Envision Healthcare announced its $250 million stock repurchase program Sept. 18.
Here's what you should know:
1. Envision is attempting to "return capital" to its shareholders. The company said in a release the repurchase program is a reflection of the company's success around the rationalization of its service offerings.
2. Envision' President and CEO Christopher Holden said the board and management team are focused on "reshaping the business to advance our physician-centric strategy." To do this, Envision created a new COO and executive vice president position.
3. Envision can acquire up to $250 million of its common stock. The $250 million is four percent of Envision's market cap. The program can be halted at any time. The program has no time limit.