Medical Connections Holdings, Inc. Reports Increased Travel Staffing Business since Restructure
BOCA RATON, Fla., Dec 20, 2011 (BUSINESS WIRE) -- Medical Connections Holdings, Inc. MCTH +40.63% a national provider of healthcare staffing services, announced today its travel headcount has increased over 43% since completing the restructuring of its operations. In addition, the Company has maintained its gross margin for its Travel Division at 22% as the Company has continued to control costs and obtain higher margin contracts.
Anthony Nicolosi, Company President, stated, "We continue to make progress towards our goal of building a strong company. Our focused efforts on increasing our travel revenue and related margins have really paid off. We are getting much closer to our breakeven point. With all these factors working together we can now renew our efforts towards looking at acquisitions. We will continue to work hard to improve our business."
About Medical Connections, Inc.
Medical Connections, Inc., headquartered in Boca Raton, Florida, 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.