Amsurg uses bank debt to fund stock repurchase

By Sara Rosenberg

New York, Aug. 13 - Amsurg Corp. borrowed funds under its credit facility to help fund the purchase of 845,200 shares of common stock at an aggregate purchase price of $21.2 million, according to a filing with the Securities and Exchange Commission.

Furthermore, the company intends to use additional borrowings of long-term debt, operating cash flow and capital contributions by minority partners to help fund approximately $3.6 million of unfunded construction and equipment purchase commitments.

Nashville-based Amsurg develops, acquires and operates practice-based ambulatory surgery centers, in partnership with physician practice groups.

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