Veteran Symbion exec to retire

Secretary, chief compliance officer joined surgery center chain in '96; company again reports annual losses of $20M+
Mar 20, 2012 7:11 AM

Analyst: AmSurg going nowhere for now

Cantor Fitzgerald analyst Joe France says investors shouldn't look to AmSurg for price appreciation in the near future. Initiating coverage with a 'hold' rating and a price target of $26, France says "the extent of the market's recovery is unclear" and that CEO Chris Holden and his team have their hands full integrating National Surgical Care. Shares of AmSurg (Ticker: AMSG) closed Monday trading just above $26 and are flat for the year.

Mar 13, 2012 8:41 AM

Cantor favors Vanguard, LifePoint shares over CHS

Cantor Fitzgerald analyst Joe France has launched coverage of a number of local health care names most notably hospital chain Community Health Systems, LifePoint and Vanguard. He says investors should be the latter two — Vanguard because it could be one of the industry's fastest growers and LifePoint because of its push into larger markets. When it comes to CHS, France says management's focus on integrating new acquisitions make it more of a long-term play.

Shares of all three companies are up more than 2 percent in Friday morning trading.

Mar 9, 2012 10:21 AM

AmSurg meets expectations with Q4 results

Full-year results come in above analysts' hopes excluding acquisition cost
Feb 24, 2012 7:01 AM

AmSurg board: Do a deal, get a bonus

Let's call it the "Go big or go home" clause.

The compensation committee of AmSurg has added a somewhat peculiar sweetener to the 2012 cash bonus plan for the surgery center chain's executives. In addition to the usual potential payouts — which are governed by criteria such as overall earnings and surgery center profits — CEO Chris Holden and his lieutenants stand to get extra cash "in the event the Company completes an acquisition transaction that is not subject to the bonus provisions described above, such as the acquisition of another company."

For Holden, striking a deal like his $143 million purchase last year of a Dallas-based company could fatten his wallet by up to $168,000, based on his 2011 salary. AmSurg's five other top execs would be in line to collect a total of more than $200,000.

Feb 7, 2012 7:27 AM

AmSurg insiders cash in options

Two executive vice presidents at surgery center chain AmSurg have been busy this month cashing in on thousands of stock options about to expire. CFO Claire Gulmi has booked a profit of more than $280,000 since Nov. 3 by first exercising 30,500 options and then selling the resulting shares. (Check the filings here and here.) Chief Development Officer David Manning followed a similar route, converting 12,000 options and selling the shares they turned into. (His filings are here and here.) Shares of AmSurg (Ticker: AMSG) have climbed about 20 percent in 2011.

Nov 16, 2011 7:01 AM

CMS 'simplifies' ASC rules

Always trying to make things simpler, the folks at the Centers for Medicare and Medicaid Services have amended certain rules related to ambulatory surgery centers.

The main reform in the final rule for ASCs is CMS’ announcement that ASCs will no longer be required to notify patients of their rights "in advance of the date of the procedure" but rather simply "prior to the start of the surgical procedure." The previous wording effectively prohibited an ASC from performing a surgery on the same day as the patient referral, and ASCs argued that it resulted in unnecessary scheduling inconveniences and travel issues for some patients. Now ASCs have the ability to perform same-day surgeries and still meet the patient notification requirement. CMS has also made certain technical corrections to the wording of ASC regulations that are not anticipated to have a substantive impact on ASC operations.

Nov 11, 2011 11:30 AM

Symbion slips back to loss in 3Q

Ambulatory surgery center operator recently completed $350M debt offering
Nov 11, 2011 10:20 AM

'Marginally good news' from CMS on '12 payments

Hospitals' outpatient divisions, dialysis clinics and surgery centers are in line to get small increases in their reimbursement rates under a Centers for Medicare and Medicaid Services proposal released this week. The proposed hikes range from 1.6 percent for surgery centers to 2.1 percent for dialysis providers. The question now is whether they will stick in the face of the supercommittee and other cost cutters.

Nov 2, 2011 7:34 AM

Earnings wrap: AmSurg, First Farmers

Acquired facilities boost surgery center chain, bank’s earnings up more than 20% despite weak demand
Oct 26, 2011 6:50 AM