Envision Healthcare Corporation -- Moody's reviews Envision for downgrade on merger agreement with AmSurg

New York, June 16, 2016 -- Moody's Investors Service, ("Moody's") placed the ratings of Envision Healthcare Corporation ("Envision") under review for downgrade, including the company's B1 Corporate Family Rating and B1-PD Probability of Default Rating. The rating action follows the announcement on June 15, 2016, that Envision Healthcare Holdings, Inc., which wholly-owns Envision, entered into a definitive all-stock merger agreement with AmSurg Corporation. The transaction will create a combined organization with an estimated $8.5 billion in revenues. Envision shareholders will own about 53% of the new entity -- to be named Envision Healthcare Corporation -- and AmSurg shareholders will own 47% of the combined organization. AmSurg operates ambulatory surgery centers in partnership with physicians. The company also provides physician services, including anesthesiology and neonatology physicians to healthcare facilities.

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