Here are four things to know about AmSurg’s proposal.
1. AmSurg is now offering an additional $4 in cash per TeamHealth share, according to the report.
2. The proposal offers 0.768 AmSurg shares plus $15.49 in cash for each TeamHealth share. The new offer is valued at $7.6 billion.
3. AmSurg has given TeamHealth until Nov. 3 to engage. If TeamHealth declines to do so, the offer will be withdrawn.
4. “After meeting with the majority of both companies’ shareholders over the past two weeks, it is clear that they are supportive of the proposed merger and agree that the time to move forward with this combination is now,” said AmSurg president and CEO Christopher Holden. “We hope the TeamHealth board will give this bold opportunity the serious consideration it deserves and will take into account input from TeamHealth shareholders. We look forward to engaging with the TeamHealth board promptly.”
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