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Kforce Announces Closing the Sale of KCR and Gives Outlook for the Firm for the Remainder of 2012 and 2013

Kforce Inc. News Release (04/03/12)

Kforce Inc. on April 3 announced the completion of the sale of all of the issued and outstanding shares of capital stock of Kforce Clinical Research Inc. for an aggregate purchase price of $50 million in cash. David Dunkel, chairman and chief executive officer at Kforce, said, “Selling this division was a logical step for us as we continue to narrow our focus, streamline our business mix, and concentrate our resources on our core service offerings.”