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What: Shares of hospital staffing company Team Health
So what: Revenue for Team Health's third quarter came in at $386 million, 6% better than the prior year, while the bottom line delivered $0.27 in per-share profits, down slightly from 2009. Both revenue and earnings per share were ahead of Wall Street's estimates, which were $383 million and $0.25, respectively.The top-line growth came largely from acquisitions, while growth of the company's non-military business offset weakness in its military contracts.
Now what: Team Health was bought out by private equity firm Blackstone
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Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool's disclosure policy assures you no Wookiees were harmed in the making of this article.
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