Symbion’s Wi-Fi workplace
Posted on November 17, 2009 at 9:57 amThe local surgery center chain has invested in a wireless network developed by California-based Xirrus.
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Symbion’s strategy
Posted on November 13, 2009 at 2:36 pmThe ambulatory surgery center company discussed its plans for improving its sluggish performance on today’s third-quarter conference call, after posting a Q3 loss. A new purchasing agreement should help with cost management, while a heavier focus on physician recruitment and service line development is aimed at growing same-store revenues.
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HMS prepping new EMR product
Posted on October 14, 2009 at 9:37 am
Nashville-based clinical software shop Healthcare Management Systems says it will soon roll out an electronic medical record aimed specifically at outpatient facilities and doctor practices.
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AmSurg director sells block of stock
Posted on September 9, 2009 at 9:27 amHenry Herr on Friday unloaded more than $300,000 worth of shares in the surgery center operator (Ticker: AMSG) as part of an arranged trading plan.
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AmSurg’s balance-sheet shuffle
Posted on August 11, 2009 at 6:43 amThe surgery center operator said it incorrectly applied a new accounting rule governing minority stakes in joint ventures. The rule, which went into effect at the start of this year, requires AmSurg (Ticker: AMSG) break out the equity held by other parties in its joint ventures and affects about $3 million. See the amended numbers here.
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BofA launches coverage of health care names
Posted on June 17, 2009 at 9:39 amAnalysts at Bank of America have begun tracking a number of Middle Tennessee health care companies with mostly favorable ratings. Getting ‘buy’ recommendations are Community Health and Psych Solutions. Rated ‘neutral’ for now are Brookdale and LifePoint. The only local ‘underperform’ in BofA’s crop is AmSurg. With the exception of Brookdale, the companies’ stocks are flat or higher this morning.
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Tax provision adds to Symbion losses
Posted on April 1, 2009 at 6:56 amThe surgery center operator posted fourth-quarter operating profits of $15.8 million – search for quarterly results of operations’ in the link – but a provision for income taxes that was almost as large produced a sixth consecutive quarter of red ink on the bottom line. The total losses in 2008: $20.8 million.
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Zacks bumps AmSurg to ‘buy’
Posted on March 16, 2009 at 3:20 pmSenior analyst Chris Kallos says the surgery center company has been oversold amid the nervousness over Medicare payments and other health care reform talk. His new price target is $20, more than 20 percent above where the shares (Ticker: AMSG) closed this afternoon.
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Stifel upgrades AmSurg
Posted on March 11, 2009 at 9:12 amAnalyst Robert Hawkins has lifted his rating on the surgery center operator from ‘hold’ to ‘buy.’ Even after morning’s six-percent jump, his $22 price target for the shares (Ticker: AMSG) leaves about 40 percent of upside.
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AmSurg inks coding, EHR software deal
Posted on March 10, 2009 at 10:55 amThe Nashville-based surgery center operator (Ticker: AMSG) has signed an agreement with a division of publishing and technology giant Wolters Kluwer to use its software for surgery coding and electronic health records.
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Browsing AmSurg’s 10-K
Posted on February 26, 2009 at 9:56 pmA few quick notes from the annual report filed Thursday by surgery center operator AmSurg:
- The company has acquired three surgery centers (but announced none of them) for a total of $16.5 million. Company execs, who snapped up 40 centers in ‘07 and ‘08, have said in recent months that they see opportunities in a market with far fewer potential buyers.
- The company’s buyback program has spent $12.4 million of the $25 million allotted to it in September and offset the impact of all 2008 stock option exercises. The average price of the shares bought back (Ticker: AMSG) was $24, 60 percent above Thursday’s close.
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Raise for AmSurg CEO
Posted on February 5, 2009 at 6:06 pmThe surgery center operator has renewed its top execs’ job contracts. CEO Chris Holden’s base salary is rising 7.5 percent this year to $537,500. CFO Claire Gulmi and EVP David Manning get an extra 4.5 percent. (Check the exhibits for the contracts.)
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Baird: Upside in AmSurg
Posted on January 30, 2009 at 10:53 amRobert W. Baird has begun covering shares of Nashville-based surgery center company AmSurg with a ‘neutral’ rating and a $27 price target. Now trading around $20, AmSurg (Ticker: AMSG) is down about a quarter since the summer.
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AmSurg taps Parthenon for Web work
Posted on December 16, 2008 at 3:44 pmAmSurg has teamed up with Parthenon Publishing to revamp the Web sites of its 180 surgery centers around the country.
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Come again?
Posted on December 12, 2008 at 10:32 amTSC Ratings cites AmSurg’s successful management, strong margins, solid track record of growth and reasonable debt levels, but downgrades the stock (Ticker: AMSG) because, uh, well, the stock price has fallen.
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