XML 47 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2015
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The acquisitions completed during the year ended December 31, 2015 consist of the following:

Acquired Operations
 
Location
 
Date Acquired
 
Specialty
River Drive Surgery & Laser Center, LLC
 
Elmwood Park, NJ
 
February 2015
 
Ophthalmology
Campus Surgery Center, LLC
 
Daly City, CA
 
June 2015
 
Multi-Specialty
Waverly Surgery Center, LLC
 
Palo Alto, CA
 
June 2015
 
Multi-Specialty
Surgical Center at Millburn, LLC
 
Millburn-East Willow, NJ
 
July 2015
 
Multi-Specialty
Eye Surgery Center of Western Ohio, LLC
 
Lima, OH
 
August 2015
 
Ophthalmology
Surgical Specialty Center of Northeastern PA, LLC
 
Forty Fort, PA
 
October 2015
 
Multi-Specialty
South Portland Surgical Center, LLC
 
Tualatin, OR
 
November 2015
 
Multi-Specialty
The acquisition date fair value of the total consideration transferred and acquisition date fair value of each major class of consideration for the acquisitions completed during 2015 and 2014, including post acquisition date adjustments recorded to purchase price allocations, are as follows (in thousands): 
 
2015
 
2014
 
Individual
 
Individual
 
 
 
Acquisitions (1)
 
Acquisitions
 
Sheridan
Accounts receivable
$
62,216

 
$
1,816

 
$
130,260

Other current assets
21,477

 
1,075

 
105,757

Property and equipment
15,484

 
3,294

 
20,185

Goodwill
682,458

 
101,865

 
1,534,656

Intangible assets
420,414

 
14,207

 
1,200,028

Other long-term assets
342

 

 
50,304

Accounts payable
(3,641
)
 
(2,519
)
 
(5,862
)
Other accrued liabilities
(45,386
)
 
(626
)
 
(118,548
)
Deferred income taxes
(88,728
)
 

 
(432,792
)
Other long-term liabilities
(4,958
)
 
(8,588
)
 
(69,456
)
Long-term debt
(6,046
)
 
(717
)
 
(4,594
)
Total fair value
1,053,632

 
109,807


2,409,938

Less: Fair value attributable to noncontrolling interests
85,443

 
39,371

 
24,365

Acquisition date fair value of total consideration transferred
$
968,189

 
$
70,436


$
2,385,573

                           
(1)
Represents the preliminary allocation of fair value of acquired assets and liabilities associated with these acquisitions at December 31, 2015.

The acquisitions completed during the year ended December 31, 2015 consist of the following:

Acquired Operations
 
Location
 
Date Acquired
 
Specialty
Ambulatory Anesthesia Care, PC
 
Mountainside, NJ
 
January 2015
 
Anesthesia
Sheridan Radiology Management Services, Inc.
 
Beachwood, OH
 
January 2015
 
Radiology
Radiology Associates of Hollywood, P.A.
 
Pembroke Pines, FL
 
March 2015
 
Radiology
Halifax Anesthesiology Associates, P.A.
 
Daytona Beach, FL
 
April 2015
 
Anesthesia
Coastal Anesthesiology Consultants, P.A.
 
St. Augustine, FL
 
July 2015
 
Anesthesia
Bay Area Anesthesia, LLC
 
Tampa, FL
 
August 2015
 
Anesthesia
Valley Anesthesia Consultants, Ltd.
 
Phoenix, AZ
 
November 2015
 
Anesthesia
Chandler Emergency Medical Group, LLC
 
Phoenix, AZ
 
December 2015
 
Emergency
Northside Anesthesiology Consultants, LLC
 
Atlanta, GA
 
December 2015
 
Anesthesia
Revenues And Net Earnings Associated With Acquisitions
Revenues and net earnings included in the years ended December 31, 2015 and 2014 associated with completed acquisitions are as follows (in thousands):
 
2015
 
2014
 
Individual
 
Individual
 
 
 
Acquisitions
 
Acquisitions
 
Sheridan
Net revenue
$
179,113

 
$
20,844

 
517,213

 
 
 
 
 
 
Net earnings
26,901

 
5,155

 
26,776

Less: Net earnings attributable to noncontrolling interests
7,448

 
2,859

 
459

Net earnings attributable to AmSurg Corp. common shareholders
$
19,453

 
$
2,296


$
26,317

Consolidated Pro Forma Results Of Acquisition
The unaudited consolidated pro forma results for the years ended December 31, 2015 and 2014, assuming all 2015 acquisitions had been consummated on January 1, 2014, all 2014 acquisitions had been consummated on January 1, 2013 are as follows (in thousands):
 
2015
 
2014
Net revenue
$
2,858,544

 
$
2,680,273

Net earnings
401,950

 
322,653

Amounts attributable to AmSurg Corp. common shareholders:
 
 
 
Net earnings
170,453

 
104,548

Net earnings per common share:
 
 
 
Basic
$
3.55

 
$
2.21

Diluted
$
3.48

 
$
2.20