In the "?Is this good news?", department: Team Health Files Form S-1 With SEC.
KNOXVILLE, Tenn., Aug. 16 /PRNewswire/ — Team Health, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed Initial Public Offering ("IPO") of its common stock.
The shares in the IPO are being offered by Team Health and certain selling stockholders. Team Health, Inc. intends to apply to have its shares listed on the New York Stock Exchange under the ticker symbol "THH." The IPO is expected to take place later this year.
Lehman Brothers and Merrill Lynch & Co. as joint book-running managers and JPMorgan are acting as representatives of the underwriters in the IPO.
The offering will be made only by means of a prospectus.
About Team Health Founded in 1979, Team Health is headquartered in Knoxville, Tennessee. Team Health is affiliated with over 7,000 healthcare professionals who provide staffing and administrative services in the areas of emergency medicine, radiology, anesthesia, hospitalist, pediatrics and other healthcare services to over 470 hospital clients and their affiliated clinics and surgical centers in 44 states. For more information about Team Health, visit http://www.teamhealth.com.
Full disclosure: I interviewed with a Team Health regional affiliate several years, right out of residency, and as they stiffed me with the travel expenses they promised to reimburse, I’ve never held them in high regard.
That’s neither here nor there, and TH is a company whose officers are probably going to get rich while the docs who, you know, actually provide the professional services won’t get the Big Payday. My ignorance about stock, etc, is legendary, so if there’s a big upside for the working doc, I’d love to hear it.