 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Envision Healthcare Holdings, Inc. (EVHC) provides physician-led, outsourced medical services to consumers, hospitals, healthcare systems, health plans, and government entities in the United States.
It offers a range of hospital-based physician staffing and related management services, including contract management, staffing, recruiting, scheduling, operational improvement assessment, practice support, and practice improvement services for emergency departments, anesthesiology, hospitalist/inpatient care, radiology, tele-radiology, and surgery programs; and physician-led care management solutions to patients outside the hospital.
The company also provides community based medical transportation services, such as emergency response services; non-emergency medical transportation services, such as inter-facility critical care transport, wheelchair and stretcher-car transport, and other inter-facility transport services; and other services comprising managed transportation services, dispatch services, event medical services, paramedic training, fixed-wing air ambulance services, and onsite and offshore emergency medical services.
It markets its services primarily under the EmCare and AMR brands.
Shares of this recent IPO have formed a bullish "flag" following the company's latest quarterly report. The company reported second-quarter net income of $52.4 million, after reporting a loss in the same period a year earlier. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were 37 cents per share, 3 cents better than the estimates. It now expects full-year earnings in the range of $1.42 to $1.50 per share. The firm also announced purchase of its competitor, Arizona-based Rural/Metro Corp., an ambulance service operating in 21 states, for $620 million. Higher share prices are expected for this stock.
52-Weeks Trading Range: $30.48 - $45.95
Entry Point: $44.50
Stop Loss: $42.20
Target Price: $49.00
EVHC closed at $41.23.
