SEC Filings

10-12G/A
AMSURG CORP filed this Form 10-12G/A on 11/03/1997
Entire Document
 
<PAGE>   106
 
                                  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>
                                                         TWELVE MONTHS        NINE MONTHS
                                                             ENDED               ENDED
                                                       DECEMBER 31, 1996   SEPTEMBER 30, 1997
                                                       -----------------   ------------------
<S>                                                    <C>                 <C>
Estimated additional general and administrative costs
  as a result of increase in number of centers
  managed............................................        $ 780               $  77
Salaries paid to previous employees which are
  discontinued upon acquisition......................         (224)               (120)
Physician salaries and benefits replaced with
  independent contractor arrangements................       (1,117)                 --
                                                           -------             -------
                                                             $(561)              $ (43)
                                                           =======             =======
</TABLE>

    
 
4. Increase in other operating expenses are as follows:
 
   

<TABLE>
<CAPTION>
                                                                               NINE MONTHS
                                                            TWELVE MONTHS         ENDED
                                                                ENDED         SEPTEMBER 30,
                                                          DECEMBER 31, 1996        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...         (332)              (33)
Other miscellaneous fees................................           24                13
                                                             --------              ----
                                                               $  202              $(20)
                                                             ========              ====
</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. Average weighted shares for stock issued in acquisitions, as adjusted to
   reflect the proposed recapitalization.
    
 
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