KKR to Acquire Envision Healthcare for $5.5 Billion

The Envision Healthcare Corp. website is displayed on an Apple Inc. laptop computer in an arranged

After reaching out to 25 potential buyers, Envision said it zeroed in on the KKR deal, as the offer is likely to deliver the most value to its shareholders.

Other hedge funds also recently bought and sold shares of the company. Arizona State Retirement System boosted its position in Envision Healthcare by 0.3% in the first quarter. The per-share transaction value represents a 32-percent premium to the volume-weighted average share price from November 1, 2017, the time of announcement of review of strategic options, the company said in a release. Mason Street Advisors LLC now owns 16,232 shares of the company's stock valued at $995,000 after buying an additional 183 shares in the last quarter. Finally, Sapience Investments LLC increased its stake in Envision Healthcare by 152.0% in the fourth quarter. Finally, State Treasurer State of MI boosted its stake in shares of Envision Healthcare by 0.5% in the first quarter. Mackay Shields LLC bought a new position in shares of Envision Healthcare during the 1st quarter worth about $783,000. Institutional investors own 35.96% of the company's stock. Boston Partners now owns 1,020,557 shares of the company's stock valued at $39,220,000 after acquiring an additional 799,639 shares during the last quarter. 2,558,841 shares of the stock traded hands, compared to its average volume of 2,489,129. The stock's 50 day moving average is $57.13 and its 200 day moving average is $64.17.

KKR is buying physician services provider and surgery center operator Envision Healthcare Corp. for $5.57 billion.

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Envision Healthcare had 24 analyst reports since December 13, 2017 according to SRatingsIntel. They expect $0.80 earnings per share, up 1.27 % or $0.01 from last year's $0.79 per share. Envision Healthcare had a net margin of 1.41% and a return on equity of 4.59%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.02 billion. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. William Blair downgraded Envision Healthcare from an "outperform" rating to a "market perform" rating in a research note on Monday. Raymond James maintained Envision Healthcare Corporation (NYSE:EVHC) rating on Tuesday, December 12. The firm has "Hold" rating given on Tuesday, April 10 by Cantor Fitzgerald. On Wednesday, February 28 the stock rating was maintained by Cantor Fitzgerald with "Neutral". Envision Healthcare now has a consensus rating of "Hold" and an average price target of $41.10. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/envision-healthcare-corporation-nyse-evhc/, or calling toll free 877-LEGAL-90. The total price includes debt. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Envision Healthcare Corporation (NYSE:EVHC) has declined 22.24% since June 12, 2017 and is downtrending.

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