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Blackstone closes $6.1B deal to acquire TeamHealth

New York City-based global asset manager Blackstone successfully closed its acquisition of Knoxville, Tenn.-based TeamHealth Holdings, a physician services organization.

Officials publicized the $6.1 billion transaction Oct. 31, 2016.

Under the terms of the agreement, TeamHealth is now a privately held company and will no longer be traded on the New York Stock Exchange, effective today.

"We are pleased to reach this significant milestone at TeamHealth," said Leif Murphy, president and CEO 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." 

More articles on transaction and valuations:
Rennova Health rebrands recently acquired Tenn. hospital
Mednax acquires Texas multispecialty practice
29 recent hospital transactions and partnerships

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