Wikipedia:Articles for deletion/TeamHealth


 * The following discussion is an archived debate of the proposed deletion of the article below. Please do not modify it. Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review).  No further edits should be made to this page.

The result was no consensus. Killiondude (talk) 06:56, 2 January 2018 (UTC)

TeamHealth

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he coverage (references, external links, etc.) does not seem sufficient to justify this article passing General notability guideline and the more detailed Notability (companies) requirement. It's all press releases, business as usual factoids, or their reprints. No serious analysis, significance, coverage, etc. WP:NOTYELLOWPAGES. Piotr Konieczny aka Prokonsul Piotrus&#124; reply here 08:56, 11 December 2017 (UTC)
 * Note: This debate has been included in the list of Companies-related deletion discussions. Merry Christmas! Baby miss  fortune 09:34, 11 December 2017 (UTC)
 * Note: This debate has been included in the list of Tennessee-related deletion discussions. Merry Christmas! Baby miss  fortune 09:35, 11 December 2017 (UTC)
 * Note: This debate has been included in the list of Medicine-related deletion discussions. North America1000 17:38, 11 December 2017 (UTC)

 Relisted to generate a more thorough discussion and clearer consensus.

Please add new comments below this notice. Thanks, North America1000 02:53, 18 December 2017 (UTC)

Keep per the significant coverage in multiple independent reliable sources.  The article notes that TeamHealth's ranked 672 on the Fortune 1000 and had $3,141,700,000 in revenue, $65,500,000 in profit, and $928,300,000 in assets.   The article notes: "AmSurg, of Nashville, Tenn., had gone public with its offers in an effort to put pressure on Team Health to negotiate a deal. Combining the two companies would represent the latest deal in a consolidating health-care sector and create a major national provider of outsourced physician services, with a network of more than 1,200 hospitals and about 20,000 doctors. AmSurg’s new proposal valued Team Health at $69.32, a premium of 16% from the close Friday and 32% from Oct. 19, the day before The Wall Street Journal reported on AmSurg’s previous offer. However, the latest cash-and-stock bid is below the offer’s original value of $71.47 because of the subsequent 10% decline in AmSurg’s stock price. As a result, AmSurg’s latest bid valued Team Health at closer to $5 billion, whereas the previous offer was worth more than $5 billion. The values were based on AmSurg’s closing price on the day before the offer was made public."   The article notes: "Several companies are also amassing doctors who specialize in fields like emergency medicine, trying to capture a sizable share of the physicians in that field and also expanding into related areas. In November, TeamHealth, which has about 16,000 doctors, bought IPC Healthcare, which specializes in care within the hospital, for $1.6 billion."</li> <li> The article notes: "The AmSurg Corporation, which operates outpatient surgery centers, wants to expand its physician-outsourcing services by merging with TeamHealth Holdings. In dueling letters made public on Tuesday, TeamHealth made it clear that the financial proposal was not good enough. AmSurg first met with TeamHealth on Sept. 30 to discuss a merger of the two companies. AmSurg offered to pay $7.8 billion in cash and stock. But TeamHealth said the proposed valuation was too low and rejected the offer. ... One of TeamHealth’s key obstacles was its $1.6 billion acquisition of IPC Healthcare, which was announced in August. TeamHealth wanted to focus on integrating the short-term care provider after the deal, which is expected to close by the end of the year. AmSurg said that its proposed merger would not delay or harm TeamHealth’s deal with IPC Healthcare."</li> <li> The article notes: "Early Monday morning, AmSurg Corporation gave TeamHealth Holdings an ultimatum: Accept our $7.6 billion takeover proposal by 4 p.m. on Tuesday or we withdraw. About 24 hours ahead of the deadline, AmSurg retracted its cash-and-stock offer after TeamHealth said the new bid still undervalued the company. The now-abandoned deal would have combined AmSurg, which operates outpatient surgery centers, with TeamHealth, a provider of physician outsourcing services."</li> <li> The article notes: "Almost exactly a year ago, TeamHealth Holdings, a provider of physician outsourcing services, rebuffed a takeover offer from its rival AmSurg for nearly $8 billion, saying the proposed valuation was too low. Shareholders balked, and the stock price tumbled. Now, TeamHealth has finally agreed to be sold, but at a large discount to that offer, which was made Nov. 2, 2015. This time, TeamHealth agreed to be sold to funds associated with the Blackstone Group for about $6.1 billion, including debt, according to a news release Monday. ...  It is a return trip for the private equity firm, which bought TeamHealth in 2005 and took it public four years later."</li> <li> The article notes: "TeamHealth Holdings, Inc. announced on Monday that it will be reacquired by Blackstone, a leading global asset manager, as a response to 'complexities and challenges' in the health care industry, TeamHealth spokeswoman Melinda Collins wrote in an email to the News Sentinel. ... It was the opposite sentiment that caused TeamHealth to go public in 2009, four years after the company was first acquired by Blackstone.  ...  Upon completion of the $6.1 billion transaction, TeamHealth again will become a privately held company, wholly owned by funds affiliated with Blackstone, and no longer will be traded on the New York Stock Exchange."</li> <li> The article notes: "TeamHealth is also increasing its local presence. In October, Knoxville City Council members approved a nearly $900,000 tax break for TeamHealth to expand its corporate headquarters, creating 250 new jobs. In January the company announced a $17 million expansion in Blount County that would add 450 jobs. ... TeamHealth Holdings reported 2014 revenues of $2.82 billion, up 18 percent from 2013. It employs more than 1,600 East Tennesseans."</li> <li> The article notes: "TeamHealth, of Knoxville, Tenn., is one of the nation's largest providers of hospital outsourcing services. It serves more than 600 hospitals, clinics and doctors groups in 45 states."</li> <li> The article notes: "CEP America had been providing services to the two emergency departments but Memorial has decided to switch to TeamHealth for the services.“Changing the contract from CEP to TeamHealth does not prohibit any current physicians from working at Memorial, to our knowledge. Memorial would like nothing better than for all current providers to consider joining TeamHealth and continue a working relationship at Memorial,” spokeswoman Anne Thomure said in an email. Last year, Memorial established a partnership with BJC HealthCare of St. Louis and Thomure said nine BJC hospitals already use TeamHealth for emergency department services.The terms of the contracts involving doctors at Memorial were not released. ...  TeamHealth has more than 19,000 clinicians in hospitals across the country, Thomure said.“TeamHealth has invited CEP America personnel to explore their employment opportunities,” Thomure said in an email. “While Memorial certainly supports CEP personnel talking to TeamHealth, it ultimately is the decision of those employees to talk with them.”"</li> </ol>There is sufficient coverage in reliable sources to allow TeamHealth to pass Notability, which requires "significant coverage in reliable sources that are independent of the subject". Cunard (talk) 04:17, 18 December 2017 (UTC) </li></ul>
 * TeamHealth was ranked 672 on the Fortune 1000 in 2012. It went public in 2009 on the New York Stock Exchange. It rejected a $7.6 billion acquisition offer from AmSurg in 2015 and accepted a $6.1 billion offer from The Blackstone Group in 2016. It clearly passes Notability and Notability (organizations and companies). Cunard (talk) 04:17, 18 December 2017 (UTC)

