Envision Healthcare (EVHC) Tops Q2 EPS by 2c; Will Acquire Rural/Metro in $600M Deal
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Go back to Envision Healthcare (EVHC) Tops Q2 EPS by 2c; Will Acquire Rural/Metro in $600M Deal
July 30, 2015 4:06 PM EDT
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--
Envision Healthcare Holdings, Inc. (NYSE: EVHC) (Envision), 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 million. Upon closing, the transaction is expected to
be accretive to Envisions earnings. The pending acquisition is subject
to regulatory... More
July 30, 2015 4:05 PM EDT
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--
Envision Healthcare Holdings, Inc. (Envision or Company) (NYSE: EVHC)
reported results from operations for the three months and six months
ended June 30, 2015. All comparisons included in this release are for
the 2015 periods to the comparable 2014 period, unless otherwise noted.
Highlights:
Net revenue increased by 25.9% to $1.35 billion;
Adjusted EBITDA grew by 20.5% to $162.8 million;
Net income was $52.4 million, compared to a net loss of $2.0 million;
Adjusted EPS was $0.37, an increase of 32%,...
More
