Team Health to buy IPC Healthcare for $1.6 billion

Team Health Holdings Inc. agreed to acquire IPC Healthcare Inc. for about $1.6 billion including debt to expand its TeamHealth business of providing doctor staffing to hospitals and other medical facilities.

By Zachary Tracer | Updated on August 04, 2015

(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.

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