Tuesday, January 20, 2015
Envision Healthcare Holdings, Inc. announced that it has entered into an agreement to acquire VISTA Staffing Solutions (VISTA) from On Assignment, Inc. (On Assignment). The deal is expected to add approximately $135 million in annual net revenues.
VISTA is a leading provider of locum tenens staffing and permanent placement services for physicians, nurse practitioners and physician assistants. They offer locum tenens staffing, extended assignments, international placements and physician search and consulting services to hospitals, medical practices and government agencies.
“We staff thousands of clinicians each year so joining forces with the very talented team of one of the largest locum tenens physician staffing firms in the nation was a logical move,” said William A. Sanger, chairman, president and chief executive officer of Envision. “We are dedicated to being pioneers in each area of healthcare we operate and that includes the staffing of our workforce. VISTA’s business practices and systems will be key differentiators for us as we develop a comprehensive multi-specialty staffing practice for all levels of clinicians.”
"We were approached by Envision, one of the largest and most respected healthcare companies in the industry, to acquire VISTA Staffing Solutions and determined that this would greatly benefit both organizations, our employees and our shareholders,” said Peter Dameris, president and chief executive officer of On Assignment. "This is an incredible opportunity for VISTA to align with a world class healthcare organization and for On Assignment to focus more specifically on high demand IT, math and science skill sets.”
The acquisition is expected to close in February pending completion of certain closing conditions.
About Envision Healthcare Holdings, Inc.
Envision Healthcare Holdings, Inc., and its more than 34,000 employees and affiliated clinicians, offers an array of healthcare related services to consumers, hospitals, healthcare systems, health plans and local, state and national government entities. Through Envision Healthcare Corporation, the Company operates American Medical Response, Inc. (AMR), EmCare Holdings, Inc. (EmCare) and Evolution Health, LLC (Evolution Health). AMR is a provider and manager of community-based medical transportation services, including emergency (‘911’), non-emergency, managed transportation, fixed-wing air ambulance and disaster response. EmCare is a provider of integrated facility-based physician services, including emergency, anesthesiology, hospitalist/inpatient care, radiology, tele-radiology and surgery. Evolution Health provides comprehensive care to patients across various settings, many of whom suffer from advanced illnesses and chronic diseases. Envision is headquartered in Greenwood Village, Colorado.
Source : http://www.cnbc.com/
