SEC Filings

10-12G
AMSURG CORP filed this Form 10-12G on 03/11/1997
Entire Document
 
<PAGE>   95
 
                                  AMSURG CORP.
 
                   UNAUDITED PRO FORMA FINANCIAL INFORMATION
 
     The following unaudited pro forma statement of operations of AmSurg Corp.
for the year ended December 31, 1996 is presented to show the effects of the
acquisition of The Endoscopy Center operations of The Endoscopy Center of Ocala,
Inc., acquired on August 21, 1996, and other individually insignificant
businesses acquired during the year ended December 31, 1996 (which are accounted
for as purchases) assuming the acquisitions had occurred on January 1, 1996.
 
     The unaudited pro forma financial information does not purport to represent
what AmSurg Corp.'s financial position or results of operations would actually
have been had the transactions in fact occurred on the dates indicated above,
nor to project AmSurg Corp.'s financial position or results of operations for
any future date or period. In the opinion of AmSurg's management, all
adjustments necessary for a fair presentation have been made. This unaudited pro
forma financial information should be read in conjunction with the accompanying
notes and the financial statements of AmSurg Corp. and the related notes
included elsewhere herein.
 

<TABLE>
<CAPTION>
                                                                        1996
                                                  THE ENDOSCOPY     INDIVIDUALLY
                                       AMSURG       CENTER OF      INSIGNIFICANT      PRO FORMA    PRO FORMA
                                     HISTORICAL     OCALA(A)      ACQUISITIONS(A)    ADJUSTMENTS   COMBINED
                                     ----------   -------------   ----------------   -----------   ---------
                                                      (IN THOUSANDS EXCEPT PER SHARE DATA)
<S>                                  <C>          <C>             <C>                <C>           <C>
Revenues...........................   $35,007        $1,373            $4,302          $   (62)(2)  $40,620
                                      -------        ------           -------          -------      -------
Expenses:
  Salaries and benefits............    11,613           304             1,331               60(3)    13,308
  Other operating expenses.........    11,547           322             1,616             (255)(4)   13,230
  Depreciation and amortization....     3,000            36               170              259(5)     3,465
  Interest.........................       948            --                75              275(6)     1,298
                                      -------        ------           -------          -------      -------
          Total expenses...........    27,108           662             3,192              339       31,301
Income before minority interest and
  income taxes.....................     7,899           711             1,110             (401)       9,319
  Minority interest................     5,433            --                --            1,110(7)     6,543
                                      -------        ------           -------          -------      -------
Income before income taxes.........     2,466           711             1,110           (1,511)       2,776
  Income tax expense...............       985            --                --              124(8)     1,109
                                      -------        ------           -------          -------      -------
Net income.........................     1,481           711             1,110           (1,635)       1,667
  Accretion of preferred stock
     discount......................        22                                                            22
                                      -------        ------           -------          -------      -------
Net income attributable to common
  stockholders.....................   $ 1,459        $  711            $1,110          $(1,635)     $ 1,645
                                      =======        ======           =======          =======      =======
Net income per share attributable
  to common stockholders(1)........   $  0.16                                                       $  0.18
                                      =======                                                       =======
Weighted average common shares and
  equivalents(1)...................     9,102                                              199(9)     9,301
</TABLE>

 
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(a) From January 1, 1996 to date of acquisition.
 
                                      F-15