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Stock Market & Financial Investment News

News Breaks
May 29, 2014
06:03 EDTAMSGAmSurg to acquire Sheridan Healthcare for $2.35B
AMSURG and Sheridan Healthcare, a portfolio company of Hellman & Friedman, announced that their respective boards have unanimously approved a definitive agreement under which AMSURG will acquire Sheridan Healthcare in a cash and stock transaction valued at approximately $2.35B. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the third quarter. The combined company will have a total addressable market of approximately $70B and will encompass more than 4,600 physician relationships across 38 states. The transaction is valued at $2.35B and will be funded via fully committed financing from Citi and the expected issuance to Sheridan’s equity holders of AMSURG equity currently valued at approximately $615M. The transaction is expected to close in the third quarter and is subject to, among other things, the expiration or termination of the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, as well as other customary closing conditions. Citi is serving as financial advisor to AMSURG and Bass, Berry & Sims PLC is providing legal counsel. Barclays, Credit Suisse and Goldman, Sachs & Co. are serving as financial advisors to Sheridan and Simpson Thacher & Bartlett LLP is providing legal counsel.
News For AMSG From The Last 14 Days
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November 18, 2014
07:21 EDTAMSGUBS to hold a field trip
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November 14, 2014
11:43 EDTAMSGAmSurg management to meet with SunTrust
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November 11, 2014
09:22 EDTAMSGAmSurg 4.5M share Spot Secondary priced at $50.60
Goldman acted as sole book running manager for the offering.
November 10, 2014
16:31 EDTAMSGAmSurg files to sell 4.5M shares of common stock for shareholders
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