Interested in finding out the terms (and goodies) AmSurg is getting from Eakin Partners to relocate its headquarters to the new 110,000-square-foot Burton Hills VI building for at least 15 years? They're all listed here, led by the $20.75-per-square-foot lease rate — some space in the nearby Burton Hills II is listed for $27.50 — and an allowance of almost $4.4 million for AmSurg to use on fees and amenities. AmSurg (Ticker: AMSG) is scheduled to move into its new space on March 1, 2015.
Burton Hills-based AmSurg has signed a deal to acquire a majority stake in a surgery center on the north side of Chicago for almost $8 million. Illinois regulators still need to approve the acquisition, news of which is coming to light a month after AmSurg paid $6.2 million for a majority stake in an undisclosed center. (Search the company's recent 10-Q for "July 2012.")
The doctors have agreed not to work for a competing surgical center for five years after the transaction closes, or two years after they sell their remaining ownership interests, according to the letter of intent.
Claire Gulmi, CFO of surgery center chain AmSurg, has exercised more than 56,000 options that were set to expire in early 2014. Her gain on the transactions tops $340,000. Gulmi two months ago made a similar move that generated more than $800,000 in profits.
POSTDATA: WARRANTY DEEDS