Medical Connections Holdings to acquire a nationwide healthcare staffing company

Sep 24 2009

Medical Connections Holdings, Inc. (OTCBB:MCTH), one of the nation’s fastest growing healthcare staffing companies specializing in allied health, nurse and physician staffing and recruiting services, has entered into a Letter of Intent to acquire a nationwide healthcare staffing company, whose 2008 revenue exceeded $50 million.

Medical Connections’ President, Anthony Nicolosi, asserts “Management’s primary focus is to grow the infrastructure of Medical Connections Holdings through strategic and targeted acquisitions. We feel that we have found a company that would not only be a great compliment to our existing structure, but also bring us one step closer to being one of the premier medical staffing companies in the U.S.”

The addition of this acquisition is potentially great news for Medical Connections and its shareholders. This national company runs a strong, profitable operation with virtually the same business lines as Medical Connections. “We are very excited about this acquisition, it’s an excellent fit.” Mr. Nicolosi goes on to state, “Additionally, we will continue to seek out strong acquisitions that will contribute to our overall strength and market presence.”

Medical Connections intends to complete the final phases of due diligence over the coming weeks. “We hope to complete this acquisition in the near-term and should that happen, Medical Connections Holdings, Inc. plans on filing for an immediate up listing to a higher exchange. Rest assured we will update our shareholders as further developments unfold,” Mr. Nicolosi declared.