TeamHealth recorded $14.2 million in profit, a 16.2 percent drop from $16.8 million in the same quarter a year ago. Adjusted EBITDA increased 14.6 percent to $55.1 million.
TeamHealth’s second quarter profit took a hit due to increased expenses. Higher professional liability expenses, liability costs and other administrative expenses all ate at the profit margins. However, increased business from fee-for-service contracts and other revenue offset some of the decreased net earnings.
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