RBC Capital Downgrades IPC The Hospitalist Company (IPCM) to Sector Perform

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Go back to RBC Capital Downgrades IPC The Hospitalist Company (IPCM) to Sector Perform

Team Health Holdings, Inc. Announces Second Quarter 2015 Financial Results

August 4, 2015 8:15 AM EDT

KNOXVILLE, Tenn., Aug. 4, 2015 /PRNewswire/ --

Second Quarter 2015 Highlights:

Net Revenue increased to $878.0 million; 30.1% over second quarter of 2014 Net earnings attributable to Team Health Holdings, Inc. ("Net earnings") were $28.9 million; $51.2 million after adjustments Diluted net earnings per share of $0.39; Adjusted EPS of $0.70 Adjusted EBITDA increased 15.2% to $99.4 million

2015 Outlook:

Projected 2015 net revenue growth increased to a range of 24.0% to 26.0%; Adjusted EBITDA margin remains between 10.5% and 11.0%

Agreement with IPC Healthcare:

Company enters... More