TMH - Team Health Holdings LLC. (NYSE Stock) - Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat

**paperchase** · #1 12-16-2009, 09:56 AM

TeamHealth was founded in 1979 to provide emergency department administrative and staffing services to two hospital clients that TMH proudly continue to serve today.

After 30 years of geographic and service line expansion, TeamHealth is one of the nation's largest provider of hospital-based clinical outsourcing. Although TMH is a national organization, their operating philosophy is essentially the same as when they started 30 years ago. TMH is committed to a patient-centric model of healthcare delivery, with the hospital, physician group and TeamHealth working collaboratively with their affiliated physicians so they can deliver compassionate, efficient and safe patient care.

**paperchase** · #2 12-16-2009, 09:56 AM

Team Health prices initial public offering
7:01a ET December 16, 2009 (Marke****ch)
LONDON (Marke****ch) -- Team Health Holdings Inc. said Wednesday that it has priced its initial public offering of 13.3 million shares at $12 each. The offering is expected to close on Dec. 21. The company said it intends to use the proceeds of around $146.5 million to redeem around $136.9 million or its existing $203 million of 11.25% senior notes due in 2013.

**paperchase** · #3 12-16-2009, 10:30 AM

Im in at 12.25..

**paperchase** · #4 01-06-2010, 09:47 AM

D&Y Acquires Psychiatrists Only, LLC
10:04a ET January 5, 2010 (PR NewsWire)
D&Y (D&Y - Locum Tenens and Permanent Placement | Jobs for Locums and Perms), a division of TeamHealth (NYSE: TMH), is expanding its healthcare staffing specialty coverage with the acquisition of Atlanta-based Psychiatrists Only, LLC. Since 1998, Psychiatrists Only has recruited qualified psychiatrists for locum tenens and permanent placement positions for healthcare facilities. For its most recent fiscal year, Psychiatrists Only reported net revenue of approximately $6.0 million.

As a division of D&Y, Psychiatrists Only will maintain its name, and Wayne Parton will continue in his role as Vice President, as will the incumbent and experienced recruiting professionals.

"Our group is excited to become a part of D&Y because both organizations share the same commitment to recruiting the highest-quality physicians," states Mr. Parton. "We believe this partnership will enhance our ability to create desirable matches between healthcare institutions and physicians, as well as provide more comprehensive solutions for our customers."

"Seeking to diversify our specialty coverage, we were attracted to Psychiatrists Only because of their prominent reputation for recruiting quality psychiatrists," states Susie Brown, Chief Operating Officer, D&Y. "Psychiatrists Only and D&Y share the same commitment to personal attention to our customers. We look forward to working with Mr. Parton as we develop this partnership."

About D&Y

Since 1989, D&Y, a division of TeamHealth (NYSE: TMH), has set the standard for excellence in locum tenens and permanent placement. Working closely with both the healthcare facility and the physician, D&Y ensures that a successful relationship is formed. D&Y locum tenens and permanent placement specialties include primary care, hospital medicine, anesthesiology, radiology, and various sub-specialties. For more information about D&Y, visit D&Y - Locum Tenens and Permanent Placement | Jobs for Locums and Perms.

About TeamHealth

TeamHealth (Knoxville, Tenn.) (NYSE: TMH) was founded in 1979 and has become one of the largest suppliers of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. Through its six principal service lines located in 12 regional sites, TeamHealth's more than 6,100 affiliated healthcare professionals provide emergency medicine, hospital medicine, teleradiology, urgent care, and pediatric staffing and management services to more than 550 civilian and military hospitals, clinics, and physician groups in 46 states. For more information about TeamHealth (NYSE: TMH), visit TeamHealth | Hospital-Based Physician Services, Emergency Department Staffing, Emergency Medicine Staffing, Physician Staffing Services, Clinical Opportunities, Hospital Services.

Psychiatrists Only

Established in 1998, Psychiatrists Only, LLC is based in Atlanta, Georgia. Psychiatrists Only is a national physician recruitment firm specializing in locum tenens and permanent placement of psychiatrists. The company's success is due to its ability to create desirable matches between healthcare institutions and physicians. For more information about Psychiatrists Only, visit Psychiatrists Only : Locum Tenens for Psychiatrists : Main.

