Deals
Team Health Rejects AmSurg's $5.17 Billion Takeover Offer
- AmSurg took offer public after meeting between companies
- Deal would combine staffing, surgical center operations
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Team Health Holdings Inc. rejected a $5.17 billion takeover offer from AmSurg Corp. to combine the contract-physician supplier with the surgery center and operations company, saying the proposal was too low.
The unsolicited cash-and-stock proposal would create the fifth-largest U.S. publicly traded health-services company. It values Team Health at $71.47 a share, based on AmSurg’s closing stock price on Monday, AmSurg said in a statement. The offer represents a premium of 36 percent to Team Health shareholders, who would get a cash consideration of $11.49 per share, AmSurg said.