Navigation Links
TeamStaff Announces Agreement to Sell Its Travel Healthcare Subsidiary
Date:12/29/2009

SOMERSET, N.J., Dec. 29 /PRNewswire-FirstCall/ -- TeamStaff, Inc. (Nasdaq: TSTF), a leading healthcare and logistical staffing provider serving the Federal Government, today announced that it has reached a definitive agreement to sell certain assets of its travel nursing and allied healthcare subsidiary, TeamStaff Rx, Inc. to Advantage RN, LLC. TeamStaff Rx is located in Clearwater, Florida. The transaction is structured as an all cash purchase which is expected to close on or about January 4, 2010. The effective date of the transfer of employees was December 28, 2009. Other terms of the transaction were not disclosed.

TeamStaff's travel healthcare subsidy will be accounted for as discontinued operations when the company reports fourth quarter and fiscal year end results. The company plans to file an extension with the Securities and Exchange Commission for the filing of its Annual Report on Form 10-K and expects to report fourth quarter and year end results on or about January 13, 2010.

Commenting on the transaction, Rick J. Filippelli, TeamStaff's President and CEO, said, "The divestiture of TeamStaff Rx will allow the Company to focus on its core business, TeamStaff Government Solutions ('GS'), which provides human capital solutions to government agencies. TeamStaff plans to use the sales proceeds to help fund the development and expansion of GS."

Commenting on the acquisition, Mathew Price, Advantage RN's President and CEO added, "We believe our acquisition of TeamStaff Rx, which includes a strong presence in the Allied segment of Healthcare Staffing, will provide synergy with our Travel Nurse and Locum Tenens divisions to support our vision of providing our hospital clients with a complete solution to their supplemental staffing needs. Additionally, we feel that the industry knowledge, manag
'/>"/>

