New York, January 03, 2017 -- Moody's Investors Service (Moody's) today assigned new ratings to Team Health Holdings, Inc. ("Team Health"), including a B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating (PDR). Moody's also assigned B1 ratings to the senior secured first lien revolving credit facility and term loan. The loan proceeds, together with additional debt and cash equity, will be used to fund the planned acquisition of Team Health, Inc. ("THI") by Blackstone, a private equity firm, as well as repay all of THI's existing debt. The outlook is stable. As part of the capital structure, Moody's expects Team Health to issue an additional undisclosed amount of debt.

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