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In the U.S., the outsourced healthcare professional staffing market is about $50 billion. And, it is likely to grow because of the complexity of regulations and cost pressures.
One of the largest outsources in the market is Team Health Holdings, which generated $1.33 billion in revenues last year. In fact, this week the company filed to go public.
Back in 1979, a group of physicians started Team Health, with the focus on hospital emergency departments. Now, the company serves roughly 550 hospital clients and clinics. The network has about 6,000 healthcare professionals (such as physicians, nurse practitioners and physician assistants).
However, Team Health is not just a matchmaker. Instead, it helps with other services like: scheduling, credential coordination, collections, billings, payroll, liability insurance, continuing education and so on. This certainly helps with the retention rate for its network, which ranges between 94% to 98%.
Finally, the company is owned by private equity firm Blackstone Group (NYSE: BX), which has an equity stake of 92%.
Tom Taulli is the author of various books, including The Complete M&A Handbook
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