Medical Connections Holdings, Inc. Reports on M&A Opportunities
July 21 2010 - 4:30PM
Business Wire
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.
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"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.
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