KKR-Backed Envision to Report Second Quarter Sales Slide
- Physician staffing firm faces ongoing pressure due to Covid-19
- Volumes decreased 33% while sales slid 39% excluding grants
The Envision Healthcare Corp. app
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Envision Healthcare Corp., one of the biggest private equity-backed medical staffing companies, reported another quarter of losses as it deals with continued pressures from the pandemic.
The firm, owned by KKR & Co., posted a 39% decline in sales for the second quarter, excluding grants like CARES Act funds it received to help it deal with the virus, according to people with knowledge of the results. Factoring in roughly $106 million in grant funds, sales declined about 34% during the period, the people said, asking not to be named discussing a private matter.