SEC Filings

10-12G/A
AMSURG CORP filed this Form 10-12G/A on 05/09/1997
Entire Document
 
<PAGE>   103
 
                                  AMSURG CORP.
 
      NOTES TO THE PRO FORMA COMBINED STATEMENTS OF OPERATIONS
                                 (UNAUDITED)
                                (IN THOUSANDS)
 
1. Net income per share is adjusted to reflect the anticipated recapitalization
   to be effected prior to the distribution.
 
2. Decrease in interest income on the funds used to complete the acquisitions.
 
3. The pro forma adjustments to salaries and benefits reflect the following:
 
   

<TABLE>
<CAPTION>
                                                              12 MONTHS          3 MONTHS
                                                                ENDED             ENDED
                                                          DECEMBER 31, 1996   MARCH 31, 1997
                                                          -----------------   --------------
<S>                                                       <C>                 <C>
Estimated additional general and administrative costs as
  a result of increase in number of centers managed.....       $  648              $11
Salaries paid to previous owners which are discontinued
  upon acquisition......................................         (188)              --
Physician salaries and benefits replaced with
  independent contractor arrangements...................       (1,117)              --
                                                             --------              ---
                                                               $ (657)             $11
                                                             ========              ===
</TABLE>

    
 
   
4. Increase in other operating expenses are as follows:
    
 
   

<TABLE>
<CAPTION>
                                                              12 MONTHS          3 MONTHS
                                                                ENDED             ENDED
                                                          DECEMBER 31, 1996   MARCH 31, 1997
                                                          -----------------   --------------
<S>                                                       <C>                 <C>
Payments to physicians for provision of medical services
  pursuant to the new contract between these physicians
  and the practice......................................          510              $--
Reduced rent expense pursuant to new lease agreements...         (230)               1
Other miscellaneous fees................................           11               --
                                                             --------              ---
                                                               $  291              $ 1
                                                             ========              ===
</TABLE>

    
 
5. Increase in amortization due principally to the increase in excess of cost
   over net assets of purchased operations.
 
6. Increase in interest expense for debt incurred to complete the acquisitions.
 
   
7. Minority owners interest in earnings of acquired operations.
    
 
8. Change to the income tax provision due to combination of operations.
 
9. Income average weighted shares for stock issued in acquisitions, as adjusted
   to reflect the proposed recapitalization.
 
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