TeamHealth to buy IPC Healthcare in $1.6 bln deal
Aug 4 (Reuters) - TeamHealth Holdings Inc said it would buy IPC Healthcare Inc in a deal valued at $1.6 billion to expand its business that supplies doctors to U.S. hospitals.
TeamHealth is offering $80.25 for every IPC share, a premium of 37.3 percent to IPC's Monday closing price of $56.46.
(Reporting by Amrutha Penumudi in Bengaluru; Editing by Don Sebastian)