-=Envision Healthcare (EVHC) acquired by KKR (KKR) for $46.00/share

Envision Healthcare confirms deal to be acquired by KKR (KKR) for $46.00/share in cash, or approximately $9.9 bln 
The agreement represents the culmination of the Board's comprehensive review of strategic alternatives to enhance shareholder value. During the last seven months, the Board, with the assistance of three independent financial advisors and legal counsel, examined a full range of options to generate shareholder value, including capital structure alternatives, potential acquisitions, portfolio optimization, a potential sale of the whole company, and continued operation as a standalone business. The Board oversaw an extensive process that involved outreach to 25 potential buyers, including financial sponsors and strategic entities, and invited proposals for all or parts of the business. After consideration of the opportunities, risks and uncertainties facing the Company and the broader sector, as well as the alternatives available to the Company, the Board determined that the KKR proposal presented the best opportunity to maximize value for shareholders.

EVHC — is it a buy?

Envision Healthcare is an American healthcare company and national hospital based physician group. 

• It has been a part of the S&P 500 index since December 2, 2016, where it replaced Legg Mason.
• Reverse split on December 02, 2016. This was a 334 for 1000 reverse split, meaning for each 1000 shares of EVHC owned pre-split, the shareholder now owned 334 shares.

• 2 years later

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