Blackstone to buy TeamHealth for $6.1 billion
TeamHealth has been the target of activist investor Jana Partners since February, when the hedge fund disclosed an eight per cent stake in the firm
TeamHealth Holdings on Monday said private equity firm Blackstone Group would buy it for $6.1 billion, in a deal meant to help the US hospital staffing firm better cope with pricing pressure during a wave of consolidation. TeamHealth has been the target of activist investor Jana Partners since February, when the hedge fund disclosed an eight per cent stake in the firm.