KNOXVILLE, Tenn. (AP) — Team Health said Tuesday that a secondary offering of about 9.6 million shares of its common stock has been priced at $33.40 per share.

That is almost 2 percent below their closing price of $33.94 on Monday.

Ensemble Parent is selling the majority of the shares, which represents its remaining stock in the company. Some of Team Health's executives and board members are also selling stock. Ensemble Parent is an investment fund affiliated with investment manager The Blackstone Group.

Team Health Holdings Inc., which provides physician staffing services for hospitals, is based in Knoxville, Tenn.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.