News
-
12 things to know about Envision
After its 2023 bankruptcy restructuring, Envision Healthcare slowly began to rebuild its leadership team and clinical operations. Despite a recent legal setback in California, the company maintains its vision is to become “America’s leading medical group.” Here are 12 things to know about Envision’s operations, financial history and leadership: Operations Author: Elizabeth Gregerson Read the full story […] -
AG: Private Equity in Medical Systems Equals Higher Costs
On June 6, California Attorney General Rob Bonta led a multistate coalition of 11 attorneys general in submitting a comment letter to the Federal Trade Commission, the U.S. Department of Justice, and the U.S. Department of Health and Human Services pointing out aggressive profiteering by private equity-owned healthcare systems, which leads to higher healthcare costs, […] -
Corporate Practice of Medicine, Antikickback and Stark Analysis After the AAEM-PG and Envision Settlement
The American Academy of Emergency Medicine Physician Group (AAEM-PG) recently settled a lawsuit in United States District Court for the Northern District of California against Envision Healthcare and Envision Physician Services, accusing them of violating the corporate practice of medicine (CPOM) laws in California. The lawsuit alleged the “friendly physician” model used by Envision to […] -
MedPage Today: Emergency Medicine Group Claims Credit for Envision’s California Exit
Envision Healthcare, the physician staffing firm that emerged from bankruptcy late last year, is exiting its California operations — and one physician organization believes their lawsuit helped push the company out the door. The American Academy of Emergency Medicine Physician Group (AAEM-PG) said in a press release that it “resolved the case on confidential terms, […] -
Becker’s Hospital Review: Envision exits California
Envision is no longer operating in California after decreasing its footprint in the state over the last several years. Envision said it “continuously assesses” states where it operates and decided to exit management services and administrative operations. Previously, the American Academy of Emergency Medicine filed a lawsuit in December 2021 against Envision after the company took over […] -
Modern Healthcare: Envision leaves California, dodging major private equity verdict
Author: Michael McAuliff Read the full story on Modern Healthcare. Last updated: July 26, 2024 -
Update: AAEM-PG Lawsuit Against Envision Healthcare
MILWAUKEE – The American Academy of Emergency Medicine Physician Group’s (AAEM-PG) lawsuit against Envision Healthcare and Envision Physician Services charging them with illegally engaging in the corporate practice of medicine (CPOM) has ended with the healthcare giant withdrawing from all operations in the State of California. AAEM-PG resolved the case on confidential terms, including a […] -
Holland & Knight: California Court Decision Further Scrutinizes the Friendly PC Model – Now What?
As reviewed in a previous Holland & Knight alert (see “Federal Bankruptcy Court Stays Envision Healthcare Litigation in California” Aug. 3, 2023), the Friendly PC Model allows medical groups and physician organizations to access affordable capital (whether from private equity (PE), other non-physician investors or lenders) and provide equity-based compensation packages for their nonclinical personnel, […] -
Modern Healthcare: Lawmakers eye Gilded Age laws to tame healthcare consolidation
Author: Michael McAuliff Read the full story on Modern Healthcare. Last updated: July 26, 2024 -
Medical Economics: Trends in buying and selling medical practices
Across the country, independent physician practices continue to sell to hospitals, private equity investors, insurance companies and other private professional buyers. According to the American Medical Association, the share of physicians working in private practices, or those wholly-owned by physicians, fell by 13% between 2012 and 2022 — from 60.1% to 46.7%. The percentage of […]