SEC Filings

8-K
ENVISION HEALTHCARE CORP filed this Form 8-K on 08/07/2017
Entire Document
 
Exhibit
Exhibit 99

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Contact:
Bob Kneeley
 
Vice President, Investor Relations
 
303-495-1245
 
bob.kneeley@evhc.net

ENVISION HEALTHCARE REPORTS 2017 SECOND QUARTER FINANCIAL RESULTS

Diluted EPS from Continuing Operations of $0.42, or Adjusted EPS of $0.85

Updates 2017 Financial Outlook to Reflect Recent Healthcare Trends
 

NASHVILLE, Tenn. & GREENWOOD VILLAGE, Colo. - (August 7, 2017) - Envision Healthcare Corporation (“Envision”) (NYSE: EVHC) today reported financial results for the three and six months ended June 30, 2017, which were consistent with the financial outlook previously provided by Envision. Second quarter results include strong cash flow from operations.

Highlights for the second quarter of 2017 include:

Net revenue from continuing operations of $1.95 billion;

Net earnings from continuing operations attributable to common stockholders of $50.2 million or $0.42 per diluted share;

Adjusted net earnings from continuing operations of $103.7 million or $0.85 per diluted share;

Adjusted EBITDA from continuing operations of $253.8 million; and

Net cash flow from operations, less distributions to non-controlling interests and excluding transaction costs, of $236.6 million.

A reconciliation of all non-GAAP financial results to the comparable GAAP measure is provided on page 6 of this press release.

“Envision produced solid financial results from continuing operations for the second quarter that were in line with expectations,” said Christopher A. Holden, President and Chief Executive Officer of Envision. “Our operating and financial performance confirms our strategic rationale for the transformational merger that we completed eight months ago. We are on track to capture the expected financial synergies, continue to generate interest among health systems for our solutions, and have expanded our platform with the acquisition of nine physician group practices and four ambulatory surgery centers (ASCs) during the first half of 2017. At the same time, we are successfully streamlining our operations and focusing on our core physician-centric activities.”




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