ATC Completes Acquisition of Medical Staffing Company in Arizona.LAKE SUCCESS, N.Y. -- ATC ATC Air Traffic Control ATC Average Total Cost ATC Certified Athletic Trainer ATC At the Center (Hartford, Maine retreat center) ATC Applied Technology Council ATC All Things Considered Healthcare, Inc. (AMEX AMEX See: American Stock Exchange :AHN AHN Athens, GA, USA (Airport Code) AHN Army Health Nurse (US Army) AHN Aetna Hispanic Network AHN Allied Health Network AHN Ad Hoc Network ), a leader in medical staffing, announced today that it has closed on its acquisition of the assets of Critical Nursing Services Inc. (CNS See Continuous net settlement. CNS See continuous net settlement (CNS). ), a leading provider of per diem per diem adj. or n. Latin for "per day," it is short for payment of daily expenses and/or fees of an employee or an agent. and travel nursing in the Arizona market. CNS has locations in Phoenix, Tucson and Gilbert Arizona, as well as a travel division located in Whitefish, Montana. CNS, which had revenue of approximately $7.0 million dollars, last year, will be accretive to the earnings of ATC. "The acquisition of Critical Nursing Solutions, a market leader in Arizona, is very significant for ATC," remarked David Savitsky, Chief Executive Officer. "CNS gives us four new locations in two new states, which broadens our ability to recruit and staff personnel for travel and government contracts. With this accretive transaction and our steady improvement in operations, ATC can look forward to a profitable year in FY 07." Derek Springfield, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Critical Nursing Services said, "I am very pleased that ATC and CNS have completed this transaction. I look forward to working with the entire staff of CNS to continue the consistent growth that CNS has experienced in the past few years." About ATC Healthcare, Inc. ATC is a national leader in medical staffing personnel to hospitals, nursing homes, clinics and other health care facilities with 58 locations in 33 states. ATC provides supplemental staffing, outsourcing and human resources solutions to hospitals, nursing homes, medical and research facilities and industry. Drawing from a pool of over 15,000 health care professionals spanning more than 50 specialties, the company supplies both clinical and non-clinical personnel for short-term, long-term, and "traveling" contract assignments. To learn more about the company's services, visit their web site at www.atchealthcare.com. This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in ATC Healthcare, Inc. Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended February 28, 2006 as filed with the Securities and Exchange Commission on May 30, 2006. |
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