Forward Looking Statements

Statements and information contained herein that are not historical facts and that reflect the current view of Team Health Holdings, Inc. (the "Company") about future events and financial performance are hereby identified as "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these statements can be identified by terms and phrases such as "anticipate," "believe," "intend," "estimate," "expect," "continue," "could," "should," "may," "plan," "project," "predict" and similar expressions. The Company cautions that such "forward looking statements," including without limitation, those relating to the Company's future business prospects, revenue, working capital, professional liability expense, liquidity, capital needs, interest costs and income, wherever they occur in this or in other statements attributable to the Company, are necessarily estimates reflecting the judgment of the Company's senior management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the "forward looking statements." Factors that could cause our actual results to differ materially from those expressed or implied in such forward-looking statements include but are not limited to current or future government regulation of the healthcare industry, exposure to professional liability lawsuits and governmental agency investigations, the adequacy of insurance coverage and insurance reserves, as well as those factors detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company disclaims any intent or obligation to update "forward looking statements" herein to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time.

SOURCE TeamHealth
TeamHealth | Hospital-Based Physician Services, Emergency Department Staffing, Emergency Medicine Staffing, Physician Staffing Services, Clinical Opportunities, Hospital Services

**paperchase** · #5 01-21-2010, 10:08 AM

TeamHealth Expands Into Anesthesia Market With Acquisition of Anesthetix
8:30a ET January 8, 2010 (PR NewsWire)
TeamHealth (NYSE: TMH) announced today the acquisition of Anesthetix Management LLC ("Anesthetix"), a nationally recognized provider of comprehensive anesthesiology and pain management service solutions to hospitals and surgery centers throughout the United States. Headquartered in Palm Beach Gardens, Fla., Anesthetix currently serves clients in 10 states. For the twelve months ending September 30, 2009, Anesthetix reported net revenue of approximately $53 million.

"One of the reasons we were attracted to TeamHealth is that they share our commitment to metrics-driven quality and customer-focused service," says Steven M. Gottlieb, M.D., President and CEO of Anesthetix. "By partnering with TeamHealth, we will have a deeper pool of proven resources to better serve our hospital partners, our surgeon customers, and our outstanding clinicians. This expands our vision for a local delivery model supported by a national platform." Dr. Gottlieb is one of the group's co-founders and will serve as CEO of TeamHealth's anesthesia service line. The group's other co-founder, Tushar Ramani, M.D., will remain with the organization as President of TeamHealth's anesthesia service line.

"Anesthetix has a reputation for recruiting and retaining high quality physicians and CRNAs. We are pleased to have a group of their caliber join TeamHealth," says Greg Roth, President and CEO, TeamHealth. "Our partnership with Anesthetix also demonstrates our commitment to meeting the needs of our hospital clients by providing them with a broader spectrum of services."

About Anesthetix

Founded in 2000, Anesthetix is a nationally recognized provider of comprehensive anesthesiology and pain management services for hospitals and surgery centers throughout the United States. Working with more than 180 providers in 10 states, Anesthetix has developed a unique service platform sought after by both healthcare providers and healthcare managers alike.

**paperchase** · #6 01-21-2010, 10:09 AM

TeamHealth Announces Exercise of Over-Allotment Option for Previously Announced Initial Public Offering
5:18p ET January 11, 2010 (PR NewsWire)
TeamHealth Holdings, Inc. ("TeamHealth") (NYSE: TMH) today announced that the underwriters of its recent initial public offering of common stock exercised in full their over-allotment option to purchase an additional 1,995,000 shares of common stock from the Company at the previously announced price of $12.00 per share. TeamHealth intends to use the additional net proceeds of approximately $22.5 million to redeem, on a pro rata basis, approximately $20.6 million aggregate principal amount of its outstanding 11.25% Senior Subordinated Notes due in 2013 (the "Notes").

BofA Merrill Lynch; Goldman, Sachs & Co.; Barclays Capital and Citi acted as joint book-running managers for the offering. Credit Suisse, Deutsche Bank Securities, UBS Investment Bank, Morgan Keegan & Company, Inc. and Stephens Inc. were the co-managers of the offering.

TeamHealth previously announced a pro rata redemption of approximately $136.9 million of Notes. Two separate notices of redemption reflecting the $136.9 million redemption and the $20.6 million redemption have been sent to all registered holders of the Notes by the Notes trustee, The Bank of New York Mellon Trust Company, N.A.

