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Kforce revenue up 15%, sells health information management business

August 5, 2014

Kforce Inc. (NASD: KFRC) reported second-quarter revenue rose 15.4 percent to $327.4 million. Net income at the Tampa, Fla.-based professional staffing firm rose 54.0 percent to $10.7 million.However, Kforce’s gross margin narrowed to 31.5 percent in the second quarter from 32.7 percent in the sa...


Non-manufacturing activity hits record high in July

August 5, 2014

Economic activity in the U.S. non-manufacturing sector grew in July at a faster rate than June, according to the Institute for Supply Management’s non-manufacturing index released today.ISM’s non-manufacturing index rose in July to a reading of 58.7 from June’s reading of 56.0. July’s reading is...


IT workers’ confidence edges down

August 5, 2014

The Randstad Technologies Employee Confidence Index edged down in the second quarter to a reading of 58.7 from a first-quarter reading of 60.0. The index measures workers’ confidence in their personal employment situation and optimism in the economic environment.“As the economy recovers at a quic...


Success without going through a VMS? — Staffing Industry Review

August 5, 2014

Can staffing firms thrive without going through a VMS or, at least, keeping VMS business to a minimum? Experts say it’s possible, but it depends on what type of staffing firm it is, according to an article in Staffing Industry Review magazine. To read the article for free, click here.To go to the f...


Quote of the week: Trying before buying

August 5, 2014

“The war for talent is over, and talent won,” Human Resource Executive quoted Chris Martin, senior vice president for enterprise solutions at Randstad US, as saying in a story about the increasingly rigorous selection process for temp and temp-to-hire positions. “So now you're seeing compani...


Correction

August 5, 2014

Kforce Inc. (NASD: KFRC) entered into a stock purchase agreement to sell all of the issued and outstanding shares of capital stock of Kforce Healthcare Inc., the operating subsidiary for Kforce's health information management segment. An item in the Aug. 4 Daily News incorrectly reported the firm...


IQNavigator sells MSP division

August 4, 2014

IQNavigator, a vendor management system and managed services provider, sold its MSP division to MSX International Inc., continuing a pattern of consolidation in the sector.MSXI will combine its existing MSP business with IQNavigator’s MSP operations to form Geometric Results Inc. Terms of the dea...


Kforce sells health coding business for $119 million

August 4, 2014

Kforce Inc. (NASD: KFRC) entered into a stock purchase agreement to sell all of the issued and outstanding shares of capital stock of Kforce Healthcare Inc. to RCM Acquisition Inc., an affiliate of Beecken Petty O'Keefe & Company, a Chicago-based private equity management firm focused on the...


VMS and independent contractor specialist form partnership

August 4, 2014

Provade Inc., a VMS provider, and MBO Partners, a management services provider for independent professionals and their clients, announced a strategic partnership to support users of statement-of-work consultants.“MBO Partners focuses on engaging the fastest growing segment of our workforce — the...


Canadian manufacturing index hits eight-month high

August 4, 2014

Canadian manufacturing business conditions expanded in July at the fastest pace since November 2013, according to the Royal Bank of Canada’s Canadian manufacturing purchasing managers’ index. July’s reading of 54.3 is up from June’s reading of 53.5 and was mainly driven by faster rises in output,...