AmSurg Proposes Merger with TeamHealth to Create the Market Leader in Physician Services
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Jefferies Reiterates Buy on TeamHealth Holdings (TMH) Following AmSurg Corp's (AMSG) Unsolicited Acquisition Offer
October 21, 2015 8:53 AM EDTJefferies reiterated a Buy rating and $80.00 price target on Team Health (NYSE: TMH) following AmSurg Corp's (NASDAQ: AMSG) unsolicited offer to acquire the company for $11.49 of cash and 0.768 AMSG shares, which values Team Health right under $70/share as of... More
TeamHealth Holdings (TMH) Halted, News Pending
October 20, 2015 11:12 AM EDTTeamHealth Holdings (NYSE: TMH) Halted, News Pending
... MoreAmSurg (AMSG) Prelim. Q3 Results Outpace Expectations
October 20, 2015 7:05 AM EDTAmSurg (NASDAQ: AMSG) announced preliminary financial results for the third quarter ended September 30, 2015.
Based on preliminary unaudited information, AmSurg expects revenues for the third quarter of 2015 to be approximately $650.2 million compared to $502.4 million for the third quarter of 2014. Net earnings from continuing operations attributable to AmSurg common shareholders is expected to be approximately $40.4 million compared to a net loss of $12.1 million for the comparable prior-year period. Adjusted net earnings for the third quarter of 2015 is expected to be approximately $53.0 million compared to $34.6 million for the... More
AmSurg (AMSG) Proposes ~$7.8B Merger with TeamHealth (TMH)
October 20, 2015 7:03 AM EDTAmSurg (NASDAQ: AMSG) announced a proposal to combine with TeamHealth Holdings, Inc. (NYSE: TMH) in a stock-and-cash merger at a fixed exchange ratio of 0.768x AmSurg shares per TeamHealth share, which will result in pro forma 50/50 ownership of the combined company. TeamHealth shareholders also will receive cash consideration of $11.49 per share. The proposal has a total current value of $71.47 per TeamHealth share, or a total enterprise value of $7.8 billion, based on AmSurgs closing stock price yesterday. This represents a current premium of 36% to TeamHealth shareholders.
Christopher A. Holden,... More
