Envision Healthcare to File for Chapter 11 Bankruptcy, Laying Off 162 Workers.

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Source: The Wall Street Journal
Envision Healthcare to File for Chapter 11 Bankruptcy, Laying Off 162 Workers.
Photo: The Wall Street Journal
TL;DR Summary

Envision Healthcare, backed by private-equity firm KKR, is planning to file for chapter 11 bankruptcy protection, which will wipe out KKR's investment. The bankruptcy filing, worth about $10 billion, could be made as soon as this weekend, capping one of the biggest losses ever for the physician-staffing company's backers at KKR.

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