TeamHealth will redeem Notes held by noteholders on a pro rata basis at a redemption price of 107.000% of the principal amount, plus accrued and unpaid interest, to the applicable redemption dates. TeamHealth intends to consummate the initial $136.9 million redemption on January 25, 2010, and the additional $20.6 million redemption on February 12, 2010.

In addition, TeamHealth also announced the successful completion of an amendment to Team Finance, LLC's ("Team Finances") senior secured credit agreement, effective on December 22, 2009, and that it entered into a new supplemental indenture relating to the Notes. Pursuant to the supplemental indenture, effective December 23, 2009, TeamHealth became a guarantor of Notes to streamline TeamHealth's reporting obligations going forward. The amendment to Team Finance's senior secured credit agreement provides Team Finance additional flexibility under certain of its covenants, including permitting it to make additional investments, loans and advances, to make additional repayments of its senior subordinated notes, and to incur additional earn-out obligations in connection with permitted acquisitions. In addition, lenders holding $125.0 million of commitments in the aggregate under the revolving credit facility agreed to extend the maturity date of their commitments to August 23, 2012.

Under no circumstances shall this press release constitute an offer to buy or the solicitation of an offer to sell the Notes or any other securities of TeamHealth.

**greencat** · #7 01-24-2010, 09:46 PM

TMH Chart

**paperchase** · #8 02-05-2010, 03:48 PM

TeamHealth Holdings, Inc. Announces Fourth Quarter and Full Fiscal 2009 Earnings Release Date and Conference Call
12:00p ET February 3, 2010 (PR NewsWire)
TeamHealth Holdings, Inc. ("TeamHealth") (NYSE: TMH), one of the largest suppliers of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States, today announced that the Company will release its fourth quarter and full fiscal 2009 results after the market closes on Tuesday, February 9, 2010, to be followed by a conference call on Wednesday, February 10 at 10:00 a.m. (Eastern Time).

The conference call can be accessed live over the phone by dialing 1-877-941-8418, or for international callers, 1-480-629-9809. A replay will be available one hour after the call and can be accessed by dialing 1-800-406-7325, or for international callers, 1-303-590-3030. The passcode for the live call and the replay is 4203264. The replay will be available until February 17, 2010.

Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of the Company's website at TeamHealth | Hospital-Based Physician Services, Emergency Department Staffing, Emergency Medicine Staffing, Physician Staffing Services, Clinical Opportunities, Hospital Services. The on-line replay will be available for a limited time beginning immediately following the call.

To learn more about TeamHealth, please visit the company's Web site at TeamHealth | Hospital-Based Physician Services, Emergency Department Staffing, Emergency Medicine Staffing, Physician Staffing Services, Clinical Opportunities, Hospital Services. TeamHealth uses its Web site as a channel of distribution for material Company information. Financial and other material information regarding TeamHealth is routinely posted on the Company's Web site and is readily accessible.

**paperchase** · #9 02-10-2010, 09:41 AM

Team Health Holdings, Inc., Announces Fourth Quarter and Fiscal 2009 Financial Results
5:30p ET February 9, 2010 (PR NewsWire)
Team Health Holdings, Inc. ("TeamHealth") (NYSE: TMH), one of the largest suppliers of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States, today announced results for its fourth quarter and full fiscal year 2009.

"The fourth quarter of 2009 proved to be a landmark quarter for TeamHealth, and we are pleased to again report consistent improvement in our operating and financial performance for the fourth quarter and full year 2009," said TeamHealth President and Chief Executive Officer Greg Roth. "We are also very pleased to have successfully completed our initial public offering in December, which provides our organization with greater financial flexibility as we pursue our multiple growth initiatives in our market place, as evidenced by the completion of three acquisitions during the quarter," added Roth.

Initial Public Offering

In December 2009, the Company completed its IPO of 13,300,000 shares. Including the subsequent exercise of the underwriters' over-allotment option of 1,995,000 shares, a total of 15,295,000 shares were sold. Total outstanding common shares were 62,401,000 as of December 31, 2009, and total outstanding common shares after exercise of the over-allotment option were 64,396,000.

The Company's net proceeds of approximately $168.5 million from the offering are being used for the pro rata redemption of approximately $157.5 million aggregate amount of its outstanding 11.25% Senior Subordinated Notes due 2013. TeamHealth completed the initial $136.9 million redemption on January 25, 2010, and the additional $20.6 million redemption using the over-allotment option proceeds is scheduled to be completed on February 12, 2010.