<div class="xfd_relist" style="border-top: 1px solid #AAA; border-bottom: 1px solid #AAA; padding: 0px 25px;"> Relisted to generate a more thorough discussion and clearer consensus.

Please add new comments below this notice. Thanks, North America1000 04:21, 26 December 2017 (UTC)
 * Keep -- $3Bln in revenue & WP:LISTED meets my personal threshold for corporate notability. The article is not terribly promotional at this time, and sources above are indicative of notability. K.e.coffman (talk) 19:24, 26 December 2017 (UTC)
 * Delete I've read all of the references put forward by above and (as is usual with most of Cunard's posts at AfD) not one single reference is "independent of the subject". Contrary to the interpretation constantly put forward, "indepedent of the subject" does not mean that the publisher of the reference is not connected with the company - it means that the reference does not rely on company announcements or quotations from company execs, etc, but that the reference contains independent analysis and/or opinion. The fortune reference is a run-of-the-mill listing and fails WP:CORPDEPTH. A couple of others like the nola.com and the bnd.com references name-check the company but rely on quotations from a hospital board meeting or other spokepersons and fails WP:CORPDEPTH and/or WP:ORGIND. All of the rest including the knownews.com, NYT and WSJ references are based on company announcements with no independent analysis or opinion and these references fail WP:ORGIND. Without two intellectually independent references, this topic fails GNG and WP:NCORP.  -- HighKing ++ 14:07, 27 December 2017 (UTC)
 * Delete because this is a spammy article and spammy as they come, I read those sources and they're spammy as can be too. Hey you, yeah you! (talk) 18:17, 28 December 2017 (UTC)
 * Sock !vote struck. Lepricavark (talk) 01:17, 29 December 2017 (UTC)


 * Delete The articles posted above which mention TeamHealth do so only as a feature of TeamHealth in relation to something else: be it TeamHealth as a merger partner with another company; TeamHealth as one of many choices that another institution — a hospital — seeks to contract with; TeamHealth entering settlement talks with other partners. In none of the instances provided does TeamHealth stand alone as the single subject of a notable paper, which would seem to be necessary if it were to garner WP:N  Spintendo  ᔦᔭ   03:30, 29 December 2017 (UTC)
 * From Notability (my bolding): "'Significant coverage' addresses the topic directly and in detail, so that no original research is needed to extract the content. Significant coverage is more than a trivial mention, but it does not need to be the main topic of the source material." Notability does not require TeamHealth to "stand alone as the single subject of a notable paper". I have provided more sources below.  Cunard (talk) 05:22, 29 December 2017 (UTC)


