Monday, March 01, 2010

TeamHealth thrives with PE players, IPO

Josh Flory of the KNS provides a great backgrounder on how TeamHealth, the hospital staffing company built in Knoxville the past 31 years, lived and thrived with private-equity investors, despite hurdles, and then went public in December. PE players have included Blackstone Group and affiliates of Madison Dearborn Partners, Cornerstone Equity Investors LLC and Beecken Petty O'Keefe & Company. TeamHealth is still trying to paydown massive debt incurred under the PE investors. The KNS story is here.

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