Thursday
Oct082009
Team Health Plans $100 million IPO
Thursday, October 8, 2009 at 08:59AM
Knoxville based Team Health has filed a proposal for a $100 million IPO with the SEC. The Blackstone Group holds a 92% interest in the company. Team Health supplies outsourced health care professional staffing and administrative services to hospitals and other health care providers in the US. Here are some key statistics from the Team Health S-1 filing:
- 550 hospitals served in 46 states
- 6000 health care professionals
- 7.6 million patients served
- 2008 revenues - $1.33 billion
- 2008 net earnings - $44.7 million
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