October 31, 2014

AMN Healthcare Announces Third-Quarter 2014 Results

Published October 31, 2014 ■ Headline News

AMN Healthcare Services News Release (10/30/14)

AMN Healthcare Services Inc. reported revenues of $264.6 million for the third quarter of 2014, up 2.9% from $257.1 million in the third quarter of 2013. The company reported net income of $8.5 million, down 1.2% from $8.6 million in the year-ago quarter.

Third-quarter revenue totaled $174.3 million for its nurse and allied health care staffing segment, up 1.9% from $171.0 million; $78.8 million for its locum tenens staffing segment, up 4.8% from $75.2 million; and $11.4 million for its physician permanent placement services segment, up 4.6% from $10.9 million.

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Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?

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.

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Compunnel Acquires Challenge Training & Consulting Inc.

Published October 31, 2014 ■ Headline News

PRWeb (10/30/14)

Business technology services company Compunnel Software Group Inc. of Plainsboro, NJ, has acquired Lyndhurst, NJ-based Challenge Training & Consulting Inc., a learning services, staff augmentation, and consulting company that provides human capital and staffing solutions globally. The financial terms of the deal were not disclosed.

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Welcome New ASA Members

Published October 31, 2014 ■ ASA for You

The ASA board of directors and staff welcome the following new members, which joined during the week of Oct. 20.

Alliance Workforce Inc.

Kansas City, KS

The Arnold Group–A Human Resource Co.

Wichita, KS

C2 Staffing Solutions

New Canaan, CT

Michigan Staffing

Warren, MI

MOS Therapy Staffing

Houston, TX

MS Inspection & Logistics

Indianapolis, IN

Southside Temporaries

St Louis, MO

The Staffing People Inc.

Americus, GA

Vertex Global Solutions

New York, NY