8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): September 2, 2011

Team Health Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware	001-34583	36-4276525
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
265 Brookview Centre Way, Suite 400 Knoxville, Tennessee		37919
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (865) 693-1000

Not Applicable

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On September 8, 2011, Team Health Holdings, Inc. issued a press release announcing that it had acquired the operations of Anesthesia Services, Inc. (“Anesthesia Services”), a leading outsourced anesthesiology physician management practice based in Denver, Colorado. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.	Description
99.1	Press release dated September 8, 2011

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TEAM HEALTH HOLDINGS, INC.
	By:	/s/ David P. Jones
		Name: David P. Jones
Date: September 8, 2011		Title: Executive Vice President and           Chief Financial Officer

EX-99.1

Exhibit 99.1

PRESS RELEASE

FOR IMMEDIATE RELEASE
	INVESTOR CONTACT:
	David Jones
	Executive Vice President and Chief Financial Officer
	865-293-5299
	MEDIA CONTACT:
	Tracy Young
	Vice President, Marketing
	800-818-1498

TeamHealth Grows Anesthesia Division with Acquisition of Anesthesia Services, Inc.

(KNOXVILLE, Tenn.) September 8, 2011 –Team Health Holdings, Inc. (“TeamHealth”) (NYSE: TMH) today announced the acquisition of the operations of Anesthesia Services, Inc. (“Anesthesia Services”), a leading outsourced anesthesiology physician management practice. Based in Colorado, Anesthesia Services and its related entities and clinicians provide comprehensive anesthesia and pain management services to eight facilities in the greater Denver region.

“Anesthesia Services has been serving Denver’s healthcare providers for more than 30 years,” said Elliott “Skip” Wohlner, M.D., founder and president of Anesthesia Services. “By partnering with TeamHealth, we will have a deeper pool of proven resources to better serve our hospital partners, surgeon customers and affiliated clinicians as they work to meet the healthcare needs of the growing Denver community.”

“Anesthesia Services has a reputation for quality, service and being a true partner to hospitals in the Denver region. We are pleased to have a group of their caliber join TeamHealth,” said Steven M. Gottlieb, M.D., CEO of TeamHealth Anesthesia. “Our partnership with Anesthesia Services establishes TeamHealth Anesthesia’s footprint in Colorado with a high-quality group of well-established professionals.”

“The addition of Anesthesia Services to TeamHealth underscores our commitment to partner with successful, high-quality physician groups and our ongoing focus to grow our anesthesia service line,” said Greg Roth, president and CEO, TeamHealth.

About Anesthesia Services

Founded in 1979, Anesthesia Services is a leading outsourced anesthesiology physician management group whose 46 anesthesiologists and 36 CRNAs serve five hospitals and three ambulatory surgery centers in the greater Denver, Colo., area.

About TeamHealth

TeamHealth (NYSE: TMH) was founded in 1979 and has become one of the largest suppliers of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. Through its six principal service lines located in 13 regional sites, TeamHealth’s approximately 6,600 affiliated healthcare professionals provide emergency medicine, anesthesiology, hospital medicine, and pediatric staffing and management services to more than 700 civilian and military hospitals, clinics and physician groups in 45 states. The term “TeamHealth” as used throughout this release includes TeamHealth, Inc., and all of its related entities, companies, affiliates, subsidiaries and affiliated physician groups.

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