The Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board have completed their acquisition of U.S.-based TeamHealth Holdings Inc. for about $58 per share.
The investment in the physician-services organization, which totalled about $8 billion, will take the previously publicly held company private. Other investors include funds affiliated with Blackstone, a global asset manager, and the National Pension Service of Korea.
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“We are pleased to reach this significant milestone at TeamHealth,” said Leif Murphy, president and chief executive officer of TeamHealth.
“We are committed to delivering the highest quality of patient care and supporting our affiliated clinicians and hospital and post-acute partners. With Blackstone’s support, we look forward to continuing to leverage our national scale and functional expertise to drive high-quality patient care, operational efficiencies and clinician satisfaction in hospital-based and post-acute settings.”
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Working with more than 20,000 affiliated physicians and clinicians, TeamHealth offers outsourced services in areas such as emergency and critical care, anesthesiology and acute-care surgery to about 3,300 facilities and physician groups.