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On Assignment Announces Two Acquisitions, Sale of Its Allied Healthcare Unit

On Assignment Inc. News Release (12/02/13)

On Assignment Inc. has signed a definitive agreement to acquire CyberCoders Holdings Inc., a national permanent placement recruitment firm; acquired Whitaker Medical LLC, a physician staffing firm; and sold its Allied Healthcare business unit to Cross Country Healthcare Inc., a health care staffing company.

On Assignment will pay $94 million for CyberCoders, with an earn-out opportunity of $11 million. It purchased Whitaker for $17.1 million and an earn-out opportunity of $5 million. On Assignment earned $28.7 million for the sale of Allied Healthcare.