Organic Growth Combines With Two Strategic Acquisitions
JACKSONVILLE, Fla., March 2 /PRNewswire-FirstCall/ -- MPS Group, Inc.
(NYSE: MPS), a leading provider of specialty staffing, consulting, and
business solutions, today announced the expansion of Soliant Health, its
healthcare staffing business unit. Soliant Health is a leading provider of
traveling nurses and allied healthcare professionals to hospitals and
healthcare providers.
Soliant Health continued the execution of its organic growth strategy by
establishing a stronger presence in the western United States, through the
opening of two additional sales locations. Soliant Health increased its
presence in the West in order to service cities with favorable demographics
and take advantage of increases in demand created by the recently enacted
nurse-to-patient ratio mandated by legislation in California. Soliant Health
will continue to pursue an organic growth strategy focused on the recruitment
of traveling licensed healthcare professionals.
Augmenting this organic growth strategy, Soliant Health also completed the
acquisition of two specialized healthcare staffing companies that will
strengthen its service offerings nationwide and provide a broader platform for
future growth. Soliant Health has acquired Sunbelt Staffing Solutions, a
provider of traveling nurses, occupational, speech and physical therapists,
and the allied health division of MSI International, a specialty provider of
traveling allied health professionals. Both companies are based in the eastern
United States and provide a diverse range of specialized healthcare services
to hospitals and other healthcare-related enterprises throughout the United
States.
"We are pleased to welcome the employees of these two fine companies,"
said David K. Alexander, president of Soliant Health. "Given our growth plans,
there should be many opportunities for them to build outstanding careers with
Soliant Health and MPS Group.
"Due to the decline in graduation rates for licensed healthcare
professionals, coupled with longer life spans and the aging of the U.S.
population, a shortage of healthcare workers is predicted over the next twenty
years," Mr. Alexander added. "By providing excellent service to both our
clients and our base of healthcare professionals, we can play an important
role in filling this need."
"We have a long-term focus on growing our healthcare staffing business,"
said Timothy D. Payne, chief executive officer of MPS Group. "These strategic
initiatives bring our projected 2004 healthcare staffing revenue to
approximately $50 million, bringing us closer to achieving the critical mass
that we need to be a leader in the healthcare staffing market place."
About Soliant Health
Soliant Health is a leading provider of specialized healthcare staffing
services to hospitals and healthcare providers. By supplying traveling nurses
and allied healthcare professionals on both temporary and direct hire
assignments, Soliant Health delivers comprehensive healthcare staffing
services to leading facilities across the United States. Our teams of
professionals are qualified to fill nursing, imaging, therapy, and other
healthcare positions. For more information about Soliant Health, please
visit http://www.soliant.com .
About MPS Group
MPS Group is a leading provider of staffing, consulting, and solutions in
the disciplines of information technology, finance and accounting, law,
engineering, and healthcare. MPS Group delivers its services to government
entities and businesses in virtually all industries throughout the United
States, Canada, the United Kingdom, and Europe. A Fortune 1000 company with
headquarters in Jacksonville, Florida, MPS Group trades on the New York Stock
Exchange. For more information about MPS Group, please
visit http://www.mpsgroup.com .
Forward-Looking Statements
The statements contained in this press release should be considered
forward-looking statements that are subject to risks, uncertainties or
assumptions described above and may be affected by other factors, including
but not limited to: fluctuations in the economy and financial markets in
general and in the Company's industry segments in particular; industry trends
towards consolidating vendor lists; the demand for the Company's services,
including the impact of changes in utilization rates; consolidation or
bankruptcy of major customers; the effect of competition, including the
Company's ability to expand into new markets and to maintain profit margins in
the face of pricing pressures; the Company's ability to retain significant
existing customers or obtain new customers; the Company's ability to recruit,
place and retain consultants and professional employees; the Company's ability
to identify and complete acquisition targets and to successfully integrate
acquired operations into the Company; possible changes in governmental
regulations affecting the Company's operations, including possible changes to
regulations relating to benefits for consultants and temporary personnel;
unexpected fluctuations in interest rates or foreign currency exchange rates;
loss of key employees; and other factors discussed in the Company's filings
with the Securities and Exchange Commission. In some cases, you can identify
forward-looking statements by terminology such as "will," "may," "should,"
"could," "can," "expects," "plans," "hopes," "indicates," "projects,"
"anticipates," "perhaps," "believes," "estimates," "appears," "predicts,"
"potential," "continues," "would," or "become," or the negative of these terms
or other comparable terminology. Readers are urged to review and consider the
factors discussed in our Form 10-K for 2002 and in subsequent filings with the
Securities and Exchange Commission.
Should one or more of these risks, uncertainties or other factors
materialize, or should underlying assumptions prove incorrect, actual results,
performance or achievements of the Company may vary materially from any future
results, performance or achievements expressed or implied by the forward-
looking statements. Forward-looking statements are based on beliefs and
assumptions of the Company's management and on information then currently
available to management. Undue reliance should not be placed on such forward-
looking statements. Forward-looking statements are not guarantees of
performance. Such forward-looking statements were prepared by the Company
based upon information available at the time of such statements. Forward-
looking statements speak only as of the date they are made, and the Company
undertakes no obligation to update publicly any of them in light of new
information or future events.
SOURCE MPS Group, Inc.
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Related links:
http://www.soliant.co
http://www.mpsgroup.com
CONTACT:
Tyra Tutor, Vice President, Corporate
Development of MPS Group, Inc., +1-904-360-2500, or
tyra.tutor@mpsgroup.com
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