Here are three things to know:
1. AmSurg, an ASC-focused subsidiary of Envision, will be separated from Envision and have its own leadership teams and owner groups. The separation is expected to happen in the coming weeks.
2. Envision’s president and CEO, Jim Rechtin, announced that he will leave the company and take over leadership of nationwide payer Humana.
3. 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. The deal is expected to be approved by the court overseeing the bankruptcy proceedings during the fourth quarter of 2023.
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.