Both companies help place doctors in surgical centers and hospitals. Amsurg operates in 34 states and is the largest operator of ambulatory surgery centers in the US. The surgery center business is growing and merging as well as the urgent care business in the US. Urgent care and surgeries sure seem to being moved out of hospitals over the last few years. You also have health insurer United Health busy in this industry as well with buying up either entire entities or controlling interests in surgical centers as well their urgent care center expansion.
Ownership or 51% Controlling Interest in 130 surgical center Physicians With Beach Surgical Holdings, Another Subsidiary
So we have more outsourcing of physicians on the agenda and Sheridan employs more than 2400 physicians in 25 states. Amsurg is publicly traded company while Sheridan was not so here we go again with what appears to be attempts to not only merge business models but maybe raise stock values as well. BD
“Sheridan Healthcare is the single source solution for providing comprehensive physician services in anesthesiology, emergency medicine, neonatology and radiology.
Our strength lies in the long-term relationships we have established with our hospital partners and our medical and professional staff. Our provider and client retention rates are among the industry's highest, providing stability for our clients' programs and strengthening our reputation for meeting and exceeding our clients' needs.”
Partnering with more than 1,800 physicians at more than 235 outpatient surgery centers across
the United States, AmSurg is the nationally recognized leader in the development, management and operation of outpatient surgery centers.
AmSurg surgery centers provide high quality, low cost surgical services with superior patient satisfaction.
We believe in empowering our physician partners to achieve their professional and personal goals by providing innovative operational, clinical and strategic services
Health-care facility operator Amsurg Corp. AMSG +6.87% has reached a deal to buy physician-outsourcing service provider Sheridan Healthcare Inc. in a cash-and-stock transaction valued at about $2.35 billion, the companies said Thursday.
The combined entity will have a total market of about $70 billion and will encompass more than 4,600 physician relationships in 38 states, they said. The deal is expected to close during the third quarter.
Amsurg buys, develops and operates ambulatory surgery centers, recently owning and operating 242 such centers in the U.S. Sheridan, likewise, outsources physician services to hospitals and other health-care facilities in 25 states, employing more than 2,400 doctors and health-care professionals.
"With the addition of Sheridan, we will be significantly diversified and differentiated—holding leadership positions in outsourced physician services for anesthesia, children's services, emergency medicine services and radiology while retaining our standing as a leading owner of free-standing ambulatory surgery centers," Amsurg Chief Executive Christopher A. Holden said in a news release. "This will be a combination unlike any other in the marketplace today."
http://online.wsj.com/articles/amsurg-to-buy-sheridan-healthcare-for-2-35-billion-1401361067
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