TeamHealth to Acquire IPC Healthcare for $1.6 Billion, Creating Leading Physician Services Organization
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Leerink Partners Remain Bullish on TeamHealth Holdings (TMH) Following 2Q15 Results
August 5, 2015 9:10 AM EDTLeerink Partners reiterated an Outperform rating and $80.00 price target on Team Health (NYSE: TMH) following 2Q15 report. Net revenue at $878MM beat consensus at $833B. Adjusted EPS at $0.70 beat consensus by 1.4%.
Analyst Ana Gupte commented, "TMH (OP) reported 2Q15 earnings today before market open. Net revenue beat consensus by 5.5% driven acquisitions and new contracts exhibiting sequential and YoY improvement... More
Team Health (TMH) PT Raised to $72 at Piper Jaffray Following IPC Deal
August 5, 2015 9:01 AM EDTPiper Jaffray analyst Kevin Ellich reiterated an Overweight rating and raised his price target on Team Health (NYSE: TMH) to $72.00 (from $68.00), saying they remain buyers of the stock after the the company announced a definitive agreement to acquire IPCM for $1.6B.
Ellich... More
William Blair Downgrades IPC The Hospitalist Company (IPCM) to Market Perform
August 4, 2015 11:36 AM EDTWilliam Blair downgraded IPC The Hospitalist Company (NASDAQ: IPCM) from Outperform to Market Perform.
For an analyst ratings summary and ratings history on IPC The Hospitalist Company click here. For more ratings news on IPC The Hospitalist Company click here.
Shares of IPC The Hospitalist Company closed at $58.46 yesterday.
... MoreTeamHealth Holdings (TMH) Tops Q2 EPS by 1c
August 4, 2015 8:18 AM EDTTeamHealth Holdings (NYSE: TMH) reported Q2 EPS of $0.70, $0.01 better than the analyst estimate of $0.69. Revenue for the quarter came in at $787 million versus the consensus estimate of $832.41 million.
For earnings history and earnings-related data on TeamHealth Holdings (TMH) click here.
... MoreTeamHealth Holdings (TMH) to Acquire IPC Healthcare (IPCM) in ~$1.6B Deal
August 4, 2015 8:16 AM EDTTeamHealth Holdings (NYSE: TMH) announced a definitive agreement to acquire IPC Healthcare Inc. ("IPC Healthcare") (Nasdaq: IPCM), a leading national acute hospitalist and post-acute provider organization, in an all-cash transaction with an enterprise value of approximately $1.6 billion or $80.25 per share. The boards of directors of both companies have approved the transaction.
"We are excited to announce this strategic transaction with IPC Healthcare to create the leading physician services organization spanning multiple specialties," said TeamHealth President and Chief Executive Officer, Mike Snow. "Through this combination, TeamHealth... More
