The Firm is representing Team Health Holdings, Inc. (NYSE: TMH) in connection with its proposed acquisition of IPC Healthcare, Inc. (NASDAQ: IPCM) for $80.25 per share of IPC stock, in an all-cash transaction with an approximate enterprise value of $1.6 billion. The transaction is expected to close during the fourth quarter of 2015 and is subject to customary closing conditions including regulatory approval.
Team Health is a leading provider of outsourced physician staffing solutions for hospitals in the United States. IPC is a leading national acute hospitalist and post-acute provider group practice company.
The Simpson Thacher team includes Bill Dougherty, Anthony Vernace, Lauren Colasacco, Paul Bennett and Brenda Hwang (M&A); Alden Millard, Jennifer Levitt, Shana Ramirez and Ayal Bainvoll (Banking and Credit); Ed Tolley, Jonathan Ozner and Hana Nah (Capital Markets); Brian Robbins, Larry Moss, Alisa Tschorke and Samantha Steinfeld (Executive Compensation & Employee Benefits); Gary Mandel, Sophie Staples and David Holmberg (Tax); Lori Lesser and Genevieve Dorment (Intellectual Property); Peter Guryan and Ellen Frye (Competition); and Dov Gottlieb (Public Company Advisory Practice).