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, said in a statement Tuesday that its offer to buy Team Health Holdings Inc. represents a premium of 36% to Team Health shareholders, who would get a cash…