Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
On Monday, outsourced physician staffing provider Team Health Holdings (NYSE: TMH ) announced that it has successfully concluded a secondary offering of 8 million shares of common stock. Shares of Team Health declined 0.6% in Monday trading on the news, closing at $28.87. This implies a value of more than $230 million for the offering.
However, these shares were sold by its principal stockholder, Ensemble Parent LLC, a subsidiary of The Blackstone Group (NYSE: BX ) , and all proceeds of the sale went to Blackstone, with Team Health receiving none of the money.