Publish date:

Blackstone Purchases TeamHealth for $6.1 Billion

Blackstone purchased TeamHealth for $6.1 billion in a deal expected to close in the first quarter 2017.
Author:

Private equity firm Blackstone (BX) - Get Report agreed to buy U.S. hospital staffing provider TeamHealth (TMH) Monday in a deal valued at about $6.1 billion. Blackstone will pay TeamHealth shareholders $43.50 a share, which is an 18-percent premium over Friday's closing price. The deal is expected to close in the first quarter of 2017.

TheStreet Recommends