Market Overview

TeamHealth Acquires Premier Physician Services


TeamHealth Holdings Inc. (NYSE: TMH), one of the nation's largest providers of outsourced physician staffing solutions for hospitals, announced the acquisition of Premier Physician Services, Inc. (Premier). Based in Dayton, Ohio, Premier was established in 1987 and provides emergency department, hospital medicine, correctional care and occupational medicine management and staffing for facilities in Ohio and six other states. Through the management and staffing of 45 emergency departments, eight hospital medicine programs, 15 occupational medicine programs and 15 correctional care programs, Premier provides care for more than one million patients annually.

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"Premier has been a recognized leader in healthcare services for more than 25 years," said William Cole, MD, FACEP, CEO of Premier. "As the healthcare industry evolves and becomes more complex, we recognized that we needed a partner with the resources to support our infrastructure. Our partnership with TeamHealth will allow us to continue providing our clients with the highest level of service."

"TeamHealth is committed to growing our organization through partnerships with high-quality physician groups like Premier," said Mike Snow, president and CEO of TeamHealth. "Premier's more than 700 physicians and advanced practice clinicians have a reputation for delivering exceptional patient care for their hospital clients, patients and families. We welcome Premier to TeamHealth and look forward to a great partnership."

TeamHealth's acquisition of Premier highlights the increased pace of the organization's acquisition strategy. Since September, TeamHealth has grown through the addition of eight high-quality organizations, including Premier.

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