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Fly News Breaks for October 21, 2015
AMSG, TMH
Oct 21, 2015 | 07:21 EDT
Canaccord noted TeamHealth (TMH) rebuffed the merger proposal from AmSurg (AMSG), but said the proposal validates the firm's investment thesis. The firm believes the offer was too low, but said the offer supports their thesis that the importance of TeamHealth's outsourced clinical services should increase, its share price is undervalued at current levels, and that while scale matters, horizontal expansion strategies are important. Canaccord reiterated its Buy rating and $74 price target on TeamHealth shares.
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