U.S. Envision enters into RSA with stakeholders using $7.7 bln

U.S.-based healthcare company Envision Healthcare Corp. and some of its wholly-owned subsidiaries have filed voluntary petitions for reorganization.

Under the move, Envision has entered into a Restructuring Support Agreement (RSA) with its key stakeholders backed by over 60 percent of its roughly $7.7 billion in debt obligations.

Moreso, the terms of the RSA establish the framework for a consensual and comprehensive restructuring that will position Envision and AMSURG for future growth as two separate businesses.

Furthermore, the transaction will enable Envision to effect the transactions encompassed in the RSA and facilitate opportunities for long-term growth by reducing its debt and strengthening its capital structure.