-
HCA and KKR team up for Envision
[link=https://www.cnbc.com/2018/05/21/hca-and-kkr-team-up-for-envision-bid-sources.html]https://www.cnbc.com/2018…ision-bid-sources.html[/link]
HCA and KKR team up for Envision bid: Sources[/h1] [ul][*]HCA Healthcare and KKR have joined forces to make an offer for Envision Healthcare, people familiar with the matter said.[*]The move is aimed at giving HCA and KKR an edge over buyout firms that are also pursuing the U.S. physician services provider.[*]Other private-equity firms competing for Envision include a consortium of Carlyle Group and TPG Global. [/ul] -
22 Replies
-
KKR HCA Envision the un-holy trinity
Why doesn’t HCA just employ rads like the nonprofits do? Why have so many inefficient layers?
What is the endgame? HCA buys Envision? Makes no sense.-
Removed due to GDPR request
-
There may be a company more evil than HCA, but probably not by much.
Thanks to Dergon for the following article and quote
[link=https://www.bakersfield.com/ap/news/nevada-jury-finds-unitedhealthcare-and-affiliates-guilty-of-oppression-fraud-and-malice-in-its/article_6ede6657-822b-563b-a4f2-3aeea6ca5497.html]https://www.bakersfield.c…a4f2-3aeea6ca5497.html[/link]
Nevada Jury Finds UnitedHealthcare and Affiliates Guilty of Oppression, Fraud and Malice [blockquote][i]Quote from[b] [/b][/i]
Today, a Clark County, Nevada jury convincingly ruled favorably for three Nevada-based TeamHealth affiliates, who took legal action against insurance giant United over substantiated claims of drastic underpayments. After more than three weeks of testimony and two days of deliberation, the Nevada jury found that United engaged in unfair and abusive reimbursement practices by deliberately failing to pay the frontline emergency room doctors adequately for care provided to patients. The jury found the evidence clear and convincing and found that United was guilty of oppression, fraud and malice in its conduct, prompting the jury to assess punitive damages against United. Several current and former United executives came under scrutiny for revelations uncovered in testimony throughout the trial. Among them:
John Haben, the former head of Uniteds Shared Savings Program,[b] confirmed Uniteds role in colluding with Yale University professor Zack Cooper to produce a controversial study used to promote the false view that TeamHealth engaged in balance billing. The study misled Congress into passing legislation giving insurers significant leverage over frontline providers.[/b]United exposed their members to surprise medical bills.Haben also stated under oath that United paid as little as 20% of the clinicians billed charges.Uniteds Shared Savings Program takes up to a 50% administrative fee on the difference between billed charges and Uniteds arbitrary payments.United often receives more money on their shared savings fee than they pay to the provider.Throughout all of Uniteds bad behavior, TeamHealth maintained its policy of not balance billing patients.
On behalf of our more than 15,000 clinicians, TeamHealth is thrilled by the jurys decision to hold UnitedHealthcare accountable for the considerable harm they have caused to Nevada emergency room clinicians and their patients, said TeamHealth President & CEO Leif Murphy. The court evidence clearly demonstrated that Uniteds refusal to adequately reimburse emergency medicine physicians was intentional and will no longer be tolerated. TeamHealth looks forward to continuing its efforts to ensure that our frontline clinicians have the resources to provide the high-quality lifesaving care and services patients rely on, from coast to coast.
[/blockquote]-
S&P Global Ratings upgrades Foreign Currency LT credit rating of Envision Healthcare to “CCC+” from “CCC”; outlook negative 04/06/2021
-
Envision Healthcare Corp is one of the top stocks in probability of bankruptcy category among related companies. It is rated as one of the top companies in total debt category among related companies.
[link=https://www.macroaxis.com/invest/ratioCompare/EVHC–Probability-Of-Bankruptcy–Total-Debt]https://www.macroaxis.com…Bankruptcy–Total-Debt[/link]-
Envision Healthcare Total Debt = Bonds + Notes = 4.63 B
[link=https://www.macroaxis.com/profitability/EVHC/Debt-to-Equity/Total-Debt]https://www.macroaxis.com…t-to-Equity/Total-Debt[/link]
-
Crazy how physicians have become fodder for private equity firms.
-
Quote from CoronaRad
Crazy how physicians have become fodder for private equity firms.
Not so crazy- private equity tends to go where money is.
