Envision Healthcare wins lengthy extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Oct. 10 – Envision Healthcare Corp. secured a 120-day extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

Specifically, the court extended the exclusive plan filing period through Jan. 10 and the exclusive solicitation period through March 12.

As previously reported, the company has filed a plan, and the confirmation hearing was set for Oct. 11.

At the time of filing the exclusivity extension motion, the company said it had been actively negotiating to build further consensus for the plan.

Envision said it has spent a considerable amount of time engaging with the official committee of unsecured creditors, which had objected to approval of the company’s disclosure statement.

The committee has also filed several claim objections and motions for leave, standing and authority to prosecute claims and causes of action on behalf of the debtors’ estates.

“Although the debtors disagree with the committee’s objections and assertions in such pleadings, the debtors have fully cooperated with the committee as they fulfill their statutory mandate and will continue to do so,” the company said in the motion.

Envision is a Nashville-based provider of physician-led services and post-acute care and ambulatory surgery services. The company filed bankruptcy on May 15 under Chapter 11 case number 23-90342.

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