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TeamHealth Acquires Profession Anesthesia Service, Inc.; Expands Relationship with Summa Health System

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TeamHealth Holdings Inc. announced the acquisition of the operations of Professional Anesthesia Service, Inc. Based in Akron, Ohio, Professional Anesthesia Service currently provides anesthesia services for Summa Akron City Hospital, Summa St. Thomas Hospital and one ambulatory surgery center (ASC). In conjunction with this transaction, TeamHealth will also begin providing anesthesia services for Summa Barberton Hospital. These new relationships will add more than 50,000 annual anesthesia cases to TeamHealth’s existing anesthesia operations.

“We are excited to join TeamHealth—an organization that supports our commitment to providing high-quality, compassionate care,” said Robert Donahue, MD, president of Professional Anesthesia Service. “Through our partnership with TeamHealth, we will have access to resources to better serve our patients, our clinicians and our hospital and ASC clients.” “Our partnership with Professional Anesthesia Service highlights our commitment to the continued growth of our anesthesia service line,” said Michael D. Snow, president and CEO of TeamHealth. “We are pleased to welcome this well-respected group of clinicians to TeamHealth, and we look forward a successful partnership.”

About TeamHealth

TeamHealth (Knoxville, Tennessee) (NYSE: TMH) is a leading provider of outsourced physician staffing solutions for hospitals in the United States. Through its 21 regional locations and multiple service lines, TeamHealth’s more than 13,000 affiliated healthcare professionals provide emergency medicine, hospital medicine, anesthesia, urgent care, and pediatric staffing and management services to approximately 990 civilian and military hospitals, clinics, and physician groups in 47 states. In 2015, TeamHealth was named among “The World’s Most Admired Companies” by Fortune magazine and among “150 Great Places to Work in Healthcare” by Becker’s Hospital Review. In 2014, TeamHealth was named among “America’s 100 Most Trustworthy Companies” by Forbes magazine. The term “TeamHealth” as used throughout this release includes TeamHealth and all of its related entities, divisions, subsidiaries and affiliated physicians and physician groups. For more information about TeamHealth, visit www.teamhealth.com.

The term “TeamHealth” as used throughout this release includes Team Health Holdings, Inc., its subsidiaries, affiliates, affiliated medical groups and providers, all of which are part of the TeamHealth organization. “Providers” are physicians, advanced practice clinicians and other healthcare providers who are employed by or contract with subsidiaries or affiliated entities of Team Health Holdings, Inc. All such providers exercise independent clinical judgment when providing patient care. Team Health Holdings, Inc. does not have any employees, does not contract with providers and does not practice medicine.