Fiscal 2009 Fourth Quarter Results

Net Revenue less provision for uncollectibles increased 5.2% to $348.8 million over the same period in the prior year.

Reported net loss of $14.5 million or $0.28 pro forma diluted net loss per share. Net Earnings were $9.6 million, or $0.19 pro forma diluted net earnings per share, after excluding costs associated with our IPO and acquisition related charges totaling $39.6 million on a pretax basis ($24.1 million after-tax)

Adjusted EBITDA (excluding the effects of professional liability loss reserve adjustments) increased 34.8% to $31.5 million over the same period in the prior year.

Net revenue less provision for uncollectibles ("revenue less provision") in the fourth quarter of 2009 increased 5.2% to $348.8 million from $331.5 million in the fourth quarter of 2008. Net revenue less provision from same contracts and acquisitions contributed 6.1% and 1.1%, respectively, of the 5.2% growth between quarters. New contracts, net of terminations, excluding contracting changes within the military division, contributed 0.7% of growth. New contracts, net of terminations within the military division, unfavorably impacted quarter over quarter net revenue growth by 2.7%.

Same contract revenue less provision for the fourth quarter of 2009 increased 6.8% to $317.3 million from $297.0 million in the same period a year ago. During the fourth quarter of 2009, growth in same contract revenue less provision was positively impacted by an increase in fee for service visits and procedures of 9.7%, which contributed approximately 6.7% of same contract revenue growth between quarters, while increases in estimated collections per visit contributed approximately 1.3% of same contract growth. Declines in contract and other revenue, primarily associated with the locum tenens and military divisions, constrained same contract revenue growth by 1.2%. Acquisitions contributed $3.5 million of growth between periods while new sales, net of contracts that terminated in the period, contributed a decline in revenue of $6.5 million between periods. Excluding the impact of contracting changes within the military division, net new contract revenue increased by $2.3 million.

Reported net loss was $14.5 million in the fourth quarter of 2009, or $0.28 pro forma diluted net loss per share, compared to a net loss of $5.4 million, or $0.11 pro forma diluted net loss per share in the same quarter of 2008. Included in the fourth quarter 2009 results were one-time fees associated with the IPO of approximately $37.4 million and transaction and other costs of $2.2 million. Included in the fourth quarter 2008 results were an impairment charge of $9.1 million, $0.6 million in transaction costs and a $1.6 million gain on the extinguishment of debt. Financial results for the fourth quarter of 2008 also reflected an unfavorable adjustment to prior year professional liability reserves of $5.4 million associated with a revaluation of the discounted carrying value of the prior year professional liability reserves due to the decline in the interest rate environment during the fourth quarter of 2008. In the fourth quarter of 2009, no adjustments to professional liability reserves associated with prior years were recorded.

Adjusted EBITDA for the fourth quarter of 2009 was $31.5 million, an increase of 34.8% from $23.4 million in the same quarter of 2008 (excluding the effect of the professional liability loss reserve adjustment in 2008).

Fiscal 2009 Full Year Results

Net Revenue less provision for uncollectibles increased 6.9% to $1.42 billion over fiscal 2008.

Reported net earnings were $40.7 million or $0.82 pro forma diluted net earnings per share. Net earnings were $55.4 million, or $1.11 pro forma diluted net earnings per share, after excluding favorable professional liability loss reserve adjustments, costs associated with the IPO, and acquisition related and management fee charges totaling $23.7 million on a pretax basis ($14.7 million after-tax)

Adjusted EBITDA (excluding the effects of professional liability loss reserve adjustments) increased 21.8% to $149.7 million over fiscal 2008.

Revenue less provision for the year ended December 31, 2009, increased 6.9% to $1.42 billion from $1.33 billion in fiscal 2008. Revenue less provision from same contracts contributed 5.2% of growth between fiscal years while acquisitions contributed 0.9%. New contracts, net of terminations, excluding contracting changes within the military division, contributed 1.6% of growth. New contracts, net of terminations within the military division, unfavorably impacted net revenue growth by 0.8%.

