Medical Connections Holdings, Inc. (fka MCTH)

[BMac22]

NEWS!!!
http://finance.yahoo.com/news/Medical-Connections-Signs-bw-1478263057.html?x=0&.v=1

Medical Connections Signs Agreement to Buy Midwest Healthcare Staffing Company
BOCA RATON, Fla.--(BUSINESS WIRE)--Medical Connections Holdings, Inc. (OTCBB:MCTH - News), one of the nation’s fastest growing healthcare staffing companies specializing in allied health, nurse and physician staffing and recruiting services, said it has executed a definitive agreement to purchase a well-respected Midwest-based healthcare staffing firm with a particular expertise in the rapidly-growing field of travel nursing.

“We are very excited about this latest acquisition,” said Anthony Nicolosi, President, Medical Connections. “We are staying within our plan to have under our roof the best experts, leaders and infrastructure that exist within our industry to become one of the largest in the sector,” he added.

This acquisition, according to Nicolosi, represents 2009 annual revenue in excess of $42MM, generating operating profits in excess of $4.4MM. The company being acquired currently operates out of a 13,000 square-foot space with approximately 100 corporate staff supporting 500 healthcare professionals working at various clients throughout the U.S.

Since 2002, this company has been a leader in providing staffing and related placement services in the area of travel nursing. As the company grew, it expanded its services and offerings to include the placement of allied, pharmacists, physicians and other healthcare professionals to facilities throughout the U.S.

Nicolosi further explains, “This business combination will present opportunities that will benefit our teams internally as well as our candidates and clients nationwide.

Medical Connections expects to announce more details in the Form 8-K in the next 3 days and a closing date within 60 days.