare Corporation (NYSE: EVHC) today announced that Envision Physician Services acquired Gwinnett Emergency Specialists, P.C. (“GES”), an emergency medicine physician group practice located in Lawrenceville, Georgia.

GES consists of more than 40 physicians and 30 advanced practice practitioners who provide patient care at two hospitals in Gwinnett County: Gwinnett Medical Center Lawrenceville, a Level II Trauma Center; and Gwinnett Medical Center Duluth. Annual patient volume for the group exceeds 150,000 patient encounters. GES has provided service at the Lawrenceville hospital since the physician group was founded in 1991.

“We’re excited to be part of a growing national provider group that is committed to supporting physicians caring for patients in their local communities,” said Phillip Cannon, M.D., President of Gwinnett Emergency Specialists. “We have a long and successful record of service to patients at Gwinnett Medical Center and across this rapidly growing community, and we are excited about the vital infrastructure that Envision brings to our group to support our growth.”

Many physician organizations across the country are responding to new reimbursement models that impact physician care, as well as hospital and health system care models. GES was drawn to Envision Physician Services’ comprehensive offerings that align providers and health systems around achieving quality outcomes in a cost-effective manner.

“We’re pleased to be joining an organization that provides our physicians and clinical professionals with the resources to effectively migrate toward emerging reimbursement models that will recognize the value we bring to patient care,” said Carlton Buchanan, M.D., Medical Director of Gwinnett Emergency Specialists and President of the Medical Staff of Gwinnett Medical Center’s Lawrenceville and Duluth facilities. “Physician-led care teams have tremendous influence over health system resource utilization, including effectively managing episodic care as well as transitions of care that will lead to better patient outcomes and demonstrated value to patients, health systems and payors.”

Following the acquisition of GES, Envision Physician Services staffs eight hospital-based emergency medicine departments in North Georgia, including the Atlanta metropolitan area.

“We continue to expand our presence in attractive markets across the country as we demonstrate our position as trusted partners to physicians, health systems and patients in those communities,” said Robert J. Coward, President of Envision Physician Services. “We are excited about the addition of the clinical professionals of Gwinnett Emergency Specialists to our growing presence in Georgia.”

About Envision Healthcare Corporation

Envision Healthcare Corporation is a leading provider of physician-led services and post-acute care, and ambulatory surgery services. At March 31, 2017, we delivered physician services, primarily in the areas of emergency department and hospitalist services, anesthesiology services, radiology/tele-radiology services, and children’s services to more than 1,600 clinical departments in healthcare facilities in 45 states and the District of Columbia. Post-acute care is delivered through an array of clinical professionals and integrated technologies which, when combined, contribute to efficient and effective population health management strategies. As a market leader in ambulatory surgical care, the Company owns and operates 264 surgery centers and one surgical hospital in 35 states and the District of Columbia, with medical specialties ranging from gastroenterology to ophthalmology and orthopaedics. In total, the Company offers a differentiated suite of clinical solutions on a national scale, creating value for health systems, payors, providers and patients. For additional information, visit www.evhc.net.

Forward-Looking Statements

Certain statements and information in this communication may be deemed to be “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements relating to Envision’s financial and operating objectives, plans and strategies, and all statements (other than statements of historical facts) that address activities, events or developments that Envision intends, expects, projects, believes or anticipates will or may occur in the future. These statements are often characterized by terminology such as “believe,” “hope,” “may,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” “project,” “positioned,” “strategy” and similar expressions, and are based on assumptions and assessments made by Envision’s management in light of their experience and their perception of historical trends, current conditions, expected future developments, and other factors they believe to be appropriate. Any forward-looking statements in this communication are made as of the date hereof, and Envision undertakes no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Forward-looking statements are not guarantees of future performance. Whether actual results will conform to expectations and predictions is subject to known and unknown risks and uncertainties, including: (i) risks and uncertainties discussed in the reports and other documents that Envision files with the Securities and Exchange Commission; (ii) general economic, market, or business conditions; (iii) the impact of legislative or regulatory changes, such as changes to the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act of 2010; (iv) changes in governmental reimbursement programs; (v) decreases in revenue and profit margin under fee-for-service contracts due to changes in volume, payor mix and reimbursement rates; (vi) the loss of existing contracts; (vii) risks associated with Envision’s ability to realize the anticipated benefits of the merger of AmSurg Corp. and Envision Healthcare Holdings, Inc., including successful integration, synergies and ongoing business relationships; and (viii) other circumstances beyond the Company’s control.

Contact:

Envision Healthcare Corporation
Bob Kneeley, 303-495-1245
Vice President, Investor Relations
bob.kneeley@evhc.net