E-022-16 North Shore Endoscopy Center, Lake Bluff
In accordance with the requirements of the Illinois Health Facilities Planning Act, Notice is given of a receipt of a change of ownership of a health care facility application #E-022-16 – The Lake Bluff IL Endoscopy ASC, LLC, d/b/a North Shore Endoscopy Center. North Shore Endoscopy Center is a limited specialty ambulatory surgical treatment center located at 101 Waukegan Road, Suite 980 Lake Bluff, Illinois. The applicants are New Amethyst Corporation, AmSurg Corp., AmSurg Holdings, Inc, 1A Burton Hills Boulevard, Nashville, TN, Envision Healthcare Holdings, Inc., 6363 S. Fiddlers Green Circle 14th Floor, Greenwood Village, Colorado and The Lake Bluff IL Endoscopy ASC, LLC, d/b/a North Shore Endoscopy Center, 101 Waukegan Road, Suite 980 Lake Bluff, Illinois.
AmSurg Corp. is a publically traded Tennessee corporation. AmSurg Corp owns a controlling interest (51%) in three (3) ambulatory surgical treatment healthcare facilities in Illinois: (i)The Lake Bluff IL Endoscopy ASC, LLC, d/b/a North Shore Endoscopy Center, in Lake Bluff, Illinois (#E-022-16),(ii)Oak Lawn IL Endoscopy ASC, LLC, d/b/a Oak Lawn Endoscopy Center, in Oak Lawn Illinois (#E-023-16) and (iii) Glen Endoscopy Center, LLC, in Glenview, Illinois (#E-024-16). Envision is a publical1y traded Delaware corporation providing various health services.
Pursuant to the Merger Agreement, and contingent on State Board approval, AmSurg Corp. and Envision Health Care Holdings Inc., will merge in an all-stock transaction. First, AmSurg Corp. will merge with and into its wholly-owned Delaware subsidiary, New Amethyst Corporation, with New Amethyst Corporation as the surviving corporation. The purpose of this merger is to change AmSurg Corp.’s domicile from Tennessee to Delaware.
Envision Health Care Holdings Inc. will then merge with and into New Amethyst Corporation, with New Amethyst Corporation as the surviving corporation. Upon closing, New Amethyst Corporation will then be renamed "Envision Healthcare Corporation." Based on the share exchange ratio, Envision shareholders will receive approximately percent (53%) and AmSurg shareholders will receive approximately forty-seven percent (47%) of the equity interests in New Amethyst Corporation.
There is no monetary consideration being exchanged between the parties as part of the transaction since this is all stock transaction. The facility will continue to be owned fifty-one percent (51 %) by AmSurg Holdings, Inc. and forty-nine percent (49%) by participating physicians. There will be no change in the ownership of the facility and no change in the licensed entity.
- E-022-16 North Shore Endoscopy Center, Lake Bluff - Application
This exemption application for the change of ownership was declared complete on July 26, 2016. Written requests for a public hearing must be received by the Illinois Health Facilities and Services Review Board no later than August 10, 2016. Request for a public hearing must be sent by letter to the administrator at the address below. No emails or faxes will be accepted.