Private equity firm to buy Envision Healthcare for $5.57B

Healthcare stocks

The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 0.98 and a beta of 0.43.

New York-listed Envision Healthcare (NYSE:EVHC) shares have been cut by research professionals at Robert W. Baird.

Reuters reported last month that KKR and USA hospital operator HCA Healthcare Inc had joined forces to make an offer for Envision, with the move aimed at giving HCA and KKR an edge over buyout firms, which were also pursuing Envision. SG Americas Securities LLC now owns 22,455 shares of the company's stock worth $776,000 after buying an additional 17,286 shares during the last quarter.

The company has a current ratio of 2.27, a quick ratio of 2.25 and a debt-to-equity ratio of 0.65. Finally, State Treasurer State of MI boosted its stake in shares of Envision Healthcare by 0.5% in the first quarter. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Equities research analysts expect that Envision Healthcare Co. will post $1.40 earnings per share for the current year. Robert W. Baird maintained Envision Healthcare Corporation (NYSE:EVHC) rating on Wednesday, April 11. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.02 billion.

Several research firms have weighed in on EVHC. Bank of Montreal Can lifted its position in shares of Envision Healthcare by 6.4% during the 4th quarter. It held $1.88 billion in cash and cash equivalents, according to its latest earnings report. Nordea Investment Management AB now owns 3,341 shares of the company's stock valued at $205,000 after buying an additional 120 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Envision Healthcare by 88.2% in the fourth quarter. Cantor Fitzgerald maintained Envision Healthcare Corporation (NYSE:EVHC) on Tuesday, April 10 with "Hold" rating. The stock of Envision Healthcare Corporation (NYSE:EVHC) earned "Buy" rating by Raymond James on Tuesday, December 12. Boston Partners grew its stake in Envision Healthcare by 362.0% in the 1st quarter. Cantor Fitzgerald maintained it with "Hold" rating and $4000 target in Monday, May 7 report. After $0.65 actual EPS reported by Envision Healthcare Corporation for the previous quarter, Wall Street now forecasts 23.08 % EPS growth. The stock now has a consensus rating of "Hold" and a consensus price target of $41.10. The deal is expected to close in the fourth quarter.

The company has been hit by lower patient admissions at hospitals - a trend that has plagued healthcare services providers in the United States. The Company's physician-led services encompass providers at approximately 1,500 clinical departments at healthcare facilities in 45 states and the District of Columbia that include emergency department and hospitalist, anesthesiology, radiology/tele-radiology, and children's services. It operates in two segments: EmCare Holdings, Inc (EmCare) and American Medical Response, Inc (AMR).

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