TeamHealth
PE-OwnedBlackstone acquired TeamHealth, one of the largest physician staffing companies (ER, anesthesiology, hospital medicine), for $6.1B in 2016. TeamHealth has been at the center of the surprise medical billing crisis — billing patients out-of-network rates while staffing in-network hospitals. The company lobbied against the No Surprises Act.
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Ownership Information
TeamHealth is owned by The Blackstone Group. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
1979
TeamHealth founded
2016
Acquired by The Blackstone Group for $6.1B
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