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AmSurg: Two Great Businesses In One Company

AmSurg Corp. (NASDAQ:AMSG) is a leading operator of ambulatory surgery centers (ASCs) and provider of outsourced physician services. The firm began as a specialty ASCs operator for gastroenterology and ophthalmology, diversified into the multi-specialty ASCs market, and recently entered the outsourced physicians market via its $2.35B acquisition of Sheridan Healthcare from PE firm, Hellman & Friedman, last year. We remain optimistic on the physician outsourcing sector and look for Sheridan's integration to drive…