AmSurg Nabs Rival Surgery Center Operator For $174M

Law360, New York (April 7, 2011, 6:58 PM EDT) -- AmSurg Corp. said Thursday it will buy outpatient surgery center operator National Surgical Care Inc. for $173.5 million, boosting AmSurg's network of ambulatory surgery sites by 18 as part of its goal to acquire up to 20 new centers in 2011.

AmSurg, based in Nashville, Tenn., said it plans to fund the transaction, expected to close in the second quarter of 2011 and still subject to regulatory approval and other closing conditions, with available cash and loans. It has already exercised the "accordion feature" on its...
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