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Team Health Holdings, Inc. Closes Secondary Offering Of Common Stock

Stocks in this article: TMH

KNOXVILLE, Tenn., Feb. 15, 2013 /PRNewswire/ -- Team Health Holdings, Inc. ("TeamHealth") (NYSE: TMH) announced today that its previously announced secondary offering has closed.  9,633,107 shares of TeamHealth's common stock were sold by its principal stockholder, Ensemble Parent LLC, an investment fund affiliated with The Blackstone Group L.P., and by certain of TeamHealth's officers and directors.  Ensemble Parent LLC sold 9,588,990 shares, representing the remainder of its ownership of TeamHealth's common stock, and TeamHealth's officers and directors sold 44,117 shares.  TeamHealth did not receive any proceeds from the sale of shares in the offering.

Barclays and Citigroup acted as joint bookrunners for the offering.

This offering was made solely by means of a prospectus.  Copies of the prospectus supplement and accompanying prospectus relating to the offering, when available, may be obtained from: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling (888) 603-5847 or by emailing barclaysprospectus@broadridge.com; or Citigroup c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, or by calling (800) 831-9146, or by emailing batprospectusdept@citi.com

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About TeamHealth

TeamHealth is one of the largest providers of outsourced physician staffing solutions for hospitals in the United States.  Through its 18 regional locations and multiple service lines, TeamHealth's approximately 8,600 affiliated healthcare professionals provide emergency medicine, hospital medicine, anesthesia, urgent care, and pediatric staffing and management services to approximately 800 civilian and military hospitals, clinics, and physician groups in 47 states.

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