Summary: Team Health Inc. Apr 01
- ID: 1871001
- April 2001
- Standard & Poors
The speculative-grade ratings on Team Health Inc. reflect the staffing firm's diversified base of customers for its emergency room physicians, offset by its significant debt, strong competition, and industry-wide pricing pressures. Knoxville, Tenn.-based Team Health is the largest provider of outsourced physician staffing services in the U.S. Team Health's buyout from MedPartners Inc. in 1999 saddled the company with a highly leveraged financial position. In the emergency department, Team Health competes with one larger, but financially troubled competitor, as well as with a host of well-entrenched regional providers. While pricing has been more favorable recently, it remains subject to changes in third-party reimbursement to physicians. Bad-debt experience may increase if the uninsured population resumes its growth. Moreover, the company's cost...
Companies mentioned in this report are: Team Health Inc.
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