American Surgical has completed merger with AH Holdings, an affiliate of Great Point Partners I (GPP).

Under the terms of the merger agreement, American Surgical stockholders are entitled to receive $2.89 in cash for each share of American Surgical common stock held.

Additionally, pursuant to the agreement and plan of merger, the stockholders will receive additional merger consideration at closing of $0.02 per share and an ownership interest in CMC Associates, a subsidiary of the company that will be the beneficial owner of certain pending litigation and litigation rights.

American Surgical markets its services to hospitals, surgeons and healthcare institutions across Houston, San Antonio and Corpus Christi, Texas; Lawton, Oklahoma; Suffolk, Virginia; Memphis, Tennessee and Augusta, Georgia.