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.

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