Deals
KKR-Backed Envision Withholds Doctor Pay as Routine Care Slows
- Performance payments for physicians delayed amid pandemic
- Envision’s business shrinks by up to 75% as patients stay away
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Envision Healthcare Corp., one of the biggest medical providers backed by private equity, is withholding some pay for doctors and contemplating salary cuts amid the coronavirus pandemic.
The medical staffing company backed by KKR & Co. faces steep losses across its care units as patients avoid visiting doctors offices even for mandatory care during the outbreak, said people familiar with the plans who asked not to be identified because they were afraid of losing their jobs.