AmSurg will acquire National Surgical Care (NSC) for $173.5 million in cash. AmSurg is planning to fund the transaction with available cash and additional borrowings and has exercised the accordion feature on its revolving credit facility, increasing the borrowing limit to up to $450 million from $375 million previously.

The transaction is expected to be closed by the second quarter of 2011. Dallas-based NSC owns and operates 18 ambulatory surgery centers, including 16 multi-specialty centers and two centers that specialize in gastroenterology procedures.

Click here for the release from Business Wire.