| 2017-11-14 12:40:49|
EVHC, CG 12:40 11/14 11/14/17
Envision jumps after Bloomberg report of private equity interest
Envision Healthcare (EVHC) has attracted buyout interest from firms including Carlyle Group (CG) and Onex Corp., Bloomberg reported, citing people familiar with the matter. The private equity firms may bid for Envision alone or as part of a group, sources told Bloomberg. The hospital based physician group, which activist Starboard Value has targeted, announced last month that it is exploring options to enhance shareholder value. Baird analyst Whit Mayo said earlier today in a research note that Envision could be worth $40 per share in a leveraged buyout. Following Bloomberg's report, the stock is up 12%, or $3.11, to $28.96.
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