Envision Healthcare (EVH) Files $100M IPO
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Envision Healthcare Holdings, Inc. (NYSE: EVH) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $100 million. The Company to list on the New York Stock Exchange under the ticker, "EVH."
The offering is being made via Goldman, Sachs & Co., Barclays, BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, RBC Capital Markets, Morgan Stanley, and UBS Investment Bank.
Brief financials from the company: "For the year ended December 31, 2012, we generated net revenue of $3.3 billion, of which EmCare represented 58% and AMR represented 42%, and Adjusted EBITDA of $404.5 million, of which EmCare represented 64% and AMR represented 36%. Approximately 86% of our net revenue for the year ended December 31, 2012 was generated under exclusive contracts. As of December 31, 2012, EmCare had contracts covering 604 clinical departments, and AMR had 169 "911" contracts and 3,619 non-emergency transport arrangements. During 2012, we had 13.3 million weighted patient encounters across approximately 2,100 communities nationwide."
Envision Healthcare is a provider of physician-led, outsourced medical services in the United States with more than 20,000 affiliated clinicians.
The offering is being made via Goldman, Sachs & Co., Barclays, BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, RBC Capital Markets, Morgan Stanley, and UBS Investment Bank.
Brief financials from the company: "For the year ended December 31, 2012, we generated net revenue of $3.3 billion, of which EmCare represented 58% and AMR represented 42%, and Adjusted EBITDA of $404.5 million, of which EmCare represented 64% and AMR represented 36%. Approximately 86% of our net revenue for the year ended December 31, 2012 was generated under exclusive contracts. As of December 31, 2012, EmCare had contracts covering 604 clinical departments, and AMR had 169 "911" contracts and 3,619 non-emergency transport arrangements. During 2012, we had 13.3 million weighted patient encounters across approximately 2,100 communities nationwide."
Envision Healthcare is a provider of physician-led, outsourced medical services in the United States with more than 20,000 affiliated clinicians.
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