8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                  CURENT REPORT
     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



Date of Report (Date of earliest event reported): April 2, 2002 (March 30, 2002)

                                TEAM HEALTH, INC.
             (Exact name of registrant as specified in its charter)

                                                        
         TENNESSEE                      333-80337                62-1562558
(State or other jurisdiction          (Commission              (IRS Employer
      of incorporation                 File Number)          Identification No.)




                   1900 WINSTON ROAD, KNOXVILLE, TN       37919
               (Address of principal executive offices) (Zip Code)


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

ITEM 5. OTHER EVENTS

         On March 30, 2002, Team Health filed a press release to announce the
signing of a definitive agreement to acquire Spectrum Healthcare Resources. A
copy of this press release is attached as Exhibit 99.1 to this Form 8-K.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

         (a)      Exhibits

99.1     Copy of press release, dated March 30, 2002, announcing the signing of
         a definitive agreement to acquire Spectrum Healthcare Resources.

                                   SIGNATURES

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, INC.
                                            (Registrant)

                                            /s/ David P. Jones
                                            ------------------------------------
                                            David P. Jones
                                            Vice President and Treasurer

Date:  April 2,2002

EX-99.1

                                                                    Exhibit 99.1

FOR RELEASE 8:00 A.M. SATURDAY, MARCH 30, 2002

CONTACT:            DAVID JONES
                    TEAM HEALTH
                    Knoxville, Tennessee
                    (865) 693-1000

                 TEAM HEALTH ENTERS INTO DEFINITIVE AGREEMENT TO
                      ACQUIRE SPECTRUM HEALTHCARE RESOURCES

KNOXVILLE, Tennessee, March 30, 2002 -- Team Health, the nation's leading
provider of hospital-based physician services, announced today the signing of a
definitive agreement to acquire Spectrum Healthcare Resources (SHR), a major
provider of permanent healthcare professional staffing services to military
healthcare facilities.

SHR currently provides over 3,125 healthcare professionals, including
physicians, para-professionals, nurses, specialty technicians and administrative
support personnel to its clients at 61 hospitals and 31 free-standing clinics in
33 states. These providers and support personnel deliver a wide range of
healthcare services to active duty personnel, their dependents and retired
military personnel.

The closing of the transaction is anticipated to occur during Team Health's
second quarter ending June 30, 2002. The transaction is subject to regulatory
approval and other customary conditions, including finalizing financing
arrangements.

The acquisition of SHR will be financed through a combination of existing cash
and a new financing commitment arranged by Bank of America, N.A. and Fleet
National Bank. The financing commitment will provide up to $300 million of
senior credit facilities, including a $75 million revolver that will be unused
at closing. The new financing arrangement will replace Team Health's existing
credit facilities and will be used to retire the existing outstanding
obligations of SHR under its current credit agreement. Team Health's 12% Senior
Subordinated Notes Due 2009 will continue to remain outstanding following
completion of the above transactions.

Lynn Massingale, M.D., FACEP, Team Health's president and chief executive
officer, commented on the transaction, "We are impressed by SHR's experienced
operating managers and field staff, its proven record of attracting and
retaining skilled and credentialed providers and staff, and its dedication to
serving its clients and their patients. We believe this acquisition will allow
us to leverage each of our core

competencies, enabling us to excel at meeting the needs of our military and
nonmilitary clients."

Cathy Vivirito, SHR's president and chief operating officer, says of this
transaction, "We are pleased to join forces with such a well-respected
organization providing hospital-based staffing services. SHR remains committed
to serving the needs of our military health plans and military hospital clients
by assisting them in providing consistent quality services to their patients."
Ms. Vivirito will continue to serve as president of SHR and will manage the
company from its main headquarters in St. Louis, Missouri.

Founded in 1979, Team Health is headquartered in Knoxville, Tennessee. Team
Health is affiliated with over 2,500 physicians who provide emergency
department, radiology, anesthesia, hospitalist, pediatric and critical care
services to over 350 hospitals and other healthcare facilities in 30 states. For
more information about Team Health and Spectrum, visit www.teamhealth.com and
www.shrusa.com.

Statements in this document that are not historical facts are hereby identified
as "forward looking statements" for purposes of the safe harbor provided by
Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act") and
Section 27A of the Securities Act of 1933 (the "Securities Act"). Team Health,
Inc. (the "Company") cautions readers that such "forward looking statements,"
including without limitation, those relating to the Company's future business
prospects, revenue, working capital, liquidity, capital needs, interest costs
and income, wherever they occur in this document or in other statements
attributable to the Company, are necessarily estimates reflecting the judgment
of the Company's senior management and involve a number of risks and
uncertainties that could cause actual results to differ materially from those
suggested by the "forward looking statements." Moreover, the Company, through
its senior management, may from time to time make "forward looking statements"
about matters described herein or other matters concerning the Company. The
Company disclaims any intent or obligation to update "forward looking
statements" to reflect changed assumptions, the occurrence of unanticipated
events or changes to future operating results over time.