Team Health Holdings, Inc. ("Team Health" or the Company) offers staffing, administrative support and management for healthcare facilities.

According to the Complaint, on October 31, 2016, Team Health announced that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Tennessee Parent, Inc. (“Parent”) and Tennessee Merger Sub, Inc., a wholly owned subsidiary of Parent (“Merger Sub”), pursuant to which Merger Sub will be merged with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of Parent (the “Proposed Transaction”).

Pursuant to the terms of the Merger Agreement, Team Health shareholders will receive $43.50 in cash for each share of Team Health common stock that they own (the “Merger Consideration”). The Complaint alleges the Merger Consideration is insufficient and undervalues the Company. Furthermore the Merger Consideration is the result of a flawed sales process.

This case was voluntarily dismissed on February 3, 2017.