- Entered into a definitive agreement to acquire CyberCoders Holdings, Inc., a technology-enabled permanent placement recruiting firm, for $94 million in cash and an earn-out opportunity of $11 million.
- Completed acquisition of Whitaker Medical, LLC, a physician staffing firm, for $17.1 million in cash and an earn-out opportunity of $5 million.
- Completed sale of the Allied Healthcare unit for $28.7 million. Operating results of this unit will be treated as discontinued operations.
- Updated Q4 estimates to reflect the two acquisitions, the sale of Allied Healthcare and recent operating developments.
On Assignment, Inc. (NYSE: ASGN), a leading global provider of diversified professional staffing solutions, today announced the following transactions: a definitive agreement to acquire CyberCoders Holdings, Inc., a leading national permanent placement recruiting firm; the acquisition of Whitaker Medical, LLC, a leading physician staffing firm; and the sale of its Allied Healthcare business unit to Cross Country Healthcare, Inc. (NASDAQ:CCRN), a company that specializes in healthcare staffing. The Company also updated its estimates for the fourth quarter of 2013. Highlights: