Simpson Thacher Represents Team Health Holdings, Inc. and Selling Shareholders in Offering of 9,200,000 Shares of Common Stock
07.12.12
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The Firm recently represented Team Health Holdings, Inc. (“TeamHealth”), Ensemble Parent LLC (an affiliate of The Blackstone Group) and certain management shareholders in the sale by the selling shareholders of 9,200,000 shares of TeamHealth common stock, resulting in gross proceeds of $220,340,000. After giving effect to the offering, Ensemble Parent LLC owns approximately 40% of TeamHealth’s common stock. Barclays and Citigroup acted as underwriters for the offering.
TeamHealth is one of the largest providers of outsourced physician staffing solutions for hospitals in the United States. Through its seven principal service lines located in 16 regional sites, TeamHealth’s more than 7,700 affiliated healthcare professionals provide emergency medicine, anesthesia, hospital medicine, urgent care, and pediatric staffing and management services to more than 750 civilian and military hospitals, clinics, and physician groups in 47 states.
The Simpson Thacher team for this transaction included Ed Tolley, Ryan Bekkerus, Ben Wells and Daniel Brown (Capital Markets); Sean Austin and Devin Heckman (Tax); and Jennie Getsin (Blue Sky).