TeamHealth Holdings, Inc. (TMH) announced that the underwriters of its recent initial public offering of common stock exercised in full their over-allotment option to purchase an additional 1,995,000 shares of common stock from the company at the previously announced price of $12.00 per share.
TeamHealth intends to use the additional net proceeds of about $22.5 million to redeem, on a pro rata basis, around $20.6 million aggregate principal amount of its outstanding 11.25% senior subordinated notes due in 2013.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.