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Team Health Holdings Inc Prices Secondary Offering Of Common Stock
Team Health Holdings Inc announced the pricing of the previously announced secondary offering of 8,000,000 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., pursuant to a registration statement that TeamHealth previously filed with the Securities and Exchange Commission, at a price to the public of $28.05 per share. Ensemble Parent LLC has granted the underwriter an option to purchase up to 1,200,000 additional shares of common stock. TeamHealth will not receive any proceeds from the sale of shares in the offering. BofA Merrill Lynch is acting as underwriter for the offering.
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