Elwood Staffing News Release (02/20/2013)

Elwood Staffing, headquartered in Columbus, IN, today announced that it has purchased SOS Employment Group, headquartered in Salt Lake City. SOS will be a wholly owned subsidiary of Elwood Staffing that will operate like a sister company. Mark Elwood, chief executive officer of Elwood Staffing, will lead the combined entity, which will have annual revenue of more than $750 million.

“This transaction combines the service capabilities, technologies, geographic reach, and best practices of two successful companies,” Elwood says. With virtually no geographic overlap, the firms together will operate more than 170 offices and more than 50 on-site client locations in 33 states and in Canada. Financial details of the transaction were not announced.

Medical Solutions News Release (02/19/13)

Medical Solutions has acquired OA Nurse Travel from On Assignment Inc. With the finalization of this deal, the company will employ more than 1,000 traveling nurses and become the third-largest travel nurse staffing company. Medical Solutions will maintain its corporate headquarters in Omaha, NE, and add offices located in Cincinnati; San Diego; and Tupelo, MS. Financial terms of the deal were not announced.

CTG News Release (02/19/13)

CTG reported revenue of $107.9 million for the fourth quarter of 2012, up 7% from $100.9 million during the same period in 2011. The information technology solutions and services company also reported net income of $4.9 million for the fourth quarter, up 48% from $3.3 million the prior year. Over the same period, its staffing revenue totaled $62.6 million, up 3.4% and accounting for 58% of total revenue. Revenue was up 7% to $424.4 million for all of 2012, and net income climbed 35% to $16.2 million for the full year.

Reuters (02/19/13)

North Carolina Gov. Pat McCrory on Feb. 19 signed into law a bill that will cut benefits for jobless workers by about one-third and reduce how long they can collect any aid. The Republican governor says the measure marks an important step toward fixing the state’s unemployment insurance system. The law, which takes effect on July 1, cuts maximum weekly benefits to $350 from $535 and caps benefits at 12 to 20 weeks, depending on the unemployment rate, instead of the current 26 weeks.

McCrory says the measure “will protect our small businesses from continued over-taxation, ensure our citizens’ unemployment safety net is secure and financially sound for future generations, and help provide an economic climate that allows job creators to start hiring again.” North Carolina has more than 400,000 jobless workers, making its 9.2% unemployment rate, the fifth-highest in the country.