Surgery center operator Amsurg Corp said it would purchase Sheridan Healthcare from private equity firm Hellman & Friedman in a cash and stock deal valued at about $2.35 billion to enter the outsourced physician services market. The acquisition is expected to immediately add to Amsurg's adjusted earnings and cash flow, the company said in a statement.
AmSurg Corp. is the owner and operator of short stay ambulatory surgery centers (ASCs) in the United States. Shares of AMSG fell by 0.37% or $-0.16/share to $42.80. In the past year, the shares have traded as low as $34.12 and as high as $49.84. On average, 132116 shares of AMSG exchange hands on a given day and today's volume is recorded at 93476.
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