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Amsurg Previews Preliminary Financial Results FOR THE THIRD QUARTER OF 2015

The following excerpt is from the company's SEC filing.

AmSurg Corp. (AmSurg) (NASDAQ: AMSG) today announced preliminary financial results for the third quarter ended September 30, 2015.

Based on preliminary unaudited information, AmSurg expects revenues for the third quarter of 2015 to be approximately $650.2 million compared to $502.4 million for the third quarter of 2014. Net earnings from continuing operations attributable to AmSurg common shareholders is expected to be approximately $40.4 million compared to a net loss of $12.1 million for the comparable prior-year period. Adjusted net earnings for the third quarter of 2015 is expected to be approximately $53.0 million compared to $34.6 million for the third quarter of 2014. Net earnings per diluted share from continuing operations attributable to AmSurg common shareholders is anticipated to be approximately $0.83 for the third quarter of 2015 compared to a net loss of $0.23 for the third quarter of the previous year. For the third quarter of 2015, adjusted net earnings per diluted share is expected to be approximately $1.03 compared to $0.69 for the third quarter of 2014. Adjusted EBITDA is anticipated to be approximately $133.2 million for the 2015 third quarter compared to $95.9 million for the 2014 third quarter.

See page 4 for a reconciliation of all GAAP and non-GAAP financial results.

AmSurg anticipates Ambulatory Services same-center revenue growth to be 6.6% and Physician Services same-contract revenue growth to be 10.1% for the third quarter of 2015. Net cash flows from operations, less distributions to noncontrolling interests, are expected to be approximately $118.7 million for the third quarter of 2015. The Companys ratio of total debt at the end of the third quarter of 2015 to trailing 12 months EBITDA as calculated under the Companys credit agreement is anticipated to be approximately 4.4.

The financial results are subject to finalization of the Companys quarterly financial and accounting procedures. These preliminary third-quarter results are not necessarily indicative for any future period and should be read together with the Risk Factors section of this news release. These estimates are preliminary and are based upon the information available to management as of todays date. Therefore, it is possible that AmSurgs actual results may differ materially from these estimates due to the completion of AmSurgs financial closing procedures, final adjustments and other developments that may arise between now and the time AmSurgs 2015 third-quarter financial results are finalized.

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AMSG Previews Preliminary Financial Results for the Third Quarter of 2015

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October 20, 2015

Conference Call

AmSurg Corp. will hold a conference call Tuesday, October 20, 2015, at 8:30 a.m. Eastern time. The dial-in number is (719) 325-2356, pass code 7964659. Presentation materials related to the conference call will be available on the Companys web site,

www.amsurg.com

, by following the link to Investors. A telephonic replay of the conference call will be available through midnight on October 26, 2015, by dialing (719) 457-0820 and entering pass code 7964659. Investors will also have the opportunity to listen to the conference call over the Internet by going to the Companys web site and following the link to Investors at least 15 minutes early to register, download, and install any necessary audio software. For those who cannot listen to the live broadcast, a replay will be available at these sites shortly after the call and continue for 30 days.

This press release contains forward-looking statements. These statements, which have been included in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, involve risks and uncertainties. Investors are hereby cautioned that these statements may be affected by important factors, including, but not limited to, the following risks: we may face challenges managing our Physician Services Division as a new business and may not realize anticipated benefits; we may become subject to investigations by federal and state entities and unpredictable impacts of the Patient Protection and Affordable Care Act, as amended by the Health Care and...


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