AmSurg Makes Concurrent Public Offerings of 10M in Stock to Finance $2.35B Sheridan Deal
Street Insider report.
The convertible stock, set to covert to common stock in July 2017, is being sold at $100 per share, according to a Nashville Post report.
AmSurg intends to use the proceeds from the two public offerings, as well as cash and debt financing, to bank roll its $2.35 billion acquisition of Sheridan Healthcare.
As of Tuesday afternoon, AmSurg shares were down 2 percent to $48.96, but year-to-date the shares are up nearly 7 percent, according to the Nashville Post report.
More Articles on Transactions and Valuation Issues:
14 ASC Industry Acquisition Agreements in 2014
How to Increase the Value of Your ASC
Medical Facilities Corporation Announces June Dividend
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New from Becker's ASC Review