2017-02-15 08:31 ET - News Release

 

Added 5.2 million net new customers and achieved double digit Gross Profit growth in North America for 2016

 

Fourth quarter revenue of $934.9 million, $3.1 billion for the full year

Fourth quarter gross billings of $1.7 billion, $6.1 billion for the full year

Fourth quarter net loss of $50.2 million, $183.3 million for the full year

Fourth quarter Adjusted EBITDA of $80.6 million, $178.1 million for the full year

Fourth quarter loss per share of $0.09; non-GAAP earnings per share of $0.07

$95 million Convertible Preference Shares Investment Strengthens MDC Partners' Balance Sheet

 $10 Conversion Price Represents a 48% Premium to the 30-day Average Closing Price of $6.75 Per Share

 

NEW YORK, Feb. 15, 2017  -- (NASDAQ: MDCA) -- MDC Partners Inc. ("MDC Partners" or the "Company") today announced that it has entered into a definitive agreement with an affiliate of the Merchant Banking Division of Goldman Sachs ("Goldman Sachs") pursuant to which Goldman Sachs has agreed to invest $95 million in MDC Partners through the purchase of non-voting convertible preference shares (the "Preference Shares").  In connection with the closing of the transaction, Bradley J. Gross, a managing director in the Merchant Banking Division of Goldman Sachs, will join the MDC Partners Board of Directors, which will expand to seven members.  Subject to the satisfaction of certain conditions, the transaction is expected to close in the first quarter of 2017. 

KNOXVILLE, Tenn., Oct. 31, 2016  -- TeamHealth Holdings, Inc. ("TeamHealth" or the "Company") (TMH), a leading physician services organization, today announced that it has entered into a definitive agreement to be acquired by funds affiliated with Blackstone, a leading global asset manager, and certain co-investors in a transaction valued at approximately $6.1 billion. Under the terms of the agreement, which has been unanimously approved by TeamHealth's Board of Directors, Blackstone and its co-investors will acquire all of the outstanding shares of TeamHealth common stock for $43.50 per share in cash. This represents a premium of approximately 33 percent over TeamHealth's closing share price on October 3, 2016, the last trading day prior to news reports that TeamHealth was considering a possible sale of the Company. JANA Partners LLC ("JANA") has entered into a voting agreement pursuant to which JANA has agreed to vote its beneficially owned shares, totaling approximately 8 percent of the outstanding shares of TeamHealth common stock, in favor of the transaction.

SAN LUIS OBISPO, Calif., Oct. 26, 2016  -- MINDBODY, Inc. (MB), the leading provider of cloud-based business management software for the wellness services industry, today announced financial results for the third quarter ended September 30, 2016.

 

“The third quarter marked another quarter of strong revenue growth and operating discipline,” said Rick Stollmeyer, Co-founder and Chief Executive Officer of MINDBODY. “We added 2,795 subscribers in the quarter and are now serving more than 58,500 subscribers worldwide. Additionally, we saw excellent growth in adoption and engagement across our platform and completed the acquisition of HealCode, one of our most successful technology partners.”

 

Third Quarter 2016 Financial Results

Total revenue in the third quarter of 2016 was $35.3 million, a 35% increase year over year.