Team Health's secondary offering closes

Team Health's secondary offering of 8 million shares closed

Associated Press

KNOXVILLE, Tenn. (AP) -- A secondary offering of 8 million shares from Team Health Holdings has closed, the company said Monday.

The shares were sold by Ensemble Parent LLC, an investment fund affiliated with The Blackstone Group L.P. Credit Suisse was the sole bookrunner for the offering.

Team Health Holdings Inc., based in Knoxville, Tenn., did not receive any proceeds from the offering.

Shares of the company, which provides physician staffing services for hospitals, fell 13 cents to $28.92, in line with the broader market.