Envision filed for bankruptcy in May, later announcing plans to separate from AmSurg, which has taken ownership of the struggling company’s ASC portfolio.
All of Envison’s ASCs will be part of AmSurg and will no longer have any affiliation with Envision. Pacific Investment Management Co., a creditor, will be AmSurg’s new majority owner.
During the review, OHA assessed the cost, access, quality and equity impact of the transaction. It found that since no consolidation is occurring, costs will not be affected. It also determined that since the ASCs are not relocating, there will be no impact to access, quality or equity.
OHA approved the transaction on Oct. 30, according to an executive summary published by the agency. It will continue to monitor the transaction, following up at one, two and five years after the deal is completed.
During the reviews, it will analyze impact on quality of care, access to care, affordability and health equity, specifically following up on concerns or observations.
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.