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Medical Staffing Network meets with lenders

December 01, 2009
Staffing Industry Analysts North American Daily News

Medical Staffing Network Holdings Inc. (OTCBB: MNSW.PK) said it's in discussions with General Electric Capital Corp. and first lien lenders over a default, according to a filing with the U.S. Securities and Exchange Commission. The healthcare staffing company reported it missed on a financial ratio and an EBITDA target.

The company said it expects to reach an acceptable agreement with the lenders.

Medical Staffing Network also said it remains in compliance with its second lien credit agreement.

The company ranked No. 28 on Staffing Industry Analysts' list of largest staffing firms.