NASHVILLE, Tenn. – (December 16, 2015) – 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.”
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.