UPDATE: AmSurg Proposes Merger with TeamHealth Valued at $71.47/Share

AmSurg Corp. AMSG today announced a proposal to combine with Team Health Holdings, Inc. TMH in a stock-and-cash merger at a fixed exchange ratio of 0.768x AmSurg shares per TeamHealth share, which will result in pro forma 50/50 ownership of the combined company. TeamHealth shareholders also will receive cash consideration of $11.49 per share. The proposal has a total current value of $71.47 per TeamHealth share, or a total enterprise value of $7.8 billion, based on AmSurg's closing stock price yesterday. This represents a current premium of 36% to TeamHealth shareholders. Christopher A. Holden, President and Chief Executive Officer of AmSurg, said, "Our proposed combination will be transformational for both AmSurg and TeamHealth See full press release