Envision Healthcare Enters Definitive Agreement to Acquire Rural/Metro
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July 31, 2015 10:41 AM EDT
Piper Jaffray reiterated an Overweight rating on Envision Healthcare (NYSE: EVHC), and raised the price target to $45.00 (from $42.00), following 2Q results. EPS of $0.37 was $0.02 higher than consensus of $0.35.Revenue increased 25.9% y/y to $1,354M, which was $50M higher than consensus of $1,304M.... More
July 30, 2015 4:52 PM EDT
Envision Healthcare (NYSE: EVHC) reported Q2 EPS of $0.37, $0.02 better than the analyst estimate of $0.35. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.3 billion.
The company also has entered into a definitive agreement to acquire Rural/Metro Corporation (Rural/Metro) through its medical transportation segment American Medical Response (AMR). This pending acquisition enhances Envisions mobile integrated healthcare delivery capability, a key component of its care coordination model amongst its pre-hospital, acute care and post-acute care services.
Rural/Metro is expected to generate annualized 2015 revenue of approximately $600... More
