Team Health Holdings, Inc., a supplier of outsourced healthcare professional staffing and administrative services, estimates to price its initial public offering of common stock in $14 to $16 per share range, according to an amended filing with the regulatory.
Ensemble Parent LLC, owned by The Blackstone Group L.P. (BX) is the main stockholder of Team Health. Prior to the offering, 89.6% shares in the company is owned by Ensemble Parent. Assuming the Underwriters' option is exercised in full, Ensemble Parent's holding in the company will be reduced to 54.2% after this offering.
Team Health, which initially registered for proposed maximum aggregate offering of $100 million, now estimates aggregate offering of $368 million of stock, including underwriters option, and stock sold by the selling shareholder.
The company's common stock has been approved for listing on The New York Stock Exchange under the symbol "TMH", subject to official notice of issuance.
Of the total 20 million common shares offered, the Knoxville, Tennessee-based company is selling 10.66 million shares and the selling shareholder is offering 9.33 million shares common stock.
To the extent that the underwriters sell more than 20 million shares, the underwriters have the option to purchase up to an additional 1.60 million shares from the company and an additional 1.40 million shares from the selling shareholder.
Team Health intends to use this offering net proceeds principally for the repayment of indebtedness.
For the nine-months ended September 30, 2009, the company reported net earnings attributable to common stockholders/members of $55.23 million, compared to $50.06 million in the comparable period last year. Net revenue less provision for uncollectibles for the above-mentioned period was $1.07 billion, versus $999.8 million in the same period in 2008.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.