TeamHealth (TMH) Debt Trading 0.5% Lower

An issue of TeamHealth Holdings Inc (NYSE:TMH) debt fell 0.5% as a percentage of its face value during trading on Thursday. The high-yield issue of debt has a 6.375% coupon and is set to mature on February 1, 2025. The bonds in the issue are now trading at $89.25 and were trading at $89.00 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.

Shares of TeamHealth Holdings Inc (TMH) remained flat at $$43.50 during trading hours on Thursday. 2,028,900 shares of the company were exchanged, compared to its average volume of 1,643,591. TeamHealth Holdings Inc has a 12 month low of $30.83 and a 12 month high of $49.50. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.88 and a quick ratio of 0.88.

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About TeamHealth

Team Health Holdings, Inc is a United States-based physician services company. The Company supplies outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. It operates through four segments: Hospital Based Services, IPC Healthcare, Specialty Services and Other Services.

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