Deals
AmSurg Withdraws Bid for Team Health After Rejection of Talks
- Team Health rejected latest proposal on Oct. 30, AmSurg says
- AmSurg withdraws offer ahead of Tuesday 4 p.m. dealine
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AmSurg Corp. pulled its offer of $7.6 billion, including debt, for contract-physician supplier Team Health Holdings Inc. after the company declined to enter merger talks.
AmSurg, based in Nashville, Tennessee, had said earlier Monday it would withdraw its Oct. 24 proposal if Team Health hadn’t engaged in talks by Tuesday at 4 p.m. New York time.