Envision Healthcare and AmSurg are discussing a pending deal which would create a more than $9 billion entity, according to Wall Street Journal.
Here are eight things to know:
1. A source familiar with the merger matter said the companies may announce a deal as early as next week, and AmSurg and Envision are in the advanced discussion stages.
2. The deal is not set in stone as the discussions could fade before both companies reach an agreement.
3. On June 8, Greenwood Village, Colo.-based Envision Healthcare had a market cap of $4.8 billion. In 2015, the physician services company agreed to purchase Rural/Metro, a privately-held ambulance and fire-protection company, for $620 million.
4. Nashville, Tenn.-based AmSurg presently has a market cap of $4.3 billion.
5. In 2015, AmSurg expanded its services in anesthesiology, radiology and emergency medicine through acquiring several practices. AmSurg acquired Radisphere in January 2015, and went on to acquire its second radiology group, Radiology Associates of Hollywood in March.
6. AmSurg acquired four anesthesiology practices last year including Halifax Anesthesiology Associates, Coastal Anesthesia Consultant, Bay Area Anesthesia and Valley Anesthesiology & Pain Consultants. The company also acquired Premier Emergency Medical Specialists in December.
7. In March 2016, AmSurg acquired Jandee Anesthesiology Partners and Karadan Anesthesiology and Pain Management. AmSurg acquired Jacksonville-based North Florida Anesthesia Consultants, a practice comprised of more than 70 physicians, certified registered nurse anesthetists and anesthesiologist assistants in April.
8. During the first quarter of 2016, AmSurg had revenues reaching $724.7 million, a 27 percent increase from $570.4 million for the same quarter of 2015.At the end of the quarter, AmSurg had six ASCs under letter of intent and one center under development. The center is expected to open later this year.