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TeamHealth Holdings Inc. Announces Second-Quarter 2015 Financial Results

TeamHealth Holdings News Release (08/04/15)

TeamHealth Holdings Inc. reported revenues of $878 million for the second quarter of 2015, up 30.1% from $675.1 million in the second quarter of 2014. Net earnings totaled $28.9 million, down from $30.2 million in the year-ago quarter.

BG Staffing Inc. Announces Q2 2015 Financial Results

PR Newswire (08/03/15)

BG Staffing Inc. reported revenues of $49.8 million in the second quarter of 2015, up 16.2% from $42.8 million in the second quarter of 2014. Net income totaled $1.5 million, a change from $0.2 million in the year-ago quarter.

TeamHealth Announces Two Acquisitions

TeamHealth Holdings News Release (08/04/15)

Team Health Holdings Inc. has announced a definitive agreement to acquire IPC Healthcare Inc., a national acute hospitalist and post-acute provider organization. The boards of directors of both companies have approved the transaction.

Team Health also has acquired the operations of Patchogue, NY-based Brookhaven Anesthesia Associates. The acquisition will add more than 30,000 annual anesthesia cases to TeamHealth’s existing anesthesia operations.

General Employment Acquires Agile Resources

Agile News Release (08/03/15)

General Employment Enterprises Inc., a provider of specialty staffing services and solutions, has acquired Atlanta-based Agile Resources Inc., a provider of information technology staff augmentation and consulting services.

RCM Technologies Inc. Acquires Substation Design Services LLC

Globe Newswire (08/03/15)

RCM Technologies Inc. has acquired Pennsylvania-based engineering firm Substation Design Services LLC to enhance RCM’s engineering services capabilities.

U.S. Manufacturers Expand at Slower Pace in July

Wall Street Journal (08/03/15) Jeffrey Sparshott

Manufacturers expanded at a slower pace in July, according to the Institute for Supply Management. The ISM’s manufacturing purchasing managers index declined to 52.7 in July from 53.5 in June. A reading above 50 indicates expansion. The July data are the latest in a series of mixed reports for U.S. manufacturers.

“Obviously we’ve been kind of up and down, with signs of hope followed by some level of disappointment,” says Bradley Holcomb, who oversees the ISM survey. “Nevertheless, you’ve got to like the fact that we’ve been growing for 31 consecutive months. And I don’t see anything in terms of headwinds that would slow us down at all.”

The employment index decreased to 52.7 in July from 55.5 in June. Meanwhile, the ISM new orders index rose to 56.5 in July from 56 in June. New orders, which have risen for four consecutive months, are often seen as a leading indicator of activity.

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