TeamHealth Holdings News Release (07/30/13)
Team Health Holdings Inc. reported net revenue of $579.7 million for the second quarter of 2013, up 14.5% from $506.3 million during the same period last year. The company’s net earnings were $18.4 million, compared with $14.1 million in the second quarter of 2012 (up 30%).
Net revenue was $1.16 billion for the first half of 2013, up 17.3% from $985 million in the year-ago period. Over the same time span, the company’s net earnings rose to $36.5 million from $28.5 million (up 28%).
Meanwhile, the company has announced the acquisition of Owosso, MI-based Tri-County Emergency Physicians.