AmSurg Places 39th on Fortune's List of the 100 Fastest Growing Companies in America; Ranked 10th in Total Investment Return.Business Editors/Health/Medical Writers NASHVILLE Nashville, city (1990 pop. 487,969), state capital, coextensive with Davidson co., central Tenn., on the Cumberland River, in a fertile farm area; inc. as a city 1806, merged with Davidson co. 1963. , Tenn.--(BUSINESS WIRE)--Aug. 18, 2003 Ken P. McDonald, President and Chief Executive Officer of AmSurg Corp. (Nasdaq: AMSG AMSG Air Mobility Support Group (US Air Force) AMSG Ad Majorem Satanae Gloriam AMSG Allied Military Security Guidelines AMSG Advanced Metal Services Group AMSG Appropriate Military Systems Guide AMSG American Subterfuge Clothing ), today announced that Fortune has ranked AmSurg 39th on its annual list of the 100 Fastest Growing Companies in America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. . In its first appearance on the list, AmSurg also ranked 10th in total investment return among the 100 companies appearing on the list. The Fortune list is focused on U.S. companies with a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. in excess of $50 million and minimum revenues of $50 million for the trailing four quarters. Each company's ranking is determined based on its three-year average annual compound growth rate for earnings, revenues and total investment return. Over the three-year period, Fortune measured AmSurg's average annual growth for earnings at 34.2%, for revenues at 35.7% and for total investment return at 78.4%. Mr. McDonald commented, "We attribute AmSurg's ranking on the Fortune list to the consistent implementation of a proven business model that delivers high quality, low cost surgery services, creating high patient and physician satisfaction. As reflected in our total investment return, we have successfully created value for our shareholders by continuing to create value for the three parties to every surgical procedure: the patient, the physician and the payer." AmSurg Corp. develops, acquires and manages physician practice-based ambulatory surgery centers ambulatory surgery center A free-standing center that performs various types of surgery in partnership with surgical and other group practices. At June June: see month. 30, 2003, AmSurg owned a majority interest in 107 centers and had 12 centers under development. |
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