Team Health Holdings Inc Commences Secondary Offering Of Common Stock

Team Health Holdings Inc announced that it had commenced a secondary offering of 9,633,107 shares of its common stock to be sold by its principal stockholder, Ensemble Parent LLC, an investment fund affiliated with The Blackstone Group L.P., and by certain of TeamHealth's officers and directors, pursuant to a registration statement that TeamHealth previously filed with the Securities and Exchange Commission. Ensemble Parent LLC is selling 9,588,990 shares, representing the remainder of its ownership of TeamHealth's common stock, and TeamHealth's officers and directors are selling 44,117 shares.Barclays and Citigroup are acting as joint bookrunners for the offering.