New York, February 07, 2017-- Moody's Investors Service commented that Team Health Holding Inc.' s entry into a $60 million settlement with the Justice Department is credit negative because it will modestly reduce the company's liquidity. The settlement will resolve allegations that IPC Healthcare, a business now owned by Team Health, overbilled Medicare, Medicaid, the Defense Health Agency, and the Federal Employees Health Benefits Program for services rendered between...
New York, January 12, 2017-- Moody's Investors Service commented that the change to Blackstone's proposed financing of its acquisition of Team Health Holdings, Inc. is credit positive due to modestly lower expected interest expense. The reduced interest expense will result from a shift of $150 million of previously senior unsecured debt into senior secured borrowings. Given the leverage-neutral nature of this change, there is no impact to the B2 Corporate Family Rating, B2-PD...
CORPORATES ISSUER COMMENT 12 January 2017 Contacts Jonathan Kanarek, CFA 212-553-0340 VP-Senior Analyst [email protected] Peter H. Abdill, CFA 212-553-4024 MD-Corporate Finance [email protected] Team Health Holdings, Inc. Proposed capital structure change credit positive for Team Health Moody’s Investors Service commented that the change to Blackstone's proposed financing of i
CORPORATES CREDIT OPINION 9 January 2017 Update RATINGS Team Health Holdings, Inc. Domicile Knoxville, Tennessee, United States Long Term Rating B2 Type LT Corporate Family Ratings Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Jonathan Kanarek,
New York, January 09, 2017-- Moody's Investors Service today assigned a Caa1 rating to Team Health Holdings, Inc.' s new $1.015 billion senior unsecured notes issuance due 2025. The Caa1 rating reflects the senior unsecured notes' junior position in Team Health's capital structure. Moody's also affirmed its existing ratings on Team Health, including the B2 Corporate Family Rating, B2-PD Probability of Default Rating, and the B1 rating on its senior secured credit facility.
CORPORATES CREDIT OPINION 4 January 2017 New Issue RATINGS Team Health Holdings, Inc. Domicile Knoxville, Tennessee, United States Long Term Rating B2 Type LT Corporate Family Ratings Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Jonathan Kanarek,
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WILMINGTON, Del.--(BUSINESS WIRE)-- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Team Health Holdings, Inc. (NYSE:TMH) (“Team Health” or the “Company”) relating to the sale of the Company to affiliates of private equity firm Blackstone. On October 31, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Blackstone will acqui...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Team Health Holdings, Inc. (NYSE: TMH) (“TMH” or the “Company”) relating to the proposed buyout of TMH by The Blackstone Group L.P. Under the terms of the agreement, TMH shareholders are anticipated to receive $43.50 in cash for each share of TMH common stock held, which is ...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Team Health Holdings, Inc. (NYSE: TMH) (“TMH” or the “Company”) relating to the proposed buyout of TMH by The Blackstone Group L.P. Under the terms of the agreement, TMH shareholders are anticipated to receive $43.50 in cash for each share of TMH common stock held, which is ...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of Team Health Holdings, Inc. (NYSE: TMH)? Did you purchase any of your shares prior to October 31, 2016? Do you think the proposed buyout price is too low? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Team Health Holdings, Inc. (“TeamHealth” or the “Company”) (NYSE: TM...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased TeamHealth Holdings, Inc. (NYSE:TMH) stock prior to October 31, 2016. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of TeamHealth Holdings, Inc. to Blackstone Group LP. Under the terms of the transaction, TeamHealth shareholders will receive $43.50 per share. To learn more about the action and your rights, go to: ...
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Team Health Holdings, Inc. (“Team Health”) (NYSE: TMH) concerning the sale to The Blackstone Group L.P. Under the terms of the agreement, Team Health shareholders will only receive $43.50 for each share owned, which is virtually no premium over the 52-week high and lower than at least one analyst’s estimated...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased TeamHealth Holdings, Inc. (NYSE:TMH) stock prior to October 31, 2016. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of TeamHealth Holdings, Inc. to Blackstone Group LP. Under the terms of the transaction, TeamHealth shareholders will receive $43.50 per share. To learn more about the action and your rights, go to: ...
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