AmSurg (AMSG) Said to Bid $71.47/Share for Team Health (TMH)
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(Updated - October 20, 2015 6:51 AM EDT)
AmSurg (Nasdaq: AMSG) said to bid $71.47 per share for Team Health Holdings (NYSE: TMH), according to the WSJ.
UPDATE -
According to the report, AmSurg CEO Chris Holden sent a letter to Team Health's board on October 12th. At $71.47 per share, the total value of the transaction is over $5 billion.
Team Health is said to have rebuffed the offer and AmSurg is now about to go public with the proposal.
The merged company would have a 50-50 split of ownership, according to the letter sent by Holden.
In August, Team Health moved to acquire IPC Healthcare in a deal valued around $1.4 billion.
Team Health and AmSurg are flat in early trading Tuesday.
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