TeamHealth Reports Q1 Net Revenue of $21.6M

TeamHealth, a Knoxville, Tenn.-based provider of outsourced healthcare professional staffing and administrative services, reported net revenues of 21.6 million during the first quarter of 2011, according to a company news release.

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Lynn Massingale, MD, executive chairman of TeamHealth, attributed the company’s success to recent acquisitions and a strong reputation among physician groups and hospitals. Acquisitions contributed $16.2 million of growth between the quarters and 4.4 percent of the revenue growth less provision, reported as $412.5 million.

The company also reported a decline of $5.8 million due to changes within military staffing contracts.

Read the release on the financial report from TeamHealth.

Related Articles on TeamHealth:

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TeamHealth Acquires Anesthetix Management

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