Darspal S Mann
Long/short equity, growth at reasonable price, special situations, deep value

Team Health: Bid Is Gone, But Demand For Physician Staffing Assets Only Getting Better

Even though Team Health Holdings (TMH) stock is down 35-40% over the past six months, the concerns around the name are hardly related to the core operations, but more related to new acquisitions and rejected acquisition offers, both to the investor's discomfort, especially short-term focused investors. But this may be a good time to take a closer look, since fundamentals of the broader physician staffing space and the company look set to benefit from consolidation in the space and the integration of the recently acquired IPC Healthcare.

Besides the market and usual challenges associated with the integration of a new acquisition, investors are concerned about the high leverage, rightfully so considering the doubling of net debt/ adjusted EBITDA

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details