Healthcare Staffing Report: Feb. 20, 2014

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Team Health revenue rises 14%

Team Health Holdings LLC (NYSE: TMH) reported net revenue rose 14.1 percent in the fourth quarter to $621.8 million. Team Health is a provider of outsourced services to healthcare providers; its Daniel and Yeager Inc. division provides locum tenens and temporary staffing of allied healthcare professionals. Team Health is the ninth-largest healthcare staffing firm in the U.S.

Acquisitions represented the largest component of revenue growth in the fourth quarter at the Knoxville, Tenn.-based firm. Team Health completed 13 acquisitions in 2013 and late 2012.

Fourth-quarter net earnings rose 45.0 percent to $21.5 million.

Full-year revenue rose 15.2 percent to $2.38 billion, and full-year net income rose 37.2 percent to $87.6 million.

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