As a recent 13D filing with the US Securities and Exchange Commission reveals, billionaire activist Barry Rosenstein‘s JANA Partners has boosted its stake in TeamHealth Holdings Inc (NYSE:TMH). The filing showed that JANA owns 5.89 million shares of TeamHealth Holdings, which represent 8% of the company’s outstanding stock. In its latest 13F, JANA did not report holding shares of TeamHealth Holdings.
In addition, the investor stated in the filing that it had submitted a notice of its plans to nominate Edwin M. Crawford, Nancy M. Schlichting and Scott Ostfeld to be elected to TeamHealth’s Board of Directors at the 2016 meeting of stockholders.
“Mr. Crawford previously served as the Chairman of CVS Caremark Corporation, a leading provider of pharmacy benefits management services. Ms. Schlichting is the President and CEO of Henry Ford Health Systems, one of the nation’s leading health care providers. Mr. Ostfeld is a Partner at JANA and a Co-Portfolio Manager for JANA’s active equity ownership strategy. JANA met with members of the Issuer’s management team on February 24, 2016 to discuss the matters described herein,” JANA said.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| JANA PARTNERS | 5,890,368 | 0 | 5,890,368 | 0 | 5,890,368 | 8.0% |
| EDWIN M. CRAWFORD | 82,251 | 0 | 82,251 | 0 | 82,251 | 0.1% |
| NANCY M. SCHLICHTING | 12,125 | 0 | 12,125 | 0 | 12,125 | 0.0% |
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Page 1 of 9 SEC Filing
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| _______________ | |
| SCHEDULE 13D | |
| INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) | |
| Under the Securities Exchange Act of 1934 | |
| (Amendment No. ) | |
| Team Health | |
| (Name of Issuer) | |
| Common Stock, | |
| (Title of Class of Securities) | |
| 87817A107 | |
| (CUSIP Number) | |
| Marc Weingarten, Esq. Eleazer Klein, Esq. | |
| 919 Third Avenue | |
| New York, New York 10022 | |
| (212) 756-2000 | |
| (Name, Address and Telephone Number of Person | |
| Authorized to Receive Notices and Communications) | |
| February | |
| (Date of Event which Requires | |
| Filing of this Schedule) | |
If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f)
or 13d-1(g), check the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 9 Pages)
————————–
The information required on the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
