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TeamHealth Acquires Delphi Healthcare Partners

Stocks in this article: BXTMH

KNOXVILLE, Tenn., Aug. 14, 2012 /PRNewswire/ -- TeamHealth Holdings Inc. (NYSE: TMH) today announced the acquisition of the operations of Delphi Healthcare Partners ("Delphi") and its related entities. Based in Morrisville, North Carolina, Delphi is an innovative resource for specialty hospitalist programs in Orthopedics, General Surgery and OB/GYN. These programs offer Emergency Department call coverage and provide client hospitals with 24/7 in-house specialty coverage, enabling them to increase market share by reducing the need to transfer patients to other facilities for these needed services. Delphi currently holds 42 programs in 19 states, and the existing management team will continue to serve their current hospital clients from the Morrisville corporate office.

"Since 2001, Delphi has stayed true to its mission: to design, develop, recruit and manage customized physician groups that meet the physician staffing needs of our client hospitals, enabling them to provide excellent clinical care for their communities," states David Joyce, founder and CEO of Delphi. "We believe that TeamHealth provides the resources and infrastructure necessary for us to continue to grow the company with our clients' interests at heart as we continue to foster a creative, innovative and committed organization that meets our clients' specific needs." 

"Delphi is the leader in outsourced specialty hospitalist programs in the United States," states Greg Roth, President and CEO, TeamHealth. "Its specialty services strongly complement our existing emergency medicine, hospital medicine, anesthesiology and urgent care service lines, helping us to further position TeamHealth as a comprehensive healthcare solutions organization that partners with hospitals and health systems throughout the entire continuum of care of the patient."

About TeamHealth 

TeamHealth ( Knoxville, Tenn.) (NYSE: TMH) is one of the largest providers of outsourced physician staffing solutions for hospitals in the United States. Through its 17 regional locations and multiple service lines, TeamHealth's more than 8,300 affiliated healthcare professionals provide emergency medicine, hospital medicine, anesthesia, urgent care, and pediatric staffing and management services to approximately 790 civilian and military hospitals, clinics, and physician groups in 47 states. The term "TeamHealth" as used throughout this release includes Team Health, Inc., and all of its related entities, divisions, subsidiaries and affiliated physicians and physician groups. For more information about TeamHealth, visit www.teamhealth.com.

About Delphi Healthcare Partners, Inc.

Delphi Healthcare Partners, Inc. is the largest provider of outsourced Orthopedic, OB/GYN and General Surgery Hospitalist programs in the United States. Founded in 2001, Delphi's innovative solutions address Emergency Department call coverage and specialty staffing challenges. The Delphi Model offers 24/7 specialty hospitalist call coverage which results in immediate, improved patient throughput and clinical outcomes. These attributes result in increased market share for their client hospitals. Currently, Delphi has nearly 300 providers working in 42 programs throughout 19 states.

SOURCE TeamHealth Holdings Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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