AmSurg Corporation

What AmSurg Corporation does

AmSurg Corporation is a Nashville, Tennessee-based operator and manager of ambulatory surgery centers (ASCs) in the United States, founded in 1992. The company partnered with 3,700 physicians to operate more than 250 ASCs across 34 states and the District of Columbia, specializing in gastroenterology (endoscopy and colonoscopy), ophthalmology, orthopedics (including outpatient total joint replacements), and multi-specialty procedures. AmSurg generated revenue primarily through managed-services and joint-venture arrangements with physicians and health systems, earning fees from operating same-day surgical facilities; secondary revenue streams included anesthesia services delivered through partner networks and ancillary patient engagement services. The company was a division of Envision Healthcare Corporation until June 4, 2026, when Ascension completed its $3.9 billion acquisition, expanding the combined outpatient surgery network to approximately 300 ASCs across 35 states.

AmSurg's core technology stack consisted of three proprietary platforms layered on top of the physical ASC network: the GIQuIC (Gastroenterology Quality Improvement Consortium) registry, which aggregated more than 2.5 million colonoscopy reports representing nearly 25% of the registry; the WebAdvantage digital marketing platform for center-level websites and patient engagement; and the Patient Connect recall program, which merged physician-recommended screening intervals with patient procedure history to drive follow-up care (cited at 1,980 additional patients receiving proper follow-up annually). Clinical programs included a Total Joint Replacement toolkit that enabled ASCs to safely perform outpatient hip and knee procedures, and a COVID-19 safety toolkit developed during the pandemic. The company's go-to-market motion was sales-led enterprise field sales, structured around two partnership models: a physician partnership model using consensus management with equal representation between physician partners and AmSurg, and a health system partnership model structured as three-way joint ventures between health systems, physicians, and AmSurg.

The company pursued growth through both organic program expansion (orthopedic total joint, ophthalmology, multi-specialty) and accretive tuck-in M&A, completing at least four ASC acquisitions between January and December 2025. The 2026 Ascension acquisition represented a strategic exit for AmSurg's prior ownership, but the combined entity continues to operate AmSurg as a distinct ASC management platform. Customer concentration was structurally low: 250+ facility relationships and thousands of individual physician partners distributed across 34 states and four major specialties, with no single customer representing a material share of revenue. The primary risk to the business model is reimbursement and regulatory exposure under Medicare and commercial payor rates for outpatient surgical services.

Name

AmSurg Corporation

Legal name

AMSURG Corp.

Website

http://www.amsurg.com

Company type

Private

Founded year

1992

Operating status

Acquired

Headcount range

1,001–5,000 employees

Short description

AmSurg Corporation, founded in 1992 and headquartered in Nashville, Tennessee, operates a national network of more than 250 ambulatory surgery centers across 34 states in partnership with 3,700 physicians, specializing in gastroenterology, ophthalmology, orthopedics, and multi-specialty procedures; acquired by Ascension for $3.9 billion in June 2026.

Ownership category

akta.pro rank

Product category

Ambulatory Surgery Center Management

NAICS

Freestanding Ambulatory Surgical and Emergency Centers (621493), Ambulatory Health Care Services (621)

SIC

Services-Specialty Outpatient Facilities, Nec (8093)

akta.pro primary industry

Multi-Specialty Ambulatory Surgery Centers (ASCs) (HLAFAIAA)

akta.pro secondary industries

Ambulatory Surgery Centers (Ophthalmic/Outpatient Eye Surgery) (HLAKAKAO), Orthopedic & Spine Surgery Centers (HLAFAIAG), Outpatient Endoscopy & GI Procedure Centers (Non-ASC) (HLAFABAL), Perioperative Anesthesia Services & Management (HLAFAIAM)

Keywords

• Ambulatory surgery centers
• Outpatient surgical services
• Physician partnership models
• ASC management
• Multi-specialty surgical care

Headquarters

HQ city

Nashville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Ambulatory Surgery Center Services: AMSURG generates revenue through operating and managing ambulatory surgery centers in partnership with physicians and health systems, providing same-day surgical services across multiple specialties
2. Gastroenterology Procedures: Revenue from colonoscopy and other GI procedures performed at partner endoscopy centers
3. Anesthesia Services: Anesthesia services provided through partnerships at surgery centers, with anesthesia business earnings increases reported

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

AmSurg develops and operates ambulatory surgery centers (ASCs) across the United States through partnership models with physicians and health systems. The company manages a national network of 250+ surgery centers across 34 states, delivering same-day surgical services across gastroenterology, ophthalmology, orthopedics, and multi-specialty procedures. Following its $3.9 billion acquisition by Ascension in June 2026, the network expanded to approximately 300 ASCs across 35 states.

Product overview

AmSurg is a leading operator and manager of ambulatory surgery centers (ASCs) in the United States. The company operates a network of more than 250 surgery centers across 34 states through partnership models with physicians and health systems. The core offering is ASC management encompassing strategic operations, clinical quality, and patient experience. AMSURG's centers specialize in gastroenterology (endoscopy/colonoscopy), ophthalmology, orthopedics (including outpatient total joint replacements), and multi-specialty procedures. The company offers proprietary technology platforms including WebAdvantage for digital marketing and Patient Connect for patient recall management, along with clinical programs such as the Total Joint Replacement Program. Patient education initiatives include Stop Colon Cancer Now, Your Sight Matters, and Your Ortho Solution campaigns. Following the June 2026 acquisition by Ascension, AMSURG's network expanded to approximately 300 ASCs nationwide.

