Envision Healthcare could dispose of assets to bring debt ratios down

By Devika Patel

Knoxville, Tenn., March 6 – Envision Healthcare Corp. is happy with its current debt structure but may look to other strategies, including disposing assets, in order to bring its debt ratios down to the 3x to 4x range from its current ratio of 4.3x.

“We feel like we’re very well positioned [with our debt structure],” president and chief executive officer Christopher A. Holden said at the Raymond James 38th Annual Institutional Investors Conference in Orlando on Monday.

“We’re about 4.3x levered,” he said.

“In our recent announcement, we did speak to looking at strategic alternatives for both evolution and AMR,” he added, referring to its American Medical Response transportation business and Evolution Health population health management services.

“If we were to dispose or divest of any assets, that would improve our leverage and we’re kind of comfortable in that 3x to 4x range and look for alternatives to move in that direction,” Holden said.

Envision Healthcare is a healthcare company with co-headquarters in Nashville, Tenn., and Greenwood Village, Colo.

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