FINANCIAL DISCLOSURE NOTICE

Team Health Holdings, Inc. Balance Sheet December 31, 2015 (in thousands) ASSETS Current Assets Cash and cash equivalents $28,563 Short-term investments $1,985 Accounts receivable, net 730,459 Prepaid expenses and other assets 73,807 Receivables under insured programs 36,004 Income tax receivable 28,791 Total Current Assets 899,609 Property and equipment 87,907 Insurance subsidiaries’ and other investments 111,940 Other intangibles, net 335,637 Goodwill 2,427,802 Deferred income taxes 50,250 Receivables under insured programs 90,747 Other 56,950 $4,060,842 LIABILITIES AND STOCKHOLDER’S EQUITY Current Liabilities: Accounts payable $66,358 Accrued compensation and physician payables 337,455 Other accrued liabilities 257,651 Current maturities of long-term debt 68,900 Total Current Liabilities 730,364 Long-term debt, less current maturities 2,337,363 Other non-current liabilities 346,427 Common Stock 731 Additional Paid-In-Capital 836,458 Accumulated deficit (196,144) Noncontrolling interest 4,140 Accumulated other comprehensive earnings 1,503 $4,060,842 Team Health Holdings, Inc. Statement of Comprehensive Earnings Year Ended December 31, 2015 (in thousands) REVENUE Net Revenue before provision for uncollectibles $5,999,458 Provision for uncollectibles (2,402,211) Net revenues 3,597,247 COSTS OF SERVICES RENDERED Professional service expenses 2,836,474 Professional liability expenses 107,505 Gross profit 653,268 General and administrative 308,193 Other (income) expenses, net (1,935) Depreciation 24,581 Amortization 83,581 Interest expense, net 30,986 Transaction Costs 58,301 Income before income taxes 149,561 Provision for income taxes 66,786 Net earnings 82,775 Net earnings attributable to noncontrolling interest 64 Net earnings attributable to Team Health Holdings, Inc. $82,711 Shareholders’ EQUITY Beginning of Year $422,636 End of Year $646,688 OWNERSHIP Public Equity 100{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} Details concerning this advertisement, together with the other reports, statements and schedules required to be filed with the West Virginia Health Care Cost Review Authority, are available for public inspection and copying at the Authority’s Office, 100 Dee Drive, Suite 201, Charleston, WV 25311. 4-28-THU-1-RH; 4368