Differentiator

Problem solved

Functional benefit

Brands

• Stop Colon Cancer Now: National educational campaign encouraging colorectal cancer screening and prevention
• Your Sight Matters
• Your Ortho Solution

Products and services

• Ambulatory Surgery Center Management Strategic and operational management of ambulatory surgery centers (ASCs) delivering high-quality, high-value, same-day surgical services with superior patient experience. AmSurg partners with physicians and health systems to operate ASCs across multiple medical specialties including gastroenterology, ophthalmology, orthopedics, and multi-specialty procedures.
• Physician Partnership Model Consensus management model where surgery centers are operated with equal representation from physician partners and AmSurg. Established as the premier physician partnership model in the ASC industry with over 30 years of operational innovations.
• Health System Partnership Model Market-based approach establishing mutually beneficial three-way joint venture partnerships between health systems or hospitals, physicians, and AmSurg for ambulatory surgery center operations.
• Anesthesia Services
• WebAdvantage AmSurg's proprietary digital marketing platform that incorporates surgery center websites with online marketing strategy, allowing centers to publish pricing information alongside consumer-friendly quality metrics.
• Patient Connect Patient recall program that merges physician's recommended recall interval with patient's last procedure results, delivering recall notices via text, mail, or phone to increase follow-up response rates and improve patient care compliance.
• Ground Force Referring physician marketing program designed to increase procedure volume and strengthen relationships with referring physicians in the gastroenterology network.
• Total Joint Replacement Program Program enabling ambulatory surgery centers to perform outpatient total joint replacement procedures (hip and knee), including a toolkit with templates and best practices for centers to safely implement joint replacement surgeries.

Quantifiable outcome

• 600,000+ colonoscopies performed annually
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered minor and core.

• SCA HealthminorOthersSCA Health acquired six divestitures from AmSurg as required by FTC for Ascension acquisition approval in overlapping markets across Tennessee, Florida, Oklahoma, Texas, and Kansas
• Florida Gastroenterology CenterminorOthersFlorida Gastroenterology Center acquired one AmSurg facility as required by FTC for Ascension acquisition approval
• GIQuIC (Gastroenterology Quality Improvement Consortium)coreStrategic or Co-development PartnerAMSURG partners with GIQuIC registry since 2013, contributing over 2.5 million colonoscopy reports accounting for nearly 25% of registry entries, enabling quality benchmarking and research
• Colorectal Cancer RoundtableminorStrategic or Co-development PartnerAMSURG joined the 80% in Every Community initiative to increase colorectal cancer screening awareness and rates across served communities
• Envision HealthcarecoreStrategic or Co-development PartnerAMSURG was a division of Envision Healthcare, leveraging clinical best practices, quality standards, and corporate resources across the healthcare organization

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• United Surgical Partners International (USPI): USPI is the largest ASC operator in the U.S. and a subsidiary of Tenet Healthcare, running hundreds of ambulatory surgery centers and short-stay surgical hospitals in partnership with physicians and health systems — directly comparable to AmSurg's ASC management franchise.
• Surgery Partners: Surgery Partners is a publicly traded ASC operator and healthcare services company that owns and operates ambulatory surgery centers and surgical hospitals across the U.S., competing with AmSurg in physician-partnered outpatient surgical care.
• SCA Health (Surgical Care Affiliates): SCA Health is a leading ASC operator owned by Optum (UnitedHealth Group), running outpatient surgery facilities nationwide. It is a direct competitor and notably acquired six AmSurg centers as FTC-mandated divestitures in the Ascension transaction.

Broad incumbents

• HCA Healthcare: HCA Healthcare is a large, publicly traded hospital operator that has been expanding its outpatient/ASC footprint. It is a broad incumbent overlapping AmSurg's ASC and surgical services geographies and competes for physician partnerships and JV contracts.
• Tenet Healthcare: Tenet Healthcare is the parent of USPI, the most direct competitor to AmSurg in the ASC space, while also running acute care hospitals — overlapping with AmSurg across the surgical services value chain.
• Envision Healthcare: Envision Healthcare was AmSurg's former corporate parent and remains a significant healthcare services provider (anesthesia, emergency medicine, surgical services). It is a broad incumbent with adjacent ASC and anesthesia exposure.
• Optum: Optum owns SCA Health and broader ambulatory care assets that compete directly with AmSurg. As a payer-services-aligned platform, Optum is a major strategic counterparty in outpatient surgical services.
• Cleveland Clinic / Mayo Clinic outpatient surgery programs: Large nonprofit health systems like Cleveland Clinic operate their own outpatient surgical programs and ambulatory surgery centers as part of integrated delivery networks — competing with AmSurg for the same physician JV partners and outpatient case volumes.

Emerging players

• Surgical Management Professionals (SMP): SMP is a smaller ASC management and revenue cycle firm working with community surgical hospitals and ambulatory surgery centers — comparable to AmSurg's ASC management proposition but at much smaller scale.
• PE-backed ASC platforms (e.g., GI Alliance, PHP Partners): Private-equity-backed specialty ASC platforms (e.g., GI Alliance in gastroenterology) are aggressively acquiring and affiliating physician practices and ASCs, competing with AmSurg for high-value specialty centers and physicians.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/AmSurgCorp
• YouTubeyoutube.com/user/amsurg
• LinkedInlinkedin.com/company/amsurg

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AmSurg Corporation