Team Health Begins 8M Share Offering

Team Health Holdings Inc. ("TeamHealth") (NYSE: TMH) announced today that it had commenced a secondary offering of 8,000,000 shares of its common stock to be sold by its principal stockholder, Ensemble Parent LLC, an investment fund affiliated with The Blackstone Group L.P., pursuant to a registration statement that TeamHealth previously filed with the Securities and Exchange Commission. Ensemble Parent LLC will grant the underwriter an option to purchase up to 1,200,000 additional shares of common stock. TeamHealth will not receive any proceeds from the sale of shares in the offering.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.