The Firm recently represented Team Health Holdings, Inc. (“TeamHealth”), Ensemble Parent LLC (an affiliate of The Blackstone Group), and certain management shareholders in the sale by the selling shareholders of 9,633,107 shares of TeamHealth common stock, resulting in gross proceeds of $319,915,483. Ensemble Parent LLC sold 9,588,990 shares, representing the remainder of its ownership of TeamHealth’s stock. Barclays and Citigroup acted as joint bookrunners for the offering.
TeamHealth is one of the largest providers of outsourced physician staffing solutions for hospitals in the United States. Through its 18 regional locations and multiple service lines, TeamHealth’s approximately 8,600 affiliated healthcare professionals provide emergency medicine, hospital medicine, anesthesia, urgent care, and pediatric staffing and management services to approximately 800 civilian and military hospitals, clinics, and physician groups in 47 states.
The Simpson Thacher team for this transaction included Ed Tolley, Ryan Bekkerus, Ben Wells and Ben Baucom (Capital Markets); and Sean Austin and Devin Heckman (Tax).