 * delete this is a recitation of routine events in the life of any company, mostly source to churnalism.  Nothing encyclopedic here of enduring interest; nothing to learn from. Jytdog (talk) 04:51, 29 December 2017 (UTC)

<ul><li>Here are more sources about TeamHealth:<ol><li> The article notes that TeamHealth's competitors are Emergency Medical Services Corp. of Greenwood Village, Colo., Mednax Inc. of Sunrise, Fla.; Rda Sterling Holdings Corp. of Jacksonville, Fla. The article notes: "While TeamHealth may not be a household name in Knoxville, there's a good chance you've encountered the company if you've ever visited a local emergency room. That's because doctors from the Knoxville-based staffing firm handle the emergency-room duties at many local hospitals, including Parkwest Medical Center, the University of Tennessee Medical Center and Mercy Medical Center St. Mary's. ... In December, Team Health Holdings LLC completed a initial public offering that led to the company's shares being listed on the New York Stock Exchange.  ...  TeamHealth, though, doesn't appear likely to join the ranks of the cautionary tales. Founded in 1979, the company specializes in staffing hospital emergency departments - although it also operates in other medical specialties, including hospital medicine, pediatrics and radiology and currently has some 530 hospital clients and clinics in 48 states. TeamHealth joined the private equity world in 1999 after it was purchased by a trio of private equity companies and members of management in a $337 million deal. When those private equity buyers began looking for an exit, TeamHealth considered going public. But in 2005 it was acquired by The Blackstone Group, a major private equity operator whose portfolio includes casino operator Harrah's Entertainment, The Weather Channel and the Hilton hotel chain. ... For TeamHealth, the private equity operators lived up to their reputation for liberal use of borrowed money. Total debt on the company's balance sheet ballooned from $2.5 million at the end of 1998 to more than $241.6 million at the end of 1999, the year TeamHealth was acquired by affiliates of Madison Dearborn Partners, Cornerstone Equity Investors LLC and Beecken Petty O'Keefe & Company." The article also includes analysis from Morgan Keegan analyst Robert Mains.</li> <li> The artile notes: "Emergency department services comprise about 80 percent of TeamHealth's business. The second largest segment is active-duty military hospitals. The company is the country's second largest hospitalist provider, and provides medical staff in psychiatry, radiology, pediatrics and locum tenens - industry speak for temporary physicians. In addition, TeamHealth's services have evolved to include billing, coding and collections, and in 2000 the company launched its own malpractice insurance. TeamHealth grew from a regional to a national provider through a series of acquisitions in the 1990s. ... Between 1992 and 1997, TeamHealth acquired or merged with a series of medical outsourcing firms, tapping each for particular skills - the solid managed care experience of a California firm, the best fee-for-service management in South Florida, a quality residency training program for ER physicians in Ohio, risk management skills in New Jersey."</li> <li>  The article notes: "The provider of outsourced physician services on Tuesday rejecteda $5.2 billion takeover offer from AmSurg. The stock- and-cash bid was valued at about $71.47 a share based on AmSurg's closing price Monday. It's now worth about $69, after AmSurg slumped4.1 percent amid concerns it's overreaching with the takeover, along with the traditional selloff of the acquirer. Either way, AmSurg is offering Team Health shareholders a lower price than the $72.38 that analysts on average were forecasting the company would achieve on its own over the next year. All but one analyst recommended buying Team Health before the takeover approach. At the announced price, AmSurg's bid is about a 30 percent premium to Team Health's average share price in the prior 20 days. That looks decent enough on the surface -- except that Team Health had slipped about 22 percent since announcing the takeover of IPC Healthcare for about $1.5 billion on August 4. At about 24 times trailing 12-month Ebitda, the purchase of IPC was pricey and will roughly double Team Health's reported leverage."</li> <li> The article notes: "As such, most analysts peg an appropriate takeout value for Team Health somewhere between $40 and $45 a share. That might still be a stretch for a private equity buyer. A roughly 20 percent premium to Team Health's unaffected price would work out to about $39 a share, or about $5.3 billion including debt. At that premium, a buyout firm would have to come up with a large equity check -- potentially around 35 percent of the purchase price -- to keep Team Health's already high leverage under 7 times Ebitda, estimates RBC analyst Frank Morgan. That's assuming Team Health gets all of the $60 million in synergies it's targeting from its 2015 takeover of IPC Healthcare, which isn't guaranteed given the challenges. Those takeout estimates don't look overly impressive considering that analysts were expecting Team Health to reach $45 a share on its own over the next year. Investors who have confidence in new CEO Leif Murphy and his impressive track record at companies including DSI Renal and LifePoint may want to see what he can do before selling out. Murphy only came into the top role in September."