UPDATE: Stifel Raises PT on Team Health Holdings Following Acquisition of Marshall Physician Services

In a report published Wednesday, Stifel analyst Robert Mains reiterated a Buy rating on

, and raised the price target from $43.00 to $44.00. In the report, Stifel noted, “Team Health acquired Marshall Physician Services, operating as MESA Medical Group, which manages emergency department and hospital medicine programs in 24 facilities in Kentucky, Indiana, Ohio and West Virginia. MESA employs 400 physicians and practitioners, managing 23 emergency department and 10 hospital medicine programs serving over 600,000 patients annually. We believe that this acquisition supports our investment thesis that the evolving healthcare delivery system provides a consolidation opportunity to high-quality managers such as Team, enabling the company to make accretive acquisitions to complement same-store and new contract growth.” Team Health Holdings LLC closed on Tuesday at $41.22.