SOURCE TeamStaff, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. TeamStaff Awarded $3.3 Million Contract
2. TeamStaff Announces Transfer to Nasdaq Capital Market
3. TeamStaff Announces Revised Business Strategy; Chief Executive Officer to Step Down on Completion of Search For Successor
4. TeamStaff Receives Nasdaq Deficiency Notice Related to the Market Value of Its Publicly Held Shares
5. TeamStaff Reports Third Quarter Results
6. TeamStaff, Inc. To Announce Third Quarter Results
7. TeamStaff Reports Second Quarter Results
8. TeamStaff Rx Signs Staffing Agreement With One of the Nations Largest Healthcare Services Networks
9. General Services Administration Awards Information Technology Schedule Contract to TeamStaffs Government Staffing Subsidiary
10. TeamStaff Promotes Kevin Wilson to President of Government Staffing Subsidiary
11. TeamStaff, Inc. Reports Preliminary Second Quarter 2008 Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/17/2014)... many as 10 million older Americans suffer from depression, ... , However, new research a project that followed ... six years found that Internet use among the ... than 30 percent. , "That,s a very strong effect," ... telecommunication, information studies and media who led the project. ...
(Date:4/17/2014)... CHICAGO, IL, April 17, 2014-- Colic affects about one ... accounts for numerous pediatric visits during the first several ... of colic symptoms was showing promise; however, the April ... (BMJ2014;348:g2107; Sung, Valerie) reported on a study, "Probiotics ... probiotic L reuteri for infant colic ...
(Date:4/17/2014)... from Boston University School of Medicine (BUSM) have ... consumption in an experimental model. The findings, reported ... Alcohol Abuse , may lead to more effective ... is one of the leading causes of illness ... negative economic impact by limiting the productivity of ...
(Date:4/17/2014)... An international team led by researchers at UC Davis ... plays a key role in cell division, also boosts ... the first time the complex has been shown to ... B1/Cdk1 an excellent target to control cellular energy production, ... was published online today in the journal Developmental ...
(Date:4/17/2014)... Cesar A. Arias, M.D., Ph.D., at The University of ... a new superbug that caused a bloodstream infection in ... 17 issue of The New England Journal of ... a class of highly-resistant bacteria known as methicillin-resistant ... cause of hospital and community-associated infections. The superbug has ...
Breaking Medicine News(10 mins):Health News:Internet use can help ward off depression among elderly 2Health News:New study says probiotic use for infant colic is not effective in reducing symptoms 2Health News:BUSM researchers find anti-seizure drug may reduce alcohol consumption 2Health News:Dual role: Key cell division proteins also power up mitochondria 2Health News:New MRSA superbug emerges in Brazil 2
... , TUESDAY, Dec. 7 (HealthDay News) -- The presence ... structural heart disease and increased risk of death from all ... name of cardiac troponin T (cTnT) -- a heart-specific ... In addition, elevated cTnT levels are associated with a ...
... school-based intervention program designed for adolescents with asthma ... for the students who participate, and reduces asthma ... who studied the effect of the program aimed ... Asthma Self-Management for Adolescents (ASMA) program is an ...
... Three investigators from The Saban Research Institute of ... prestigious Society for Pediatric Research. Their election to this ... pediatrics. The Society for Pediatric Research exists ... engaged in creating new knowledge that advances the health ...
... Holohan HealthDay Reporter , TUESDAY, Dec. 7 ... lives than stay-at-home folks because they create a network ... study suggests. Conducted at the University of Wisconsin, ... attend church weekly say they are "extremely satisfied" with ...
... , TUESDAY, Dec. 7 (HealthDay News) -- Certain influenza ... to spread, a new study warns. American and Canadian ... antiviral drugs can occur in several ways and said this ... three years. The team analyzed 28 seasonal ...
... News) -- Teens who have health problems have fewer friends ... than they actually are, new research shows. U.S. researchers ... a 1994-1996 survey that asked them about their health and ... health as "excellent" or "very good." The rest of the ...
Cached Medicine News:Health News:New Test Links Blood Protein to Heart Disease, Diabetes Risk 2Health News:School-based program helps adolescents cope with asthma 2Health News:School-based program helps adolescents cope with asthma 3Health News:Investigators from Children's Hospital LA honored 2Health News:Friends May Be Key to Churchgoers' Happiness 2Health News:Friends May Be Key to Churchgoers' Happiness 3Health News:Flu Viruses Gaining Resistance, Study Confirms 2Health News:Teens' Poor Health Linked to Fewer Friends 2
(Date:1/15/2014)...  Celsion Corporation (the "Company") (NASDAQ: CLSN ) ... investors to purchase an aggregate of approximately $15 million ... direct offering, led by a dedicated health care fund. ... with these investors pursuant to which the Company agreed ...
(Date:1/15/2014)... , Jan. 15, 2014  Humberto C. Antunes,  Galderma  worldwide ... from the Journal of Drugs in Dermatology ... Conference (ODAC). The event is January 17-20, 2014, at the Omni ... . The ODAC is a distinguished ...
(Date:1/15/2014)... 2014  In an unprecedented effort to curb the spread of "superbugs" ... transport vehicles, an advanced and portable UV germicidal lamp manufactured by ... time. In order to prevent EMS paramedics and ... West Palm Beach Fire Rescue is the first ...
Breaking Medicine Technology:Celsion Corporation Announces $15 Million At-The-Market Registered Direct Offering 2Celsion Corporation Announces $15 Million At-The-Market Registered Direct Offering 3Galderma's global leader honored with a "Lifetime in Dermatology Achievement Award" by Journal of Drugs in Dermatology 2Galderma's global leader honored with a "Lifetime in Dermatology Achievement Award" by Journal of Drugs in Dermatology 3Galderma's global leader honored with a "Lifetime in Dermatology Achievement Award" by Journal of Drugs in Dermatology 4Superbugs No Longer Ride In Rescue Vehicles 2
... Inc. today announced that it has been awarded the ... New Jersey Business & Industry Association (NJBIA), the largest ... earned the award based on criteria including increased productivity ... new jobs. , "We are delighted that the New ...
... Group, Inc., a leading provider of clinical development services ... today announced its participation at the 8th Annual Partnerships ... Trade Center in Rotterdam, The Netherlands from November 3-6, ... will discuss some of the most important issues to ...
Cached Medicine Technology:Ikaria Receives Award for Excellence by New Jersey Business & Industry Association 2PharmaNet Development Group Management Participates in the 8th Annual Partnerships in Clinical Trials Conference in Rotterdam 2
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
Medicine Products: