Amsurg to expand into physician services with $2.35 bln deal

Thu May 29, 2014 6:14am EDT

May 29 (Reuters) - Surgery center operator Amsurg Corp said it would buy Sheridan Healthcare from private equity firm Hellman & Friedman in a cash and stock deal valued at about $2.35 billion to enter the outsourced physician services market.

The acquisition is expected to immediately add to Amsurg's adjusted earnings and cash flow, the company said in a statement.

The deal is expected to close in the third quarter of 2014. (Reporting by Esha Dey in Bangalore; Editing by Saumyadeb Chakrabarty)

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