SEC Filings

8-K/A
AMSURG CORP filed this Form 8-K/A on 11/12/1997
Entire Document
 
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                                  AMSURG CORP.
              UNAUDITED PRO FORMA COMBINED STATEMENTS OF OPERATIONS


       The following unaudited pro forma statements of operations of AmSurg
Corp. ("AmSurg") for the year ended December 31, 1996 and the nine months ended
September 30, 1997 are presented to show the effects of the acquisition of The
Endoscopy Center, Inc., acquired on September 2, 1997, which is accounted for as
a purchase, assuming the acquisition had occurred on January 1, 1996.

       The unaudited pro forma financial information does not purport to
represent what AmSurg'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'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 financial
statements and notes thereto included in AmSurg's Registration Statement on Form
10/A-3 dated November 3, 1997.


                          YEAR ENDED DECEMBER 31, 1996
                      (IN THOUSANDS, EXCEPT PER SHARE DATA)



<TABLE>
<CAPTION>
                                              AMSURG         THE ENDOSCOPY            PRO FORMA         PRO FORMA
                                            HISTORICAL        CENTER, INC.           ADJUSTMENTS         COMBINED
                                            -----------      -------------           -----------        -----------
<S>                                         <C>              <C>                     <C>                <C>
Revenues................................    $    35,007        $     3,122           $       (74)(2)    $    38,055

Expenses:
    Salaries and benefits ..............         11,613                507                    66 (3)         12,186
    Other operating expenses............         11,547                808                     9 (4)         12,364
    Depreciation and amortization.......          3,000                  -                   239 (5)          3,239
    Interest............................            948                  -                   290 (6)          1,238
                                            -----------        -----------           -----------        -----------

       Total expenses...................         27,108              1,315                   604             29,027
                                            -----------        -----------           -----------        -----------

       Income before minority interest
           and income taxes.............          7,899              1,807                  (678)             9,028
Minority interest.......................          5,433                  -                   723 (7)          6,156
                                            -----------        -----------           -----------        -----------

       Income before income taxes.......          2,466              1,807                (1,401)             2,872
Income tax expense......................            985                  -                   162 (8)          1,147
                                            -----------        -----------           -----------        -----------

       Net income.......................          1,481              1,807                (1,563)             1,725
Accretion of preferred stock discount...             22                  -                     -                 22
                                            -----------        -----------           -----------        -----------

       Net income attributable to
           common stockholders..........    $     1,459        $     1,807           $    (1,563)       $     1,703
                                            ===========        ===========           ===========        ===========

       Net income per share
           attributable to common
           stockholders.................   $       0.05                                                 $      0.06
                                            ===========                                                 ===========
Weighted average common shares
       and equivalents..................         27,307                                      280 (9)         27,587
                                            ===========                              ===========        ===========
</TABLE>





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