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TeamHealth Holdings Inc (TMH.N)

TMH.N on New York Stock Exchange

42.65USD
9 Dec 2016
Change (% chg)

$0.10 (+0.23%)
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Latest Key Developments (Source: Significant Developments)

Teamhealth to be bought by Blackstone in $6.1 bln deal
Monday, 31 Oct 2016 08:00am EDT 

Teamhealth Holdings Inc : Teamhealth to be acquired by blackstone . Teamhealth holdings inc says blackstone and its co-investors will acquire all of outstanding shares of teamhealth common stock for $43.50 per share in cash . Definitive agreement to be acquired by funds affiliated with Blackstone and certain co-investors in transaction valued at about $6.1 billion . Merger agreement includes a "go-shop" period . Board of directors recommends that stockholders approve agreement . Following completion of transaction, co will become a privately held company, wholly owned by funds affiliated with Blackstone . Goldman, Sachs & Co is acting as lead financial advisor and Citi is acting as co-financial advisor to Teamhealth . Jana Partners has entered into a voting agreement, has agreed to vote its beneficially owned shares in favor of transaction .Teamhealth to be acquired by Blackstone.  Full Article

Team Health in talks with Blackstone and Bain Capital to go private- WSJ
Tuesday, 4 Oct 2016 04:20pm EDT 

: Team Health is in talks with Blackstone Group LP and Bain Capital and could reach a deal to go private this month-WSJ, citing sources Source (http://on.wsj.com/2dHEs7B) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Teamhealth announces leadership transition
Tuesday, 6 Sep 2016 08:40am EDT 

Teamhealth Holdings Inc : Teamhealth announces leadership transition . Says appointment of Leif Murphy as its new president and chief executive officer . Says murphy will succeed Michael D. Snow, who is retiring . Maintaining its guidance for full fiscal year 2016 .FY2016 earnings per share view $2.68, revenue view $4.67 billion -- Thomson Reuters I/B/E/S.  Full Article

TeamHealth says acquired Anesthesia Associates Of Cincinnati and Pain Management Associates
Thursday, 18 Aug 2016 04:05pm EDT 

TeamHealth Holdings Inc :Acquired Anesthesia Associates Of Cincinnati, Pain Management Associates; deal expected to add more than 43,000 annual anesthesia cases to co.  Full Article

Team Health Q2 earnings per share $0.25
Tuesday, 2 Aug 2016 04:15pm EDT 

Team Health Holdings Inc : Q2 earnings per share $0.25 . Fy 2016 earnings per share view $2.80, revenue view $4.75 billion -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share $0.66 . Q2 revenue rose 27.9 percent to $1.12 billion . Says updated 2016 financial guidance . Sees FY 2016 revenue $4.64 billion to $4.71 billion .Q2 earnings per share view $0.65, revenue view $1.17 billion -- Thomson Reuters I/B/E/S.  Full Article

Team Health Holdings Inc completes repricing of term loan b
Thursday, 2 Jun 2016 05:43pm EDT 

Teamhealth Holdings Inc : Pursuant to terms of amendment, company is required to pay a 1.00% prepayment penalty if new term loan b facility is repriced . Amendment reduced interest rate applicable to term loan b facility by 75 basis points to libor plus 3.00% from libor plus 3.75% . Repricing transaction is expected to reduce company's annual cash interest payments by approximately $9.8 million .Team health holdings, inc. Completes repricing of term loan b.  Full Article

Teamhealth acquires operations of Tri-City Emergency Medical Group
Wednesday, 1 Jun 2016 04:10pm EDT 

Teamhealth Holdings Inc :Acquires operations of Tri-City Emergency Medical Group.  Full Article

TeamHealth Holdings reports Q1 earnings per share $0.01
Monday, 9 May 2016 04:47pm EDT 

TeamHealth Holdings Inc : Q1 adjusted earnings per share $0.62 . Q1 earnings per share $0.01 . Q1 revenue $1.14 billion versus i/b/e/s view $1.11 billion . Q1 earnings per share view $0.57 -- Thomson Reuters I/B/E/S . Says consistent with prior guidance, projected 2016 net revenue growth of 31.0% to 33.0% . Sees 2016 adjusted EBITDA margin between 10.5% and 11.0% .Says Q1 same contract revenue increased $50.0 million, or 6.6%, to $804.3 million from $754.3 million in Q1 of 2015.  Full Article

Team Health Holdings Inc give FY 2016 revenue guidance
Monday, 22 Feb 2016 04:05pm EST 

Team Health Holdings Inc:Sees FY 2016 Net revenue growth of 31.0% to 33.0%.Sees FY 2016 Adjusted EBITDA margin between 10.5% and 11.0%.  Full Article

TeamHealth Holdings, Inc says completes acquisition of IPC Healthcare Inc
Monday, 23 Nov 2015 04:10pm EST 

TeamHealth Holdings, Inc:Says has successfully completed its acquisition of ipc healthcare inc.As a result of the completion of the transaction, ipc healthcare's common stock will cease trading on the NASDAQ exchange.  Full Article

UPDATE 3-Blackstone to buy TeamHealth for $6.1 billion

Oct 31 TeamHealth Holdings Inc on Monday said private equity firm Blackstone Group LP would buy it for $6.1 billion, in a deal meant to help the U.S. hospital staffing company better cope with pricing pressure during a wave of consolidation.