EVHC
Envision Healthcare Holdings Inc
Healthcare
02/08/2016
Presented
| Date | 02/03/2016 |
| Price | $21.11 |
| Market Cap | $4.05B |
| Ent Value | $9.17B |
| P/E Ratio | 26.72x |
| Book Value | $10.27 |
| Div Yield | 0% |
| Shares O/S | 191.77M |
| Ave Daily Vol | 2,736,514 |
| Short Int | 3.60% |
Current
| Price | $45.99 |
| Market Cap | $5.58B |
| Envision Healthcare Holdings, Inc. offers an array of healthcare-related services to consumers, hospitals, healthcare systems, health plans and local, state and national government entities. The company provides and manages community-based medical transportation services, including emergency, non-emergency, managed transportation, fixed-wing air ambulance and disaster response. It operates through two reportable segments: EmCare and American Medical Response. The EmCare segment provides integrated facility-based and post-acute care physician services to healthcare facilities in the United States. EmCare provides emergency, anesthesiology, hospitalist/inpatient care, radiology, tele-radiology and surgery services as well as other administrative services. The American Medical Response segment provides ambulance and other medical transportation services in the U.S. This segment provides emergency response services primarily under long-term exclusive contracts with communities and hospitals. Its emergency medical technicians provides and manages community-based medical transportation services, including emergency 911, non-emergency, managed transportation, fixed-wing air ambulance and disaster response and utilize two types of ambulance units: Advanced Life Support and Basic Life Support. Envision Healthcare Holdings was founded in February 2011 and is headquartered in Greenwood Village, CO. |
Publicly traded companies mentioned herein: Envision Healthcare Holdings Inc (EVHC)
Highlights
The presenter is long shares of Envision Healthcare (EVHC), which provides emergency room (ER), anesthesiology, hospitalist, radiology, and surgery services in 41 states through its EmCare division, and also provides ambulance services through its AMR segment. In addition, an emerging segment within EmCare- Evolution Health - has been growing rapidly. Shares came under significant pressure in October, 2015 and dropped over $10 in one day following a disappointing 3rd quarter earnings announcement. The presenter characterizes EVHC as a “broken growth stock” but sees the $21 level (roughly where the stock came public in 2013) as an attractive entry point. He expects shares to trade back up to the low $30s as EBITDA growth persists through 2016 and results exceed relatively conservative guidance.
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