Team Health (TMH) Worth $45-$58 in 'Take Private' Deal - Jefferies
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Jefferies analyst Brian Tanquilut weighed in on Team Health (NYSE: TMH) following reports Tuesday the company is in discussions with private equity sponsors to potentially take the company private. Tanquilut said the reports make sense.
"Given TMH's position as the #2 ER and #1 hospitalist operator in the US, we see strategic value in the asset, especially as sector consolidation accelerates further and scale gains more importance," he commented. "Given recent PE deals in the space, we believe TMH can go private for $45-$58/share."
The firm maintained a Buy rating and price target of $47.00
Shares of Team Health closed at $38.20 yesterday.
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