Team Health Holdings, Inc. Prices Initial Public Offering

KNOXVILLE, Tenn., Dec. 16 /PRNewswire-FirstCall/ -- Team Health Holdings, Inc. (the "Company") announced the pricing of its initial public offering of 13,300,000 shares of common stock at $12.00 per share. All of the shares are being offered by the Company. The offering is expected to close on December 21, 2009.

The common stock of the Company will be listed on The New York Stock Exchange and will begin trading today under the symbol "TMH" subject to official notice of issuance.

The underwriters have a 30-day option to purchase up to an additional 1,995,000 shares of common stock from the Company.

The Company intends to use the net proceeds of approximately $146.5 million from the offering to redeem approximately $136.9 million of its existing $203.0 million aggregate principal amount of 11.25% senior subordinated notes due 2013, plus estimated premiums.

BofA Merrill Lynch, Goldman, Sachs & Co., Barclays Capital and Citi are acting as joint book-running managers for the offering. Credit Suisse, Deutsche Bank Securities, UBS Investment Bank, Morgan Keegan & Company, Inc., and Stephens Inc. are the co-managers of the offering. A copy of the final prospectus relating to these securities may be obtained, when available, from any of the following:



    BofA Merrill Lynch
    4 World Financial Center
    New York, NY 10080
    Attention: Preliminary Prospectus Department
    Email: Prospectus.Requests@ml.com

    Goldman, Sachs & Co.
    85 Broad Street
    New York, NY 10004
    Attention: Prospectus Department
    Tel: (866) 471-2526
    Fax: (212) 902-9316
    Email: prospectus-ny@ny.email.gs.com

    Barclays Capital
    c/o Broadridge Integrated Distribution Services
    1155 Long Island Avenue
    Edgewood, NY 11717
    Email: barclaysprospectus@broadridge.com

    Citigroup Global Markets Inc.
    Brooklyn Army Terminal
    140 58th Street, 8th Floor, Brooklyn, New York 11220
    Attention: Prospectus Department
    Email: batprospectusdept@citi.com


This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Team Health Holdings, Inc.

Founded in 1979, Team Health is headquartered in Knoxville, Tenn. Through its six principal service lines located in 12 regional sites, Team Health'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.

SOURCE Team Health Holdings, Inc.



RELATED LINKS
http://www.teamhealth.com

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