Envision to unload AMR

[MeatWagon]

No doubt about it now.

A snippet from Envision's '2017 first quarter financial results' press release today.

"These results reflect the reporting of Envision’s Medical Transportation segment as discontinued operations for the period, after the Board of Directors approved a plan to market that business, and eventually divest it, to prospective buyers."

 

[gonefishing]

No doubt about it now.

A snippet from Envision's '2017 first quarter financial results' press release today.

"These results reflect the reporting of Envision’s Medical Transportation segment as discontinued operations for the period, after the Board of Directors approved a plan to market that business, and eventually divest it, to prospective buyers."

I think we all saw that coming. Buying Rural Metro was one of the worse investments they could have ever made. The management at the local level is a shocker. You got one down in San Diego that went from ift emt of 6 months to District Manager lol

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[EpiEMS]

Wow. This is big. Curious what the ramifications will be on wages...


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[RocketMedic]

I think I hear Falck coming on...that, or the fragmentation of AMR.

 

[DesertMedic66]

This was first announced around a month or 2
ago.

 

[MeatWagon]

I think I hear Falck coming on...that, or the fragmentation of AMR.

Or it might be acquired by an equity investment firm in whole and then spun off in an IPO later down the road.

 

[StCEMT]

Sounds like I might have jumped that ship at a good time, I have no idea how to speak CEO.

 

[RocketMedic]

Sounds like I might have jumped that ship at a good time, I have no idea how to speak CEO.

The organization will, in some form, survive. It is a big-enough brand name and organization that a substantial number of Americans depend on for their EMS coverage and it is profitable, albeit debt-ridden. The overall business of EMS isn't exactly super-profitable on the same scale as Envision would like to see, but AMR has likely obtained a size that could result in significant profit potential if they had competent leadership as a standard.

Unfortunately, AMR and its umbrella of companies is consistently mediocre and has not really realized the advantages that one would expect of a real national-level company. Sure, there's good/great AMRs, there's also hideously terrible AMRs; often within the same region. I expect that the majority of the network will remain intact, but that the low performers will be phased out and a few high-dollar, poorly-run operations like Houston may be sold off.

 

[FoleyArtist]

@Mufasa556

 

[Mufasa556]

RocketMedic is pretty on point in that post.

It just depends on whether they sell off divisions of not I've heard some plausible to scandalous rumors on plans for our division, but all of them, except complete closure, depend on the individual sale of operations.

 

[gonefishing]

RocketMedic is pretty on point in that post.

It just depends on whether they sell off divisions of not I've heard some plausible to scandalous rumors on plans for our division, but all of them, except complete closure, depend on the individual sale of operations.

Pacific? LOL

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[FoleyArtist]

Pacific? LOL

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do you guys ever sleep?! no, the company pacific was liquidated into

 

[gonefishing]

do you guys ever sleep?! no, the company pacific was liquidated into

Than why do I see pacific rigs? LOL

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[FoleyArtist]

Than why do I see pacific rigs? LOL

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not in OC. I can't speak for SD. I dunno where you're seeing pacific rigs but take me to this oasis of yesteryear.

 

[gonefishing]

not in OC. I can't speak for SD. I dunno where you're seeing pacific rigs but take me to this oasis of yesteryear.

SD such as UCSD with a unit stationed for nicu

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[RocketMedic]

Probably too cheap to relabel.

 

[gonefishing]

Probably too cheap to relabel.

Didn't think that was possible than again...... look whos management.

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[MeatWagon]

Buyouts magazine (5-16-2017)

"Envision Healthcare Corp.‘s process to divest its medical-transportation unit is advancing toward what could ultimately produce a deal worth well over $2 billion. First-round proposals for the Envision subsidiary known as AMR, or American Medical Response, were submitted last week"

 

[GMCmedic]

Rumors floating around that Ascension is buying AMR.

If true that means ill likely be back in an AMR uniform sooner than I would like.

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[RocketMedic]

Ascension Health? That would be interesting. I know they're trying to acquire a lot of the mid-sized hospital market in places like Wichita Falls and Abilene.