Same contract revenue less provision for the year ended December 31, 2009, increased 6.1% to $1.21 billion from $1.14 billion in fiscal 2008. Same contract revenue growth during the year benefited from a 5.9% increase in fee for service visits and procedures which contributed approximately 4.1% of year-over-year growth, while increases in estimated collections per visit contributed an additional 1.8% of growth in same contract revenue between years. Acquisitions and new sales, net of contracts that terminated in the period, contributed $11.6 million and $10.7 million of growth between periods, respectively. Excluding the impact of contracting changes within the military division, net new contract revenue increased by $21.4 million.

Reported net earnings were $40.7 million, or $0.82 pro forma diluted net earnings per share, for the year ended December 31, 2009, compared to $44.7 million, or $0.91 pro forma diluted net earnings per share, in fiscal 2008. Financial results for the years ended December 31, 2009 and 2008 reflected reductions of professional liability reserves related to prior years of $18.8 million and $34.9 million, respectively.

Adjusted EBITDA (excluding the effects of professional liability loss reserve adjustments) for the year ended December 31, 2009, was $149.7 million, an increase of 21.8% from $122.9 million in fiscal 2008.

As of December 31, 2009, the Company had cash and cash equivalents of approximately $170.3 million and a revolving credit facility of $125.0 million (without giving effect to $7.7 million of undrawn letters of credit). Included in the cash and cash equivalents were proceeds of the IPO that have since been applied to debt reduction. Excluding the IPO proceeds, cash was approximately $23.7 million. During the year ended December 31, 2009, the Company made scheduled debt payments of $4.3 million. As a result, the Company's total outstanding debt as of December 31, 2009, was $611.0 million and there were no amounts outstanding under the revolving credit facility. After giving effect to the redemptions of the 11.25% Senior Subordinated Notes in January and February of 2010 in the aggregate amount of $157.5 million, total outstanding debt will be $453.5 million.

Cash flow provided by operations for the year ended December 31, 2009, increased to $82.8 million compared to $62.0 million for fiscal 2008. Included within operating cash flow in 2009 was approximately $32.7 million of cash costs associated with the IPO. Excluding after tax costs associated with the IPO, 2009 operating cash flows would have been $103.1 million. Contributing to the increase in operating cash flow between years were improvements in profitability, lower levels of accounts receivable funding, and reductions in interest payments during fiscal 2009 compared to fiscal 2008.

"Our focus on reducing our cost structure and enhancing our revenue cycle process not only aligned our operations with current market conditions, but has also generated increased cash flow that has provided greater financial flexibility in making further investments in the growth and efficiency of our business. Our organization is in a stronger strategic position, and we are excited about the opportunities to accelerate our gains in profitable market share and to drive increasing value for our shareholders." concluded Roth.

Lynn Massingale, M.D., Executive Chairman of TeamHealth, added, "The financial benefits from our IPO, combined with the consistency of our financial performance, will continue to enable us to recruit and retain high quality physicians and other clinicians who do an outstanding job of caring for the patients of our hospital clients. Additionally, our financial performance allows us to continue to invest in resources that support our clinicians and drive value for our hospital clients."

Conference Call

As previously announced, TeamHealth will hold a conference call tomorrow, February 10, to discuss its fiscal fourth quarter and full-year 2009 results at 10:00 a.m. (Eastern Standard Time). The conference call can be accessed live over the phone by dialing 1-877-941-8418, or for international callers, 1-480-629-9809. A replay will be available one hour after the call and can be accessed by dialing 1-800-406-7325, or for international callers, 1-303-590-3030. The passcode for the live call and the replay is 4203264. The replay will be available until February 17, 2010.

Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of the Company's website at TeamHealth | Hospital-Based Physician Services, Emergency Department Staffing, Emergency Medicine Staffing, Physician Staffing Services, Clinical Opportunities, Hospital Services. The on-line replay will remain available for a limited time beginning immediately following the call in the Investor Relations section of the Company's website at TeamHealth | Hospital-Based Physician Services, Emergency Department Staffing, Emergency Medicine Staffing, Physician Staffing Services, Clinical Opportunities, Hospital Services.

To learn more about TeamHealth, please visit the company's Web site at TeamHealth | Hospital-Based Physician Services, Emergency Department Staffing, Emergency Medicine Staffing, Physician Staffing Services, Clinical Opportunities, Hospital Services. TeamHealth uses its Web site as a channel of distribution for material Company information. Financial and other material information regarding TeamHealth is routinely posted on the Company's Web site and is readily accessible.