Team Health Stock Surges After Rejecting AmSurg Bid – ValueWalk Premium
Team Health
20Oct2015

Team Health Stock Surges After Rejecting AmSurg Bid

On Tuesday, AmSurg unveiled a proposal to buy Team Health Holdings in a stock and cash transaction worth about $5.17 billion to enhance its efforts to gain scale amid a wave of consolidation in the health-care industry.

Reacting to the latest development, Team Health shares jumped about 22% to $64 during early market trading.

AmSurg’s offer to acquire Team Health at 36% premium
AmSurg, a provider of outsourced physician services to hospitals and others,

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Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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