(Bloomberg) -- Team Health Holdings Inc. agreed to acquire IPC Healthcare Inc. for about $1.6 billion including debt to expand in the business of providing doctor staffing to hospitals and other medical facilities.
The all-cash transaction is valued at $80.25 a share, the companies said Tuesday in a statement. That would represent a 37 percent premium to IPC’s closing share price Monday.
IPC specializes in providing medical staff for patients who are hospitalized or need additional follow-up care.
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