Expands Presence in the Midwest
KNOXVILLE, Tenn., Oct. 3, 2011 /PRNewswire/ -- TeamHealth Holdings Inc. (NYSE: TMH), announced the expansion of the TeamHealth presence in the Midwest with the acquisition of the operations of Chicago-based Midwest Emergency Associates (NYSEMKT:MEA) and its related entities. Through this relationship, TeamHealth will assume the management and staffing of 12 emergency departments and four urgent care centers totaling approximately 500,000 annual patient visits.
MEA's current leadership team will continue to serve its existing clients out of the Chicago-based office while seeking opportunities for growth throughout Illinois, Wisconsin, Missouri and Indiana.
"Since 1991, Midwest Emergency Associates has become a recognized leader in emergency medical care throughout the Midwest," states Saif Nazir, MD, FACEP, Chief Executive Officer, MEA. "As the healthcare industry evolves and emergency care becomes more complex, we recognized that we needed a partner with the resources that would support our infrastructure. This would not only help us increase our level of support to our existing hospital clients, but it would also allow us to continue to exist as a local group and grow within our region. We selected TeamHealth because they share our values of service, leadership and an unwavering focus on patient care."
"We are pleased to welcome Midwest Emergency Associates to TeamHealth," states Lynn Massingale, MD, FACEP, Executive Chairman, TeamHealth. "Their group of more than 250 physicians and other clinicians has established a reputation for providing exceptional service to their hospital clients and the communities they serve and are recognized national leaders in the areas of patient safety and risk management."
"We are excited to add such high-caliber individuals to TeamHealth," states Greg Roth, President and CEO, TeamHealth. "We look forward to the opportunity to adopt some of their best practices and to provide the resources and infrastructure to support them in growing their customer base and expanding the level of service they provide."
TeamHealth (NYSE: TMH) was founded in 1979 and has become one of the largest suppliers of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. Through its six principal service lines located in 15 regional sites, TeamHealth's approximately 6,900 affiliated healthcare professionals provide emergency medicine, anesthesiology, hospital medicine, and pediatric staffing and management services to more than 700 civilian and military hospitals, clinics and physician groups in 46 states. The term "TeamHealth" as used throughout this release includes TeamHealth, Inc., and all of its related entities, companies, affiliates, subsidiaries and affiliated physician groups.