AmSurg (AMSG) Prelim. Q3 Results Outpace Expectations

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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 EDT

Jefferies 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

AmSurg (AMSG) Proposes ~$7.8B Merger with TeamHealth (TMH)

October 20, 2015 7:03 AM EDT

AmSurg (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

AmSurg (AMSG) Said to Bid $71.47/Share for Team Health (TMH)

October 20, 2015 6:37 AM EDT

(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... More