Avondale Partners Downgrades Team Health (TMH) to Market Perform

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Go back to Avondale Partners Downgrades Team Health (TMH) to Market Perform

TeamHealth to be Acquired by Blackstone

October 31, 2016 8:01 AM EDT

KNOXVILLE, Tenn., Oct. 31, 2016 /PRNewswire/ -- TeamHealth Holdings, Inc. ("TeamHealth" or the "Company") (NYSE: TMH), a leading physician services organization, today announced that it has entered into a definitive agreement to be acquired by funds affiliated with Blackstone, a leading global asset manager, and certain co-investors in a transaction valued at approximately $6.1 billion. Under the terms of the agreement, which has been unanimously approved by TeamHealth's Board of Directors, Blackstone and its co-investors will acquire all of the outstanding shares of TeamHealth common stock for $43.50 per share in cash. This represents a premium of... More