AmSurg offering nearly 10M shares to finance Sheridan deal

AmSurg Corp. has announced the offering of 8.5 million shares of common stock and 1.25 million shares set to convert into common stock in July 2017. The convertible stock has an offering price of $100 per share, while shares of AmSurg (Ticker: AMSG) are down 2 percent to $48.96 Tuesday afternoon. Year to date, they're up nearly 7 percent. According to a press release, AmSurg will use the proceeds, alongside debt financing and cash, to finance the company's acquisition of Sheridan Healthcare, a Florida-based anesthesia and specialty services company.

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