Oct
04
Team Health Jumps on Report of Private Equity Firm Talks
ByTeam Health Holdings Inc. gained the most in more than seven months after a report in the Wall Street Journal that the health-care staffing company has discussed selling itself to a private equity firm.
The Wall Street Journal reported Tuesday that Team Health is in talks with Blackstone Group LP and Bain Capital, citing people familiar with the matter, and that it could reach a deal to go private this month. The shares spiked 16 percent to $38.20 on Tuesday, the biggest one-day gain since Feb. 25…