AmSurg’s Physician Services Division, Sheridan, Acquires Northside Anesthesiology Consultants, LLC
December 16 2015 - 4:05PM
Business Wire
Sheridan, the Physician Services division of AmSurg Corp.
(NASDAQ: AMSG), today announced its acquisition of Northside
Anesthesiology Consultants, LLC (NAC), which marks Sheridan’s
initial entry into the anesthesia specialty in the Atlanta,
Georgia, market, as well as the entire state. NAC has 60 physicians
providing care in the market and is the exclusive provider of
anesthesiology for Northside Hospital Healthcare System, which owns
and operates three acute care hospitals and 24 associated sites
throughout the greater Atlanta market. In addition to its physician
providers, NAC also employs 125 anesthetists, as well as other
clinical and administrative personnel.
Dr. K. Douglas Smith, Chairman of NAC, commented, “NAC has
always maintained a strong commitment to delivering high quality
care to the patients who visit our client facilities. We believe
that in AmSurg-Sheridan, NAC has found a partner that can both
reinforce our commitment to clinical excellence and enhance our
ability to grow in the marketplace. Together, we represent a
powerful combination of shared values and complementary
expertise.”
Robert Coward, President of Sheridan and Chief Development
Officer for AmSurg, added, “We are appreciative of NAC’s vote of
confidence and selection of Sheridan as its partner. In an
increasingly complex and demanding healthcare environment, we
believe Sheridan can provide NAC with vital delivery platform
components, expertise and resources, all backed by a shared,
physician-centric culture. We look forward to working with NAC’s
outstanding team to continue providing high quality care and to
expanding our new presence in this large market.”
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 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. AmSurg’s Ambulatory Services Division
acquires, develops and operates ambulatory surgery centers in
partnership with physicians throughout the U.S. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151216006167/en/
AmSurg Corp.Claire M. Gulmi, 615-665-1283Executive Vice
President andChief Financial Officer
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