AmSurg’s Physician Services Division, Sheridan, Acquires Premier Emergency Medical Specialists
December 07 2015 - 4:05PM
Business Wire
Sheridan, the Physician Services division of AmSurg Corp.
(NASDAQ: AMSG), today announced its acquisition of Premier
Emergency Medical Specialists (PEMS), which marks Sheridan’s
initial entry into the emergency medicine specialty in the Phoenix
market and further strengthens AmSurg’s overall presence in
Arizona. PEMS has 49 physicians providing care in the market and is
the exclusive provider of emergency services for two Dignity Health
hospitals – Chandler Regional Medical Center and Mercy Gilbert
Medical Center.
Dr. Evan Leibner, President and Chief Executive Officer of PEMS,
commented, “Premier has a long history of delivering high quality
care to the patients who visit our hospital client emergency rooms.
We believe that by combining forces with AmSurg-Sheridan, PEMS has
found a partner who shares our longstanding commitment to clinical
excellence. AmSurg-Sheridan’s presence in the greater Phoenix
market is complementary to ours, and their commitment to help us
grow and enhance our platform is exciting for the future of our
organization. They share and will help us maintain our
physician-centric culture, and we believe we are now much better
positioned for growth and the evolution of healthcare.”
Robert Coward, President of Sheridan and Chief Development
Officer for AmSurg, added, “We are appreciative of this group’s
vote of confidence in our operations and our growing Arizona
presence. The PEMS emergency group will be the third
AmSurg-Sheridan hospital-based specialty in Arizona, joining
Sheridan’s existing anesthesia and neonatal hospital practices. Our
three specialty practices combined serve over 50 Arizona hospitals
and ambulatory surgery centers, and we expect to continue growing
our Arizona network in the years ahead. This acquisition is part of
our ongoing effort to identify and develop relationships with
providers in AmSurg Ambulatory Services’ core markets who share
Sheridan’s commitment to best practices and can benefit from our
infrastructure and expertise.”
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws, including statements
related to the expected use of the net proceeds therefrom, which
are based on current expectations, forecasts and assumptions that
involve risks and uncertainties that could cause actual outcomes
and results to differ materially. Forward-looking statements relate
to expectations, beliefs, projections, future plans and strategies,
anticipated events or trends and similar expressions concerning
matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as “may,” “will,” “should,” “expects,” “intends,”
“plans,” “anticipates,” “believes,” “estimates,” or “predicts,” or
the negative of these words or phrases or similar words or phrases,
which are predictions of or indicate future events or trends and
which do not relate solely to historical matters. While
forward-looking statements reflect AmSurg’s good faith beliefs,
assumptions and expectations, they are not guarantees of future
performance. Furthermore, AmSurg disclaims any obligation to
publicly update or revise any forward-looking statement to reflect
changes in underlying assumptions or factors, of new information,
data or methods, future events or other changes. These
forward-looking statements are based on a variety of assumptions
that may not be realized and that are subject to significant risks
and uncertainties, including that the acquisitions may not be
consummated and that the anticipated financial and strategic
benefits of the acquisitions may not be realized, as well as risks
and uncertainties referenced from time to time in the Company’s
filings with the SEC.
About AmSurg and Sheridan
AmSurg’s Ambulatory Services Division acquires, develops and
operates ambulatory surgery centers in partnership with physicians
throughout the U.S. AmSurg’s Physician Services Division, Sheridan,
provides outsourced physician services in multiple specialties to
hospitals, ASCs and other healthcare facilities throughout the
U.S., primarily in the areas of anesthesiology, children’s
services, emergency medicine and radiology. Through these
businesses, as of September 30, 2015, AmSurg owned and operated 253
ASCs and one surgical hospital in 34 states and provided physician
services to more than 360 healthcare facilities in 27 states.
AmSurg has partnerships with, or employs, over 5,000 physicians in
38 states and the District of Columbia.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151207006315/en/
AmSurg Corp.Claire M. Gulmi, 615-665-1283Executive Vice
President and Chief Financial Officer
Amsurg Corp. (NASDAQ:AMSG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Amsurg Corp. (NASDAQ:AMSG)
Historical Stock Chart
From Apr 2023 to Apr 2024