Fitch lowers Team Health view to negative

Fitch Ratings said it affirmed the ratings of Team Health Holdings, Inc., including the issuer default rating at B-.

The outlook was revised to negative from stable.

The outlook revision reflects persistent secular headwinds to growth in the legacy Team Health staffing business, particularly in emergency department services, Fitch said.

Team Health has high financial leverage, driven by a leveraged buyout of the business in early 2017 and a historically acquisitive posture, the agency said.

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