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Medical Connections Revenue Fell 9%; Operations Sold

August 16 2012

Medical Connections Holdings Inc. (OTCBB: MCTH.OB) reported second-quarter revenue of $1.6 million, down 8.8 percent from the same period last year, according to a filing with the U.S. Securities and Exchange Commission. However, the Boca Raton, Fla.-based firm sold its healthcare staffing business to Trustaff Medical Connections LLC for a total purchase price of almost $1.7 million effective July 30.

The sale left the company with no operations, according to the filing. The firm’s executive officers plan to explore other business opportunities including through possible business combinations.

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