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Mastech closes sale of healthcare unit

August 13 2013

Mastech Holdings Inc. (NYSE MKT: MHH) closed on the sale of its healthcare staffing businesses to Accountable Healthcare Staffing Inc. Mastech will get $1.15 million for its healthcare operations, including approximately $1.0 million in cash at closing plus the assumption of certain liabilities.

“This divestiture is about ‘focus’ and not about a lack of confidence in our team of dedicated healthcare professionals,” said Mastech CEO D. Kevin Horner. “Today, we are a pure-play IT staffing company, which is where our core competencies and unique value proposition lie.”

To read Staffing Industry Analysts’ report on the sale, click here.


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