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Sun staffing revenue up 16.2%

November 01 2007

Sun Healthcare Group Inc. (NASD: SUNH) posted a 16.2% increase in third-quarter medical staffing revenue. The company reported revenue of $28.3 million, up from $24.3 million in the third quarter of 2006 in its CareerStaff Unlimited division.

Total third-quarter revenue at the company, which also operates long-term care facilities, rose 5.5% to $439.6 million from $416.7 million in the same period last year. Net income rose to $5.2 million from a loss of $1.2 million in the third quarter of 2006. Sun Healthcare acquired Harbor Healthcare Corp. on April 19.

Irvine CA-based Sun also provides therapy through SunDance Rehabilitation Corp. and hospice services through SolAmor Hospice.

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