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Medical Connections buys Medical Staffing Direct

January 23 2008
Healthcare staffing firm Medical Connections Holdings Inc. (OTCBB: MCTH.OB) said it struck a deal to buy the assets of Medical Staffing Direct, a Florida-based medical staffing company. The assets include $500,000 in cash and receivables, as well as hospital contracts. Medical Staffing Direct provided per diem nurse staffing to markets in Florida and New York and had $6 million in its last business year. Medical Connections Holdings will provide 1.2 million of its shares in return for the assets. The deal is set to complete prior to March 31.

Boca Raton FL-based Medical Connections Holdings provides allied, nurse, and physician staffing and recruiting services.


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