TeamHealth Confirms Receipt of Revised, Unsolicited Proposal from AmSurg

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AmSurg (AMSG) Withdraws Proposal for TeamHealth (TMH) Merger

November 2, 2015 3:40 PM EST

(Updated - November 2, 2015 3:41 PM EST)

AmSurg Corp. (Nasdaq: AMSG) today announced that it has withdrawn its increased proposal to combine with Team Health Holdings, Inc. (NYSE: TMH) in a cash-and-stock merger, in light of the decision by the TeamHealth Board of Directors not to engage in discussions with AmSurg.

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TeamHealth Holdings (TMH) Rejects AmSurg's (AMSG) Revised Proposal

November 2, 2015 9:53 AM EST

TeamHealth Holdings (NYSE: TMH) confirmed that it received a revised, unsolicited proposal from AmSurg Corp. ("AmSurg") (Nasdaq: AMSG) to combine in a stock-and-cash merger at a fixed exchange ratio of 0.768 AmSurg shares per TeamHealth share (the "Revised Proposal"). Under the Revised Proposal, TeamHealth stockholders would also receive cash... More