Business Wire (03/03/2014)
CTPartners Executive Search Inc. has acquired Sydney, Australia-based Johnson Executive Search. “Acquiring Johnson further establishes our geographic footprint in the Asia Pacific region, an area that is anticipated to experience accelerated growth over the coming years,” says Brian Sullivan, chief executive officer of CTPartners. “In addition to its strategic value Johnson will be accretive to earnings in 2014.”
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
Business Wire (03/03/2014)
Corporate Resource Services Inc. has acquired Nationwide Screening Services of Melville, NY. “Nationwide Screening Services will bring gross margins of over 65% to CRS, which is complementary to our overall strategic plan of increasing the corporation’s profitability,” says Mark S. Levine, chief operating officer for CRS.
TeamHealth Holdings News Release (03/03/14)
TeamHealth Holdings, one of the nation’s largest providers of outsourced physician staffing solutions for hospitals, announced a merger with the operations of Salutis Emergency Specialists PLLC, based in Martinsburg, WV. Salutis Emergency Specialists manages and staffs the hospital emergency department for University Healthcare, Berkeley Medical Center. TeamHealth began providing services for the hospital’s emergency department on March 1.
Wall Street Journal (03/03/14) Jonathan House; Kathleen Madigan
The Institute for Supply Management’s broad manufacturing index rose 1.9 points to 53.2 in February, after a substantial decline in January. Readings above 50 indicate expansion. The reading came despite manufacturer reports that weather disrupted business worse in February than in January.
Fourteen of 18 industries grew. However, the production index fell to 48.2, the first time the index has contracted since last spring and the lowest level since May 2009, prior to the end of the recession. Meanwhile, the new orders index rose to 54.5 from 51.2.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
Don’t miss tomorrow’s ASAPro webinar “Gain a Competitive Advantage With ASA Certification,” 3–4 p.m. Eastern time. Learn about the Certified Staffing Professional® and Technical Services CertifiedSM credentials—and get the details about the new Certified Search Consultant® program.
All ASAPro webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. Register online at americanstaffing.net.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
If you’re already a member, please sign in to read more.
Home