TeamHealth acquires Anesthetix Management LLC

TeamHealth (NYSE: TMH) announced today the acquisition of Anesthetix Management LLC ("Anesthetix"), a nationally recognized provider of comprehensive anesthesiology and pain management service solutions to hospitals and surgery centers throughout the United States. Headquartered in Palm Beach Gardens, Fla., Anesthetix currently serves clients in 10 states. For the twelve months ending September 30, 2009, Anesthetix reported net revenue of approximately $53 million.

"One of the reasons we were attracted to TeamHealth is that they share our commitment to metrics-driven quality and customer-focused service," says Steven M. Gottlieb, M.D., President and CEO of Anesthetix. "By partnering with TeamHealth, we will have a deeper pool of proven resources to better serve our hospital partners, our surgeon customers, and our outstanding clinicians. This expands our vision for a local delivery model supported by a national platform." Dr. Gottlieb is one of the group's co-founders and will serve as CEO of TeamHealth's anesthesia service line. The group's other co-founder, Tushar Ramani, M.D., will remain with the organization as President of TeamHealth's anesthesia service line.

"Anesthetix has a reputation for recruiting and retaining high quality physicians and CRNAs. We are pleased to have a group of their caliber join TeamHealth," says Greg Roth, President and CEO, TeamHealth. "Our partnership with Anesthetix also demonstrates our commitment to meeting the needs of our hospital clients by providing them with a broader spectrum of services."