Medical Connections Holdings, Inc. Reports on M&A Opportunities

Medical Connections Holdings, Inc. (OTCBB:MCTH), a national provider of medical recruitment and staffing services, reported today on the status of the merger and acquisition opportunities that exist in the healthcare services arena.

During the second half of 2010, the Company expects that M&A activity will remain strong as business owners are looking to capitalize on liquidity options prior to the anticipated increase in capital gains tax rates in 2011. Additionally, the increasing focus of investors looking to place more capital into healthcare services investments, as well as with strategic buyers seeking acquisitions to supplement organic growth in order to maintain or increase market share, will be major factors in the continuing expansion of M&A activity in the healthcare services sector.

Anthony Nicolosi, Company President, stated, “We are finding many local attractive acquisition targets as we implement growth through our acquisition model. We are finding the M&A marketplace to be active with reasonable expectations on the part of owners looking to obtain some liquidity. All in all, we expect the next 6-12 months to be quite productive. More shareholder updates on our local findings as well as an update on the TruStaff acquisition will be forthcoming in the near term.”

Medical Connections, Inc. is a national provider of medical recruitment and staffing services. The Company’s business is to identify, select and place the industry’s most talented healthcare specialists, nurses, pharmacists, physicians and hospital management executives. The Company provides recruiting and staffing services for permanent and contract positions, leaving options for both clients and candidates to decide the optimal formula for working together.

With headquarters in Boca Raton, Florida, Medical Connections is ideally positioned to increase its presence in the U.S. healthcare market. Medical Connections Holdings, Inc. is a fully reporting company trading on the OTC B/B under the ticker: MCTH.

Learn more:

Facebook

Twitter

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements, as a result of either the matters set forth or incorporated in this report generally or certain economic and business factors, some of which may be beyond the control of Medical Connections. These factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital to support our operations, projections of revenues and profitability and other risks described in our 10-K for our fiscal year ended December 31, 2009. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.

Medical Connections (CE) (USOTC:MCTH)
Historical Stock Chart
From Jul 2024 to Aug 2024