Healthcare Staffing Report: June 8, 2017

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DLH revenue rises

DLH Holdings Corp. (NASD: DLHC), a provider of healthcare and logistics staffing and solutions to the federal government, reported revenue rose 7% on an organic basis in its fiscal second quarter ended March 31. On a reported basis, revenue rose 76.6%; the company attributed the top-line growth primarily to the May 2016 acquisition of Danya International LLC and the expansion of services on existing contract vehicles.

DLH in March secured a US Navy’s Clinical Preceptorship Program contract from the US Navy. The base contract with options has a total value to DLH of $6.5 million.

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“We generated $2.2 million of operating cash this quarter and paid down $0.9 million of our senior debt, leaving the company’s balance sheet in the best shape since our acquisition of Danya last year,” President and CEO Zach Parker said.