TeamHealth bought by Blackstone Group for $6.1 billion

From Modern Healthcare (hat tip: Dr. Menadue):

Physician staffing giant TeamHealth has agreed to be purchased by affiliates of the Blackstone Group for $6.1 billion.

Blackstone, one of the nation’s largest private-equity groups, intends to pay $43.50 per share for TeamHealth, which changed its CEO last month in light of slumping earnings and stock price.

The Blackstone price is an 18% premium above TeamHealth’s Friday closing stock price of $36.85.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: