News
July, 2010
Medical Connections Holding, Inc Appoints New Chief Executive Officer
[Jul 30, 2010] MEDICAL CONNECTIONS HOLDINGS, INC. APPOINTS
NEW CHIEF EXECUTIVE OFFICER Read more
June, 2010
Medical Connections Launches Major Social Media Campaign
[Jun 3, 2010] Medical Connections Launches Major Social Media Campaign
Twitter, Face Book and Free, First-of-Its-Kind iPhone App Kick Off Next Era in Leading Healthcare Staffing Company’s Networking & Information-Sharing Efforts Read more
March, 2010
Medical Connections Taps New COO to oversee daily operations, future acquisitions
[Mar 23, 2010] BOCA RATON, FL – Tuesday, March 2, 2010 - Medical Connections Holdings, Inc. (OTC
Bulletin Board: MCTH), one of the nation’s fastest growing healthcare staffing companies
specializing in allied health, nurse and physician staffing and recruiting services, said it has
successfully recruited Jeff Rosenfeld as its new Chief Operating Officer. Read more
Medical Connections signs definitive agreement to buy Trustaff Management, Inc.
[Mar 23, 2010] Medical Connections Holdings, Inc. (OTC Bulletin Board: MCTH),
one of the nation’s fastest growing healthcare staffing companies specializing in allied health,
nurse and physician staffing and recruiting services, said it has entered into a stock purchase
agreement to acquire all of the issued and outstanding capital stock of Trustaff Management,
Inc., an Ohio corporation and its five wholly-owned limited liability companies. Read more
February, 2010
Health Care News
November, 2009
Medical Connections, Inc. amends lease on new office space...
[Nov 17, 2009] Mr. Anthony Nicolosi, President of Medical Connections, Inc. stated, “We are pleased with the renegotiated terms of the lease agreement. Specifically, the amendment will result in savings of $1,126,243 in total minimum payments required over the term of the lease. The significant reduction in our monthly rent is attributable to our decision to reduce the size of the leased property from 18,966 square feet to 10,058 square feet. We believe that reducing the square footage will not only improve our cash flow, but more importantly, will still provide adequate space to implement our business strategy. Read more
Medical Connections Holdings, Inc. reports third quarter 2009 results
[Nov 13, 2009] Medical Connections Holdings, Inc. (OTC Bulletin Board: MCTH) announced its results for the three and nine months ended September 30, 009. Revenue for the third quarter was $1,552,899, a decrease of $302,772, or 16.3%, when compared to the $1,855,671 in revenue for the same three-month period one year ago. perating expenses declined $555,151 to $3,311,864 as the Company continued its expense reduction efforts. The net losses for the three months ended September 30, 2009 and September 30, 2008 were $1,924,987 and $2,006,885, respectively. Read more
October, 2009
Medical Connections Finalizes Integration
[Oct 8, 2009] "The Microsoft Dynamics solution carries with it a uniquely designed data management system that is robust enough to support Medical Connections’ anticipated expansion over the next decade," explained Brian R. Neill, Chief Financial Officer and the software project sponsor. "Now that the system is finalized, we will see an increase in productivity and a streamlining of our day-to-day processes." Read more
September, 2009
Medical Connections Holdings, Inc. enters into an agreement to acquire national healthcare staffing company
[Sep 24, 2009] 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.” Read more
Medical Connections Retains Joseph Gunner & Co.
[Sep 23, 2009] Medical Connections Holdings, Inc. (OTC Bulletin Board: MCTH), one of the nation’s fastest growing healthcare staffing companies specializing in allied health, nurse and physician staffing and recruiting services, is pleased to announce it has retained New York City-based broker dealer Joseph Gunnar & Co as its exclusive investment banker. Read more
May, 2009
Medical Connections Announces Asset Purchase Agreement with Medical Staffing Direct
[May 28, 2009] Medical Staffing Direct previously operated as a provider of per-diem nurse staffing for large national hospital clients. MSD’s core business was conducted in the Florida and New York markets. The assets include hospital contracts and industry relationships, which include several key MSD directors that will assist Medical Connections in future relationships with national clients. MSD conducted approximately six million dollars in annual revenue during its last year in business. Read more
Medical Connections Holdings, Inc. Moving Forward With Targeted Growth
[May 11, 2009] Medical Connections President, Anthony Nicolosi, commented, "This acquisition will help us evaluate our controls and procedures in integrating operating systems and information technology. This will be the first of many acquisitions that will be completed throughout 2009 and 2010. During this past year, we have evaluated several potential acquisition candidates throughout the country. Our independent consultants and our own financial team determined that the targeted companies’ operating systems and financial controls were compatible with our own as well as the synergies that can be created. However, the experience has taught us where we need to focus and the niche markets we need to evaluate.” Read more
Medical Connections Holdings sees continued growth in the medical staffing industry
[May 7, 2009] Healthcare is one of the country’s largest economic sectors, accounting for over $2 trillion in annual expenditures. The healthcare industry remains one of the top social and political issues in the United States. Some current projections indicate a deficit of 200,000 physicians and 800,000 nurses in the United States by the year 2015. Read more
November, 2008
Medical Connections Holdings, Inc. reports 58% increase in revenue for the third quarter 2008
[Nov 14, 2008] Medical Connections (OTC Bulletin Board: MCTH) reported that for the three months ended September 30, 2008, revenues increased 58% to $1,855,671 from $1,176,850 for the three months ended September 30, 2007. Net loss for the three months ended September 30, 2008 was $2,006,885, as compared to $1,811,517 for the same period in 2007. This represents a 30% decrease in net loss margin period to period. Read more
August, 2008
No matter how you analyze it…
[Aug 21, 2008] According to a 2008 confidential report issued to member firms only by Staffing Industry Analysts, Inc, a research and analysis firm that specializes in workforce issues, the number of private staffing firms posting 2003-2007 annual revenue growth of more than 25% increased significantly in 2007. Read more
July, 2008
Medical Connections, Inc. signs lease on new office space to provide for expansion
[Jul 2, 2008] Medical Connections, Inc. (OTC Bulletin Board: MCTH), one of the nation’s fastest growing healthcare staffing companies specializing in allied health, nurse and physician staffing and recruiting services, has signed a seven year lease on larger office space to accommodate its expansion plans. Read more
