Ascension in Advanced Talks to Buy Amsurg for $3.9 Billion (1)

AmSurg, the ambulatory surgery company once part of Envision Healthcare, is in advanced talks to sell itself to Ascension Health for about $3.9 billion, according to people with knowledge of the matter.

A purchase by Ascension could be struck within weeks, said the people, who asked not to be identified discussing confidential information. A final agreement hasn’t been reached and terms could change or talks could falter, they added.

Representatives for AmSurg and Ascension didn’t respond to requests for comment.

The deal could mark the final chapter in an epic and contentious credit-industry battle that saw some lenders leapfrog ...