AmSurg Corp. (NASDAQ: AMSG) offered to buy Team Health Holdings Inc. (NYSE: TMH) in a stock and cash transaction worth about $5.17 billion to add to its contract-physician operations.

The proposal values Team Health at $71.47 a share based on AmSurg’s closing stock price yesterday, for a total enterprise value of about $7.8 billion, AmSurg said in a statement. The offer represents a premium of 36 percent to Team Health shareholders, who would get a cash consideration of $11.49 per share, it said in a statement Tuesday.

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