Rhode Island Emergency Physicians and TeamHealth Partner to Provide Emergency Care at South County Hospital
KNOXVILLE, Tenn., March 15 /PRNewswire-FirstCall/ -- TeamHealth (NYSE: TMH) announced today the acquisition of Rhode Island Emergency Physicians (RIEP), the emergency physician group that staffs the emergency department at South County Hospital in Wakefield, Rhode Island. South County Hospital chose TeamHealth, who will work with the existing group of physicians to provide management and staffing services for the hospital's 30,000 annual patient volume emergency department.
Under the leadership of Timothy Drury, M.D., President of RIEP, the group has managed the emergency department at South County Hospital for 30 years. Seeking a partner to provide necessary infrastructure to help improve the group's service to the hospital and patients, Dr. Drury chose TeamHealth, stating, "We were drawn to TeamHealth because of its proven ability to provide our physicians with the necessary tools to improve operations in areas such as wait times, quality assurance, practice support, continuing education, and more." Dr. Drury will continue in his role as Emergency Department Medical Director at South County Hospital.
"We were pleased to expand our relationship with TeamHealth by developing metrics for our emergency department that are focused on quality of care and customer service," said Louis Giancola, CEO, South County Hospital. "Having worked with TeamHealth since 2007 through our hospital medicine program, we are confident that this relationship will ensure a mutually beneficial approach to emergency care."
"We congratulate Dr. Drury on 30 years of leadership and look forward to working with the existing stable group of physicians," John Hellmann, Executive Vice President, TeamHealth East. "We are excited about the synergies between the hospital medicine program and the emergency department that will have a positive impact on the hospital, its medical staff, and their patients."
About TeamHealth
TeamHealth (Knoxville, Tenn.) (NYSE: TMH) was founded in 1979 and has become one of the largest suppliers of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. Through its seven principal service lines located in 13 regional sites, TeamHealth's more than 5,900 affiliated healthcare professionals provide emergency medicine, hospital medicine, anesthesia, teleradiology, and pediatric staffing and management services to more than 530 civilian and military hospitals, clinics, and physician groups in 48 states. For more information about TeamHealth, visit www.teamhealth.com.
Forward Looking Statements
Statements and information contained herein that are not historical facts and that reflect the current view of Team Health Holdings, Inc. (the "Company") about future events and financial performance are hereby identified as "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these statements can be identified by terms and phrases such as "anticipate," "believe," "intend," "estimate," "expect," "continue," "could," "should," "may," "plan," "project," "predict" and similar expressions. The Company cautions that such "forward looking statements," including without limitation, those relating to the Company's future business prospects, revenue, working capital, professional liability expense, liquidity, capital needs, interest costs and income, wherever they occur in this or in other statements attributable to the Company, are necessarily estimates reflecting the judgment of the Company's senior management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the "forward looking statements." Factors that could cause our actual results to differ materially from those expressed or implied in such forward-looking statements include but are not limited to current or future government regulation of the healthcare industry, exposure to professional liability lawsuits and governmental agency investigations, the adequacy of insurance coverage and insurance reserves, as well as those factors detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company disclaims any intent or obligation to update "forward looking statements" herein to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time.
SOURCE TeamHealth
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