Medical Staffing Network Holdings Inc. (OTCBB: MNSW.PK), a Boca Raton FL-based healthcare staffing firm, reported third-quarter revenue fell 41.9% to $78.9 million from $135.8 million in the same period last year.

Third-quarter gross margin, however, improved to 27.7% from 25.3% in the year-ago quarter.

"The healthcare staffing industry is still experiencing a difficult economic environment, although we are beginning to see some very early-stage positive trends," said Chairman and CEO Robert Adamson. "We have experienced an increase in demand in October, up from September levels, seemingly due to the flu pandemic."

Medical Staffing Network posted a net loss of $15.2 million compared with net income of $2.5 million in the third quarter of 2008. The company reported a $14.0 million charge for goodwill impairment in the most-recent quarter as well as a $700,000 charge for impairment of intangible assets.

Medical Staffing Network Holdings Inc. (OTCBB: MSNW.PK)
For the third quarter ended Sept. 27, 2009, compared with the same period in 2008.
Revenue: $78.9 million, -41.9%
Net loss: $15.2 million vs. net income of $2.5 million