Oct
31
TeamHealth Agrees to Be Sold to Blackstone
By
Blackstone’s deal to acquire TeamHealth is a return trip for the private equity firm, which bought TeamHealth in 2005 and took it public four years later. CreditBrendan Mcdermid/Reuters
Almost exactly a year ago, TeamHealth Holdings, a provider of physician outsourcing services, rebuffed a takeover offer from its rival AmSurg for nearly $8 billion, saying the proposed valuation was too low.
Shareholders balked, and the stock price tumbled. Now, TeamHealth has finally agreed to be sold, but at a large discount to that offer, which was made Nov. 2, 2015…
TeamHealth Agrees to Be Sold to Blackstone
