Amsurg: Doctor’s to Go

03/30/2016 8:00 am EST


James Oberweis

President, Oberweis Asset Management, Inc.

Our latest small cap recommendation operates ambulatory surgery services and outsourced physician services, explains Jim Oberweis Jr., editor of The Oberweis Report.

In its ambulatory services segment Amsurg (AMSG) acquires, develops and operates ambulatory surgery centers (ASC’s) in partnership with physicians.

Amsurg is one of the largest owners and operators of ASC’s in the US, operating 257 ASC’s in 34 states as of December 31st, 2015.

Its physician services segment provides outsourced physician services in multiple specialties to hospitals and ambulatory surgery centers, primarily in the areas of anesthesiology, radiology, children’s services and emergency medicine.

The company is also a leading provider of outsourced physician services to more than 450 healthcare facilities in 29 states, employing more than 3,800 physicians and other healthcare professionals.

For the year that ended on December 31st, 2015, the ambulatory services segment generated approximately 48% and 52% of its revenues and physician services segment, respectively.

Amsurg’s ASC’s primarily provide elective, high volume, lower-risk surgical procedures across multiple specialties.

The ASC’s are designed with a cost structure that creates significant savings for patients and payers when compared to surgical services performed in the hospital.

In the company’s latest reported fourth quarter, sales rose approximately 21% to $704.3 million from $581.8 million in the fourth quarter of last year.

Amsurg reported earnings per share of $1.02 in the latest reported fourth quarter versus $0.78 in the same quarter of last year.

Clients of Oberweis Asset Management own approximately 15,300 shares. These shares may be appropriate for risk-oriented investors.

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