-
Quote from drad123
Quote from CoronaRad
Crazy how physicians have become fodder for private equity firms.
Not so crazy- private equity tends to go where money is.
Right, but they can’t do anything with physicians themselves enabling it. I am surprised doctors have enabled PE enslavement. Then again, the boomer generation is the most selfish of all time.-
Bankruptcy means lotsa opportunities
-
Ya seriously. I meet of ton of docs who are content to do locums through an agency or work for some suit who owns outpatient imaging centers because, “They like me and pay me a bit extra”. When I suggest they go straight to the PP groups or hospitals they say it’s not worth their time. A two second phone call would likely get them paid %25-35 more especially in this market.
-
Lol. I agree completely. The justifications I hear for dog jobs are amazing.
-
Why is a physician staffing company even need to exist? The physicians are just getting scammed. How does this business model survive?
-
Why is drad raising this 2018 post from the dead? Article published in 2018 and posted on Aunt Minnie in 2018. Necromancy at the end of 2021 brings it to life! Maybe drad just wanted to hate on envision. It is a hobby of many on AM
-
HCA didn’t end up buying Envision, right ?
-
Quote from fw
HCA didn’t end up buying Envision, right ?
No KKR took them private.
Both Envision and Radpartners don’t have the financials to be public. Monopoly power over docs has not been reached yet. -
Quote from AKOMAN
Ya seriously. I meet of ton of docs who are content to do locums through an agency or work for some suit who owns outpatient imaging centers because, “They like me and pay me a bit extra”. When I suggest they go straight to the PP groups or hospitals they say it’s not worth their time. A two second phone call would likely get them paid %25-35 more especially in this market.
I have too. I call them the innumerati. My current job was once staffed by them at less than half what I am making.
-
-
-
Quote from CoronaRad
Crazy how physicians have become fodder for private equity firms.
A close family member in PE and VC told me physicians are targets because they have so little business knowledge. Physicians can get screwed on a deal and walk away happy, thinking (however briefly) they did great. We see evidence of that on this board often.-
Quote from sandeep panga
Quote from CoronaRad
Crazy how physicians have become fodder for private equity firms.
A close family member in PE and VC told me physicians are targets because they have so little business knowledge. Physicians can get screwed on a deal and walk away happy, thinking (however briefly) they did great. We see evidence of that on this board often.
Do you believe this?
-
Quote from drad123
Quote from CoronaRad
Crazy how physicians have become fodder for private equity firms.
A close family member in PE and VC told me physicians are targets because they have so little business knowledge. Physicians can get screwed on a deal and walk away happy, thinking (however briefly) they did great. We see evidence of that on this board often.
Do you believe this?
I believe some physicians have little business knowledge and can get taken down the primrose path to sign a bad deal, yes (I have seen examples). I also believe we see evidence of that on this forum.
Do you believe, not believe? -
Quote from sandeep panga
Quote from drad123
Quote from CoronaRad
Crazy how physicians have become fodder for private equity firms.
A close family member in PE and VC told me physicians are targets because they have so little business knowledge. Physicians can get screwed on a deal and walk away happy, thinking (however briefly) they did great. We see evidence of that on this board often.
Do you believe this?
I believe some physicians have little business knowledge and can get taken down the primrose path to sign a bad deal, yes (I have seen examples). I also believe we see evidence of that on this forum.
Do you believe, not believe?There are docs who sign bad deals. I believe dropping compensation is a result of hospital and insurance company consolidation. Very difficult to get a good deal when you are on the wrong side of a monopoly.
-
Quote from drad123
Quote from sandeep panga
Quote from drad123
Quote from CoronaRad
Crazy how physicians have become fodder for private equity firms.
A close family member in PE and VC told me physicians are targets because they have so little business knowledge. Physicians can get screwed on a deal and walk away happy, thinking (however briefly) they did great. We see evidence of that on this board often.
Do you believe this?
I believe some physicians have little business knowledge and can get taken down the primrose path to sign a bad deal, yes (I have seen examples). I also believe we see evidence of that on this forum.
Do you believe, not believe?There are docs who sign bad deals. I believe dropping compensation is a result of hospital and insurance company consolidation. Very difficult to get a good deal when you are on the wrong side of a monopoly.
I may be wrong but my understanding is the docs that initially sold out received pretty good deals.
I don’t have a sound explanation as to why rads subsequently sign on with P/E.
-
-
-
-
-
-
-
-
-
