Envision Physician Services, which is owned by Envision Healthcare, recently lost its contractual relationship with several New York hospital clients, resulting in a negative financial impact for the physician staffing firm.
The layoffs also follow Envision Healthcare receiving a corporate credit rating downgrade from Moody’s Investor Service, which warned in late 2022 Envision could file for bankruptcy or restructure, the report said.
The laid-off employees were not represented by a union and include physicians, nurse practitioners and physician assistants.
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