Profile: Amsurg Corporation (AMSG.O)

AmSurg Corp (ASC) is engaged in developing, acquiring and operating ambulatory surgery centers, or ASCs, in partnership with physicians throughout the United States. During the year ended December 31, 2008, the Company owned a majority interest in 189 surgery centers in 32 states and the District of Columbia and three centers under development. The Company operates both single-specialty and multi-specialty ASCs. Its single-specialty ASCs are equipped and staffed for a single medical specialty. The Company focuses on single-specialty ASCs that perform gastrointestinal endoscopy, ophthalmology and orthopaedic procedures.

The size of ASC’s typical single-specialty ASC is approximately 3,000 to 6,000 square feet. The size of its typical multi-specialty ASC is approximately 5,000 to 10,000 square feet. Each center typically has two to three operating or procedure rooms with areas for reception, preparation, recovery and administration. Each surgery center is specifically tailored to meet the needs of its physician partners. Its surgery centers perform an average of approximately 6,000 procedures per year, though there is a range among centers of approximately 1,200 procedures per year to 29,000 procedures per year. During the year ended December 31, 2008, 132 of its centers performed gastrointestinal endoscopy procedures, 36 centers performed ophthalmology surgery procedures, 15 centers were multi-specialty centers and six centers performed orthopaedic procedures.