KNOXVILLE, Tenn., Aug. 16 /PRNewswire/ -- Team Health, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed Initial Public Offering ("IPO") of its common stock.
The shares in the IPO are being offered by Team Health and certain selling stockholders. Team Health, Inc. intends to apply to have its shares listed on the New York Stock Exchange under the ticker symbol "THH." The IPO is expected to take place later this year.
Lehman Brothers and Merrill Lynch & Co. as joint book-running managers and JPMorgan are acting as representatives of the underwriters in the IPO.
The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to this offering may be obtained from Lehman Brothers c/o ADP Financial Services, Prospectus Fulfillment, 1155 Long Island Avenue, Edgewood, NY 11717, Email: monica_Castillo@adp.com or Fax (631)254-7268; Merrill Lynch & Co. at 4 World Financial Center, New York, NY 10080; or you may obtain a copy at www.sec.gov.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such 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
Founded in 1979, Team Health is headquartered in Knoxville, Tennessee. Team Health is affiliated with over 7,000 healthcare professionals who provide staffing and administrative services in the areas of emergency medicine, radiology, anesthesia, hospitalist, pediatrics and other healthcare services to over 470 hospital clients and their affiliated clinics and surgical centers in 44 states. For more information about Team Health, visit www.teamhealth.com.
Team Health, Inc.CONTACT: Tracy Young, VP, Communications of Team Health, Inc.,+1-800-818-1498
Web site: http://www.teamhealth.com/