Moody’s might lower Team Health

Moody's Investors Service said it placed the ratings of Team Health, Inc. under review for downgrade, including the Ba3 corporate family rating and Ba3-PD probability of default rating.

This action follows the announcement that Blackstone entered into a definitive agreement to acquire Team Health in a deal valued at about $6.1 billion.

The transaction is expected to close during the first quarter of 2017, subject to regulatory review and customary closing conditions.

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