Welcome to the Envision Securities Litigation Website

This website has been established to provide general information related to the proposed Settlement of the case known as In re Envision Healthcare Corporation Securities Litigation, Civil Action No. 3:17-cv-01112, the proposed $177.5 million settlement reached therein (the “Settlement”), and the hearing (the “Settlement Hearing”) to be held by the Court to consider the fairness, reasonableness, and adequacy of the Settlement, as set forth in the Stipulation of Settlement dated September 22, 2023 (the “Stipulation”). This website describes what steps you may take in relation to the Settlement and this class action. Your rights may be affected if you purchased or otherwise acquired the common stock of Envision Healthcare Corporation (“EHC”) and/or Envision Healthcare Holdings, Inc. (“EHH” and collectively with EHC, “Envision”) between February 3, 2014 and October 31, 2017, inclusive (the “Class Period”).

The case has been assigned to the Honorable William L. Campbell, Jr. The Court ordered that the law firm of Robbins Geller Rudman & Dowd LLP represent the Class Members, including you. These lawyers are called Class Counsel. If you want to be represented by your own lawyer, you may hire one at your own expense. The capitalized terms used on this website, and not otherwise defined, shall have the same meanings ascribed to them in the Stipulation, which can be found and downloaded by clicking on the Case Documents tab above.

WHAT IS THIS LAWSUIT ABOUT?

As more fully described in the Notice of Pendency and Proposed Settlement of Class Action (the "Notice"), Plaintiffs alleged that throughout the Class Period (between February 3, 2014 and October 31, 2017, inclusive), Envision, and certain of EHC’s, EHH’s and AmSurg’s officers and directors made materially false and misleading statements. Plaintiffs further alleged that Defendants’ allegedly fraudulent misconduct and false and misleading statements caused Envision common stock to trade at artificially inflated prices during the Class Period until the true nature of Defendants’ alleged wrongdoing was disclosed, and the price of Envision common stock fell, causing damages to Plaintiffs and other Members of the Class.

The parties conducted extensive fact discovery and class certification-related expert discovery and litigated a number of discovery disputes, including through formal motion practice and informal discovery conferences before the Magistrate Judge. In all, Defendants and third parties produced more than 3.2 million pages of documents, and the parties conducted 59 fact and expert depositions.

Plaintiffs and Defendants participated in two voluntary confidential mediation sessions with the Hon. Layn R. Phillips, of Phillips ADR, an experienced mediator. Each mediation session was preceded by submission of mediation statements by the Settling Parties. The Settling Parties engaged in good faith negotiations but did not reach a settlement at either session. Following the mediation sessions, the parties continued settlement discussions through Judge Phillips. On August 29, 2023, the parties agreed to settle the Litigation in return for a cash payment of $177.5 million for the benefit of the Class, subject to the negotiation of the terms of a Stipulation of Settlement and approval by the Court. The Stipulation (together with the Exhibits thereto) reflects the final and binding agreement among the Settling Parties.

WHAT DOES THE SETTLEMENT PROVIDE?

The Settlement provides that, in exchange for the release of the Released Claims (as defined in the Notice) and dismissal of the Litigation, Defendants have agreed to pay or cause to be paid $177.5 million in cash to be distributed after taxes, tax expenses, notice and claims administration expenses, and approved fees and expenses, pro rata, to Class Members who send in a valid Proof of Claim form pursuant to the Court approved Plan of Allocation. The Plan of Allocation is described in more detail on pages 11-15 of the Notice.

ADDITIONAL INFORMATION

Although the information in this website is intended to assist you, it does not replace the information contained in the Notice and Stipulation, both of which can be found and downloaded by clicking on the Case Documents tab above. We recommend that you read the Notice and other relevant case documents carefully. You may also wish to read the answers to Frequently Asked Questions provided on this website.

YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

IMPORTANT DATES AND DEADLINES