Canary in the Coal Mine?
This private equity failure could be a signal.
Envision Healthcare recently filed for Chapter 11. The company was the subject of a take private transaction by KKR in October, 2018. The company had a market cap of $5.5bn and $4.4bn of debt, giving it a $9.9bn valuation. It had been struggling and the last annual filing indicated some significant issues:
Behind the Balance Sheet is a reader-supported p…