The beginning of Envision’s evolution began in May 2023 when the company filed for Chapter 11 bankruptcy. At the time of the announcement of the filing, Envision had about $7 billion of debt outstanding. Later in May, AmSurg announced its plans to buy all ASCs held by Envision.
Also in May, Envision made known its plans to lay off 329 employees.
In October, AmSurg announced its plans to officially separate from its former parent company Envision.
“I appreciate the collaboration with Envision leaders that has brought us to this point,” AmSurg CEO Jeff Snodgrass said in an Oct. 11 news release. “We have built strong momentum as an organization that will propel our path to growth. I look forward to AmSurg’s next chapter and am grateful for the efforts of our teams, centers and physician partners that drive our success.”
Following the split, Envision’s former President and CEO Jim Rechtin announced his plans to leave the company and take over leadership of Humana as president and COO, effective Jan. 8.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.