Envision Healthcare Holdings Inc. and AmSurg Corp. announced their merger Wednesday in a deal that will create a health-services provider worth about $10 billion.
The combined company will be led by Envision chief executive William Sanger, who will become executive chairman, and AmSurg CEO Christopher Holden, who will take that role at the new group.
Envision, based in Greenwood Village, provides physician services such as emergency care, anesthesiology and surgery, in addition to ambulance and other medical-transportation services.
AmSurg, of Nashville, Tenn., also provides outsourced physician services to hospitals and others. It is a big player in so-called ambulatory surgery, with about 250 facilities performing procedures that don’t require an overnight stay.
“Our two organizations complement each other in a way few others could, and this merger will accelerate our collective ability to positively impact healthcare delivery across the country,” Sanger said. “We are excited for the future and look forward to the opportunity to combine the resources of Envision and AmSurg.”
The combined company,, will be named Envision Healthcare Corp. and will have dual headquarters in Nashville and Greenwood Village. It will have a market capitalization of about $10 billion and provide a range of health-care services. The company will trade on the New York Stock Exchange under the ticker symbol: EVHC.
The all-stock deal has a fixed exchange ratio of 0.334 AmSurg share per Envision share, according to one of the people. Envision shareholders will own about 53 percent of the combined company.
The Denver Post contributed to this report.