Why Envision Healthcare Corporation Is Collapsing Today
Shares of Envision Healthcare Corp. (NYSE: EVHC), a service provider to the healthcare industry, were down 31% on Wednesday as of 2:55 p.m. EDT. The huge plunge is a result of the company reporting disappointing earnings and sharing the news that it is reviewing strategic alternatives.
Here's a review of the headline numbers from the third quarter:
Management blamed the revenue and earnings shortfalls on Hurricanes Harvey and Irma. They also stated that health-sector utilization is leveling off, after two years of steady demand increases on the back of coverage expansion.
Source: Fool.com
