NASHVILLE, Tenn. – (December 7, 2015) – 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.”
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.