AMSURG’s Physician Services Division – Sheridan – Acquires AllegiantMD, Inc.

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NASHVILLE, Tenn. – (July 5, 2016) – Sheridan, the Physician Services division of AMSURG Corp. (NASDAQ: AMSG), today announced the acquisition of AllegiantMD, Inc. and certain affiliated entities. AllegiantMD is the leading provider of onsite and remote-read subspecialized radiology services in the Tampa, Florida, market. AllegiantMD employs 43 radiologists serving 18 facilities, with the majority of its services provided to Hospital Corporation of America and Community Health Systems acute care hospitals.

Ellis Norsoph, MD, CEO of AllegiantMD, commented, “We are very excited to join the Sheridan team and to play an integral role in their continued growth as the nation’s premier and largest hospital based radiology provider. Through our combined development of market-changing information technologies, we plan to expand our vision of the future of radiology services throughout the national healthcare market to augment the clinical excellence of Sheridan’s other hospital based medical services.”

AllegiantMD will join Sheridan’s existing roster of over 300 Fellowship Trained, Board Certified radiologists, who cover 150 facilities across 22 states. The combination will account for almost six million radiology interpretations on an annualized basis, primarily delivered through exclusive contracts with hospitals and imaging centers. Sheridan radiologists cover all subspecialty designations with 100% U.S.-based providers and offer 24/7/365 radiology-read capabilities.

Robert Coward, President of Sheridan and Chief Development Officer for AMSURG, commented on the acquisition, “We are proud to combine with AllegiantMD and its exceptional physicians. The acquisition further extends our abilityto deliver the highest quality, most efficient and comprehensive radiology solutions to our hospitals nationwide.”

 

About AMSURG

AMSURG’s Ambulatory Services Division acquires, develops and operates ambulatory surgery centers (ASCs) in partnership with physicians throughout the U.S. AMSURG’s Physician Services Division, Sheridan (which includes its affiliates), provides outsourced physician services in multiple specialties to hospitals, ASCs and other healthcare facilities throughout the U.S., primarily in the areas of anesthesiology, radiology, children’s services and emergency medicine. Through these businesses as of March 31, 2016, AMSURG owned and operated 256 ASCs and one surgical hospital in 34 states and the District of Columbia and provided physician services to more than 450 healthcare facilities in 29 states. AMSURG has partnerships with, or employs, over 5,000 physicians and other healthcare professionals in 38 states and the District of Columbia.