Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
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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