PhyMed buys Hendersonville doctor group

Practice management roll-up recently overhauled executive suite
Nov 20, 2015 7:09 AM

AmSurg, Diversicare buy in Arizona, Kentucky

Hours after abandoning its audacious bid to buy TeamHealth, AmSurg has announced that its physician services division is acquiring a large anesthesiology practice in Phoenix. Valley Anesthesiology & Pain Consultants is home to about 280 doctors and allied care providers and works at 21 hospitals, 25 surgery centers and a number of doctors' offices in the Phoenix market.

Also still on the M&A path is long-term care provider Diversicare. The Brentwood-based company has paid $3.9 million for a 60-bed skilled nursing center in Fulton, Kentucky. The deal grows Diversicare's holdings to 12 in Kentucky and 55 in total.

Nov 3, 2015 8:43 AM

AmSurg ends bid to buy TeamHealth

Knoxville company had rebuffed higher offer; AmSurg shares climb to near pre-offer level
Nov 2, 2015 2:10 PM

AmSurg hikes TeamHealth bid, sets ultimatum

Offer with extra cash expires tomorrow; Holden says several TeamHealth investors support plan
Nov 2, 2015 7:33 AM

AmSurg proposal overshadowing earnings beat

AmSurg's headline-grabbing proposal to acquire Knoxville-based TeamHealth overshadowed its strong third-quarter earnings preview, said Avondale Partners analyst Paula Torch in a report late Tuesday.

The company beat analysts' expectations by a wide margin, posting estimated revenues for the third quarter of $650 million compared to $502 million the year prior. Adjusted net earnings were estimated to be $53.0 million compared to $34.6 million in the third quarter of last year. Adjusted earnings per diluted share are expected to be $1.03, compared to 69 cents.

"Given AMSG's stock is currently trading down 5 percent, we believe the merger proposal is overshadowing a strong earnings beat in 3Q," Torch wrote in her report.

AmSurg took its proposal to buy TeamHealth for $7.8 billion public Tuesday. TeamHealth rejected the plan, saying it undervalues the company. AmSurg shares (Ticker: AMSG) closed Tuesday trading down 4 percent at $74.88.

Oct 21, 2015 7:15 AM

TeamHealth officially rejects AmSurg offer

Local firm's stock off nearly 5%; CEO Holden targets first-mover advantage
Oct 20, 2015 12:42 PM

PhyMed names new CFO

Recently appointed Comprehensive Pharmacy CFO transitions to anesthesia company
Oct 20, 2015 12:16 PM

AmSurg aims for $7.8B TeamHealth deal

Board of Knoxville company — itself wrapping up $1.6B acquisition — turned away recent interest
Oct 20, 2015 7:27 AM

S&P adds AmSurg to mid-cap index

Surgery and physician services company AmSurg is moving up the ranks of Standard & Poor's. The stock index compilers on Wednesday said the Burton Hills-based company will jump from the SmallCap 600 to the MidCap 400 on the afternoon of Oct. 14. Shares of AmSurg (Ticker: AMSG) rose more than 1 percent after hours Wednesday, adding to the nearly 3 percent gain from the regular session. Year to date, they're up almost 50 percent.

Oct 8, 2015 7:24 AM

PhyMed adds M&A exec

SVP helped build Symbion, Vanguard networks
Sep 16, 2015 11:34 AM