EVHC

Envision Healthcare Holdings Inc.

Healthcare


Presented:12/28/2014
Price:$34.58
Cap:$6.35B
Current Price:$45.99
Cap:$5.58B

Presented

Date12/28/2014
Price$34.58
Market Cap$6.35B
Ent Value$8.15B
P/E Ratio80.74x
Book Value$9.29
Div YieldN/A
Shares O/S183.53M
Ave Daily Vol1,340,000
Short Int1.29%

Current

Price$45.99
Market Cap$5.58B
Envision Healthcare Holdings, Inc. provides physician-led, outsourced medical services to consumers, hospitals, healthcare systems, health plans, and government entities in the United States. It offers a range of hospital-based physician staffing and related management services, including contract management, staffing, recruiting, scheduling, operational improvement assessment, practice support, and practice improvement services for emergency departments, anesthesiology, hospitalist/inpatient care, radiology, tele-radiology, and surgery programs; and physician-led care management solutions to patients outside the hospital. The company also provides community based medical transportation services, such as emergency response services; non-emergency medical transportation services, such as inter-facility critical care transport, wheelchair and stretcher-car transport, and other inter-facility transport services; and other services comprising managed transportation services, dispatch services, event medical services, paramedic training, fixed-wing air ambulance services, and onsite and offshore EMS services. It markets its services primarily under the EmCare and AMR brands. The company was formerly known as CDRT Holding Corporation and changed its name to Envision Healthcare Holdings, Inc. in June 2013. Envision Healthcare Holdings, Inc. is headquartered in Greenwood Village, Colorado.

Publicly traded companies mentioned herein: AmSurg Corp. (AMSG), Envision Healthcare Holdings Inc (EVHC), Team Health Holdings Inc (TMH)

HIghlights

Envision Healthcare (EVHC) operates two segments, an outsourced medical services business called EmCare that provides primarily emergency room (ER) staffing for hospitals; and American Medical Response (AMR), which runs ambulance and 911 services for counties across the US. The presenter is long the stock and thinks the risk/ reward is favorable in the mid-$30s due to organic revenue growth, “massive” M&A potential over the foreseeable future, and the opportunity for AMR to expand at Rural/Metro’s expense.

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