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Ex-Spherion CEO takes Reliant post

August 07 2008

Ray Marcy will serve as executive chairman at Reliant Healthcare Professionals Inc., which operates as FASTAFF Travel Nursing and U.S. Nursing Corp. Marcy was formerly CEO at Spherion Corp. (NYSE: SFN), and most recently served as executive chairman of Nursefinders Inc. Marcy joined Nursefinders in 2004 when Gryphon Investors acquired the company. It was sold to Goldman Sachs Investment Group in 2007.

"I am delighted to support the management team in furthering the company's leading position within rapid response nurse staffing and in expanding operations into other areas of healthcare staffing through organic growth and the exploration of strategic acquisitions in the months ahead," Marcy said.

Reliant is owned by private equity firm Clarion Capital Partners. Marcy is also an investor in Reliant. Its U.S. Nursing Corp. division supplies temporary nurses during nursing strikes. Staffing Industry Analysts estimated Reliant's 2007 revenue at $198 million.

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