Canaccord analyst Richard Close commented on the report that Envision Healthcare (EVHC) is in merger discussions with AmSurg (AMSG). The tie-up would combine the largest medical transportation company with the leading ambulatory surgery center company and would leave Buy rated Team Health (TMH) behind, while returning investor angst back to that company, which rebuffed a buyout approach from AmSurg last year, said Close. The analyst believes Envision Healthcare shares are undervalued and sees a merger with an implied value of roughly $36 per shares. Close reiterated his Buy rating on Envision Healthcare shares and does not follow AmSurg.