AmSurg upsizes revolver to $450 million through accordion feature

By Sara Rosenberg

New York, April 7 - AmSurg Corp. increased its revolving credit facility to $450 million from $375 million by exercising the accordion feature, according to a news release.

Borrowings under the revolver, along with available cash, will be used to fund the $173.5 million acquisition of National Surgical Care, a Dallas-based owner and operator of ambulatory surgery centers.

Closing on the transaction is expected to take place by the end of the second quarter, subject to normal conditions, regulatory approvals and clearance under the Hart-Scott-Rodino Act.

AmSurg is a Nashville, Tenn.-based acquirer, developer and operator of ambulatory surgery centers in partnership with physician practice groups.

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