On October 30, 2016, Team Health Holdings, Inc. entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Tennessee Parent, Inc., a Delaware corporation, under which Team Health Holdings will become the wholly owned subsidiary of Tennessee Parent. (See Team Health Holdings Form 8-K, Oct. 31, 2016, SEC Filing.)
The merger agreement requires a Committee on Foreign Investment in the United States (CFIUS) notification, however, the transaction is not contingent on the parties achieving CFIUS clearance. (See Oct. 30, 2016 Agreement and Plan of Merger, Team Health Holdings, Form 8-K, Ex-2.1, Section 6.4(f), Oct. 31, 2016.)