Wells Fargo Starts Team Health (TMH) at Market Perform; Reform for Uncollectibles

September 6, 2012 7:34 AM EDT
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Price: $43.45 --0%

Rating Summary:
    4 Buy, 14 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 5 | Down: 5 | New: 0
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Wells Fargo initiates coverage on Team Health (NYSE: TMH) with a Market Perform. PT range $35-$36.

Analyst, Gary Lieberman, said, "TMH should benefit from the implementation of the Affordable Care Act (ACA) since 74% of its revenue comes from the ER, which has the greatest exposure to the uninsured...While many investors remain on the sidelines due to the fear of significant cuts to hospital reimbursement as part of the resolution of the fiscal cliff, we believe TMH has significantly less reimbursement risk since the majority of its revenue is reimbursed through the physician fee schedule, which is at less of a risk for cuts than hospital inpatient or outpatient reimbursement, in our view."

For an analyst ratings summary and ratings history on Team Health click here. For more ratings news on Team Health click here.

Shares of Team Health closed at $28.73 yesterday.

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