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MDI Group sells medical division

July 28 2008

MDI Group sold its medical staffing division, MDI Medical LLC, to Cirrus Medical Staffing Inc., part of A. Soriano Corp (Anscor), a publicly traded firm listed in the Philippines. The purchase price was $2 million for the division, which had 2007 revenue of $9.1 million, according to a filing with the Philippine Stock Exchange.

Anscor said MDI Medical will complement its existing U.S.-based travel and international nurse staffing businesses — Cirrus Holdings USA LLC, in Charlotte NC, and Medtivia, in Houston.

MDI Medical places travel allied healthcare professionals.

Atlanta-based MDI Group said the sale will strengthen its focus on its information technology and finance and accounting business units. The company recently renamed itself MDI Group from MDI. It had revenue of more than $74 million in 2007.

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