M&A Deal Summary

AmSurg Acquires Sheridan Healthcare

On May 29, 2014, AmSurg Corp. acquired healthcare services company Sheridan Healthcare, Inc. from Hellman & Friedman for 2.4B USD

Acquisition Highlights
  • This is AmSurg’s 2nd transaction in the Healthcare Services sector.
  • This is AmSurg’s 1st largest (disclosed) transaction.
  • This is AmSurg’s 2nd transaction in the United States.
  • This is AmSurg’s 1st transaction in Florida.

M&A Deal Summary

Date 2014-05-29
Target Sheridan Healthcare, Inc.
Sector Healthcare Services
Buyer(s) AmSurg Corp.
Sellers(s) Hellman & Friedman
Deal Type Add-on Acquisition
Deal Value 2.4B USD
Advisor(s) Credit Suisse Investment Banking
Goldman Sachs Investment Banking Division (Financial)
Simpson Thacher & Bartlett LLP (Legal)

Target

Sheridan Healthcare, Inc.

Sunrise, Florida, United States
website
Sheridan Healthcare, Inc. is a multi-specialty physician practice management company that provides outsourced physician staffing services to hospitals and ambulatory surgery centers.

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Buyer(S) 1

Buyer

AmSurg Corp.

Nashville, Tennessee, United States

website


Category Company
Founded 1992
SectorHealthcare Services
Employees9,000
Revenue 2.6B USD (2015)
DESCRIPTION
Entrance to AmSurg's corporate headquarters in Nashville, Tennessee.
Entrance to AmSurg's corporate headquarters in Nashville, Tennessee.

AmSurg Corp. acquires, develops, and operates ambulatory surgery centers (ASC) in partnership with physicians in the United States. AmSurg was formed in 1992 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 2 of 3
Sector (Healthcare Services) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Florida) 1 of 1
Country (United States) 2 of 3
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-07 National Surgical Care, Inc.

Dallas, Texas, United States

National Surgical Care, Inc. is a provide of non-emergency surgical procedures across a broad range of specialties including orthopedics/spine, ophthalmology, pain management, gastroenterology and otolaryngology. The Company operates these centers in partnership with 407 leading physicians around the United States. NSC has developed an operating model that makes it an attractive partner for physicians.

Buy $174M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Fidere Anesthesia Consultants, Inc.

Mountain View, California, United States

Fidere Anesthesia Consultants, Inc. is comprised of 38 physicians covering seven facilities. It delivers both inpatient and outpatient anesthesia services for the El Camino Hospital System, as well as a number of ambulatory surgery centers, based in Silicon Valley.

Buy -

Seller(S) 1

SELLER

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 50.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman (H&F) is the largest private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.


DEAL STATS #
Overall 37 of 59
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 9 of 13
State (Florida) 2 of 3
Country (United States) 27 of 44
Year (2014) 5 of 6
Size (of disclosed) 9 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 Renaissance Learning, Inc.

Wisconsin Rapids, Wisconsin, United States

Renaissance is a provider of technology-based school improvement and student assessment programs for pre-kindergarten through to senior high (pre-K-12, aged 5-18) schools and districts. The company's products and services, currently adopted by more than 70,000 schools, are primarily focused on two curriculum areas: reading and mathematics. Renaissance was formed in 1986 and is based in Wisconsin Rapids, Wisconsin.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 MH Sub I LLC

El Segundo, California, United States

Internet Brands is an internet media company that owns and operates online media, community, and e-commerce websites in vertical markets. Internet Brands was originally established as CarsDirect.com in 1998 and is based in El Segundo, California.

Sell -