</li> <li> The article notes: "Team Health has grown significantly since Blackstone last had control. At the time of its 2009 IPO, its team comprised roughly 6,100 professionals, versus more than 19,000 today. Earnings have followed suit. ... Analysts at Robert W. Baird & Co. estimate that if Team Health spends some $3.2 billion on deals over the next five years, it could double its Ebitda to $1 billion if the company's existing operations maintain a respectable growth rate. Even before then, AmSurg may be ready to pay Team Health a second visit of its own, at a price that makes Blackstone's efforts worth its while."</li> <li> The article notes: "Margins matter. The more Team Health Holdings (NYSE: TMH) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders. Healthy margins often separate pretenders from the best stocks in the market. That's why we check up on margins at least once a quarter in this series. I'm looking for the absolute numbers, so I can compare them to current and potential competitors, and any trend that may tell me how strong Team Health Holdings's competitive position could be. Here's the current margin snapshot for Team Health Holdings over the trailing 12 months: Gross margin is 18.6%, while operating margin is 7.6% and net margin is 3.1%. ... With recent TTM operating margins below historical averages, Team Health Holdings has some work to do."</li> <li>  The article notes: "A national provider of health care in hospitals will pay more than $60 million to end allegations it routinely encouraged its staff to bill Medicare, Medicaid and other insurers for more expensive procedures than those actually performed on patients. IPC Healthcare Inc. and its owner, TeamHealth Holdings, agreed to pay $60 million plus interest to settle a whistleblower suit brought by a former IPC employee claiming the company paid bonuses based on the revenue brought in by individual physicians and punished hospitals that did not hit revenue goals, pressuring its doctors to submit falsely inflated bills. In addition to the payment, TeamHealth entered into a five-year corporate integrity agreement with the U.S. Department of Health and Human Services Office of Inspector General to increase its transparency and prevent future fraud. The settlement does not require IPC or TeamHealth to admit wrongdoing."</li> <li> The article notes: "On October 5, 2009, TeamHealth Holdings LLC, a subsidiary of the Blackstone group, filed for an initial public offering (IPO) with the Securities and Exchange Commission. The document is available for public inspection1 and EM physicians should strongly consider taking a look at it. One will find that TeamHealth is operating with a gross profit margin of 22% in a business predominantly based in the specialty of emergency medicine. This 22% figure represents what is in play when EM physicians place their economic destiny in the hands of a corporation. From an analysis of the IPO, it is highly plausible that each emergency physician is turning over control of up to $76,000 per year to this corporation. Looked at differently, this amounts to giving one 8-hour shift per week to the company. The question to ask is, how much of that 22% could be invested in the emergency department or the emergency physicians in a non- corporate arrangement? ... Benefits do not apply for the mostly independent contractor doctors of TeamHealth, and they likely fall under “professional services expenses” for the 700 employed physicians. Certainly, at the end of the day, a good sized portion of that $76,000 would be available to further compensate the emergency physicians. Additionally, this arrangement for physicians includes negatives that need to be considered, such as the possibility of termination without cause and a routine two year restrictive covenant detailed in the IPO."</li> <li></li> <li></li> </ol>Cunard (talk) 05:22, 29 December 2017 (UTC)</li></ul>
 * There is substantial discussion of TeamHealth in Bloomberg News where analyst reports about TeamHealth are discussed. Per Notability (organizations and companies), analyst reports can be used to establish notability. There is also very substantial discussion of TeamHealth in Knoxville News Sentinel.  Cunard (talk) 05:22, 29 December 2017 (UTC)
 * Cunard I get it that you like to keep things but reaching for penny stock blog Motley Fool is a new low in terms of scraping the bottom of the barrel. Sheesh. I write about companies all the time and I would not touch that with a ten foot pole. Jytdog (talk) 23:43, 30 December 2017 (UTC)


 * Keep – Upon further consideration and a review of available sources, this company meets WP:GNG. North America1000 20:04, 29 December 2017 (UTC)
 * Keep Is is a small leviathan of company, passing WP:CORPDEPTH and subsequently the higher standard of WP:GNG. All these  £5-10billion+ companies are notable. I don't like, but it is the face off it.scope_creep (talk) 23:23, 30 December 2017 (UTC)
 * Keep The last set of references posted by Cunard contain at least two references that meet the criteria for establishing notability. <b style="font-family: Courier; color: darkgreen;"> HighKing</b>++ 18:16, 31 December 2017 (UTC)


 * The above discussion is preserved as an archive of the debate. Please do not modify it. Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review). No further edits should be made to this page.