AMSURG CORP,COMPANY ANALYSIS

Amsurg Corp,company analysis

Amsurg Corporation: Company Analysis

Company Overview

AmSurg Corp., through its wholly owned subsidiaries, engages in the development, acquisition, and operation of ambulatory surgery centers in partnership with physicians in the United States. The company's surgery centers perform colonoscopy and other endoscopy procedures in the area of gastroenterology; cataracts and retinal laser surgery in the area of ophthalmology; and knee and shoulder arthroscopy and carpal tunnel repair in the area of orthopedics. As of December 31, 2009, it owned interest in 202 surgery centers in 32 states and the District of Columbia, including 142 centers performed gastrointestinal endoscopy procedures, 36 centers performed ophthalmology surgery procedures, 17 centers were multi-specialty centers, and 7 centers performed orthopaedic procedures. AmSurg Corp. markets its surgery centers directly to patients; and referring physicians and third-party payors, including health maintenance organizations, preferred provider organizations, other managed care organizations, and employers.

AmSurg develops, acquires and operates practice-based ambulatory surgery centers (ASCs) in partnership with physician practice groups throughout the US.The company owned a majority interest in 189 continuing centers in operation. The company primarily operates in the US, where it is headquartered in Nashville, Tennessee and employs about 1,630 people.

The company recorded revenues of $600.7 million in the fiscal year ended December 2008, an increase of 15.9% over 2007.The company's operating profit was $210.5 million in fiscal year 2008, an increase of 16.2% over 2007. Its net profit was $47 million in fiscal year 2008, an increase of 6.5% over 2007.

Business Description

AmSurg develops, acquires and operates practice-based ambulatory surgery centers in partnership with physician practice groups throughout the US. The company owns a majority interest in 189 surgery centers in 32 states and the District of Columbia. Each of the surgery centers provides a range of high volume, lower-risk surgical procedures, generally in a single specialty and have a cost structure that enables the company to charge fees that are less than those charged by hospitals and freestanding outpatient surgery centers for similar services performed on an outpatient basis.

The practice-based ambulatory surgery centers are licensed outpatient surgery centers generally equipped and staffed for a single medical specialty, and are typically located in or adjacent to a physician group practice. AmSurg has targeted ownership in centers that perform gastrointestinal endoscopy, ophthalmology, orthopedics and otolaryngology (ear, nose and throat) procedures.

Amsurg generally designs, builds, staffs and equips each of the facilities to meet the specific needs of a single specialty physician practice group. The size of its typical ambulatory surgery center is approximately 3,000 to 4,500 square feet, and the center is located adjacent to or in close proximity to the specialty physicians' offices.

AmSurg: Strategic Plan

Within the context of AmSurg I will say that the pace of change in organizations is accelerating. Consequently, high-performing organizations or units within them attempt to engage in planning, designing, and managing their own desired future rather than simply reacting and responding to changes imposed on them by the environment. Strategic planning is believed to be an important aspect of organizational health, and processes ...