KNOXVILLE, Tenn., June 2, 2016 /PRNewswire/ -- Team Health Holdings, Inc. ("TeamHealth" or the "Company") (NYSE: TMH), a leading physician services organization, held its 2016 Annual Meeting of Shareholders on May 25, 2016.
Lynn Massingale, MD, co-founder and Executive Chairman of TeamHealth, and Michael D. Snow, President and CEO of TeamHealth, were re-elected to the Company's Board of Directors (the "Board") as Class I directors. In addition, Scott Ostfeld, Partner of JANA and Co-Portfolio Manager of JANA Strategic Investments, and Edwin "Mac" Crawford, former Chairman of CVS Caremark Corporation, were elected to the Company's Board as Class I directors. The four directors will serve until the 2019 Annual Meeting of Shareholders and until their successors have been duly elected and qualified.
The Company also announced that the TeamHealth Board appointed James "Jim" L. Bierman, a member of TeamHealth's Board and former President and CEO of Owens & Minor, Inc., to the newly created position of Lead Director.
"On behalf of the entire Board, we thank our shareholders for their support of this slate of candidates, particularly our newest members, Scott and Mac," said Dr. Massingale. "We look forward to their continued contributions to our Board as we execute on our strategic plan and enhance shareholder value."
Dr. Massingale added, "We welcome Jim as the Company's Lead Director. Jim's significant leadership experience having previously served as CEO of one large public company and CFO of two large public companies make him an exceptional fit for this role. Having served on our Board since 2010, he knows our Company very well. He has also chaired our audit committee for nearly six years, a position he will continue to hold."
"The newly created position of Lead Director is consistent with our commitment to strong corporate governance," said Vicky B. Gregg, Chair of the TeamHealth Nominating/Governance Committee. "Jim has been with the Company for some time and has a deep understanding of our strategy, our business and our industry. The Company and our shareholders will benefit from his leadership in this new role."
At TeamHealth (NYSE: TMH), our purpose is to perfect our physicians' ability to practice medicine, every day, in everything we do. Through our more than 19,000 affiliated physicians and advanced practice clinicians, TeamHealth offers outsourced emergency medicine, hospital medicine, critical care, anesthesiology, orthopedic hospitalist, acute care surgery, obstetrics and gynecology hospitalist, ambulatory care, post-acute care and medical call center solutions to approximately 3,500 acute and post-acute facilities and physician groups nationwide. Our philosophy is as simple as our goal is singular: we believe better experiences for physicians lead to better outcomes—for patients, hospital partners and physicians alike. Join our team; we value and empower clinicians. Partner with us; we deliver on our promises. Learn more at http://www.teamhealth.com.
The term "TeamHealth" as used throughout this release includes Team Health Holdings, Inc., its subsidiaries, affiliates, affiliated medical groups and providers, all of which are part of the TeamHealth organization. "Providers" are physicians, advanced practice clinicians and other healthcare providers who are employed by or contract with subsidiaries or affiliated entities of Team Health Holdings, Inc. All such providers exercise independent clinical judgment when providing patient care. Team Health Holdings, Inc., does not have any employees, does not contract with providers and does not practice medicine.
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