MSNW Medical Staffing Network Holdings Inc. featured news, full reports, and detailed charts
Medical Staffing Network Holdings Inc. (MSNW/MSNW.PK) Wrap Up:
Medical Staffing Network Holdings, Inc. operates as a temporary healthcare staffing company in the United States. The company provides staffing services, such as per diem nurses, travel and contract-based nurses, and allied health professionals to approximately 7,000 healthcare facilities, including for-profit and not-for-profit hospitals, teaching hospitals, and regional healthcare providers, such as acute care hospitals, nursing homes, clinics, and surgical and ambulatory care centers. It provides nurses, including registered nurses and licensed practical nurses, across various specialties, such as pediatric, geriatric, intensive care unit, and cardiovascular for assignments with durations ranging from a single shift to a two week assignment. The company?s travel and contract-based staffing business provides nurses and surgical technicians across the country for assignments lasting more than two weeks in duration. As of December 28, 2008, Medical Staffing Network operated 80 per diem branches in 38 states, as well as centralized travel staffing and allied health offices. The company was founded in 1998 and is headquartered in Boca Raton, Florida.Medical Staffing Network Holdings Inc. (MSNW:Pink OTC Markets Inc - Prime QX)
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Market Cap
14.7M
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Total Revenue
378.9M
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EBITDA
19.6M
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DILUTED EPS TTM
-2.87
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P/E
--
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P/S
0.0x
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Return On Asset
4.36
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Return On Equity
-327.50
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| K = Thousands M = Millions B = Billions | ||
MSNW Top Compensated Officers
Executives, Board Directors
Key developments for Medical Staffing Network Holdings Inc. (MSNW)
Medical Staffing Network Holdings Inc. reported earnings results for the third quarter and nine months ended September 27, 2009. The company reported revenue of $78.9 million for the third quarter of 2009, a decrease of 41.9% from the revenue of $135.8 million for the third quarter of 2008. The net loss for the third quarter of 2009 was $15.2 million, or $0.50 per diluted share, as compared with net income of $2.5 million, or $0.08 per diluted share, for the third quarter of 2008. Adjusted net loss was $0.3 million, or $0.01 per diluted share, for the third quarter of 2009 as compared with adjusted net income of $1.5 million, or $0.05 per diluted share, for the third quarter of 2008. The Company's AEBITDA was $5.5 million (7.0% of revenue) for the third quarter of 2009 as compared with $6.9 million (5.1% of revenue) for the third quarter of 2008. Cash flow generated from operations was $1.4 million for the third quarter of 2009 as compared with $6.4 million for the third quarter of 2008. Days sales outstanding as of the end of the third quarter of 2009 was 48 days, down three days from the end of the comparable prior year period. For the nine months ended September 27, 2009, revenues were $265.2 million, a decrease of 37.5% from revenues of $424.1 million for the comparable prior year period. Net loss for the nine months ended September 27, 2009, was $20.0 million, or $0.66 per diluted share, as compared with a net loss of $49.4 million, or $1.63 per diluted share for the comparable prior year period. Adjusted net loss was $2.0 million or $0.07 per diluted share, for the nine months ended September 27, 2009 as compared with adjusted net income of $3.3 million, or $0.11 per diluted share, for the comparable prior year period. The Company's AEBITDA for the nine months ended September 27, 2009 was $14.0 million (5.3% of revenue) as compared with $19.0 million (4.5% of revenue) for the comparable prior year period. Cash flow generated from operations was $13.3 million for the nine months ended September 27, 2009, as compared with $17.9 million for the comparable prior year period.
Medical Staffing Network Holdings Inc., Board Meeting, Sep 03, 2009 Agenda: To approve the Certificate of Designation and authorize its filing.
Medical Staffing Network Holdings Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 28, 2009. The company reported revenue of $87.6 million for the second quarter of 2009, a decrease of 38.7% from the second quarter 2008 revenue of $143.0 million. The net loss for the second quarter of 2009 was $1.1 million, or $0.04 per diluted share, as compared to net loss of $52.7 million, or $1.74 per diluted share, for the second quarter of 2008. Adjusted net loss was $0.4 million, or $0.01 per diluted share, for the second quarter of 2009 as compared with adjusted net income of $1.0 million, or $0.03 per diluted share, for the second quarter of 2008. The company's AEBITDA was $5.1 million for the second quarter of 2009 as compared with $6.0 million for the second quarter of 2008. Cash flow generated from operations was $4.4 million for the second quarter of 2009 as compared with $8.9 million for the second quarter of 2008. For the six months ended June 28, 2009, the company reported that revenues were $186.3 million, a decrease of 35.4% from revenues of $288.3 million for the comparable prior year period. Net loss for the six months ended June 28, 2009, was $4.8 million, or $0.16 per diluted share, as compared with a net loss of $52.0 million, or $1.71 per diluted share. Adjusted net loss was $1.7 million, or $0.06 per diluted share, for the six months ended June 28, 2009, as compared with adjusted net income of $1.8 million, or $0.06 per diluted share, for the comparable prior year period. The company's AEBITDA for the six months ended June 29, 2009 was $8.5 million as compared with $12.1 million for the comparable prior year period. Cash flow generated from operations was $11.9 million for the six months ended June 28, 2009, as compared with $11.5 million for the comparable prior year period. The company announced impairment of goodwill of $243,000 compared to $59,817,000 for the same period last year.
MSNW Competitors
| Company | Last | Change |
| Crdentia Corp | $10.00 USD | 0.00 |
| Cross Country Healthcare Inc | $8.67 USD | +0.07 |
| Medical Connections Holdings Inc | $0.35 USD | 0.00 |
| On Assignment Inc | $6.24 USD | -0.01 |
| TeamStaff Inc | $0.70 USD | +0.04 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | MSNW | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.0x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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MSNW |
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MSNW transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent News About Medical Staffing Network Holdings Inc.
More news for MSNW
MEDICAL STAFFING NETWORK HOLDINGS INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
MEDICAL STAFFING NETWORK HOLDINGS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial St
Show all filings for MEDICAL STAFFING NETWORK HOLDINGS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for MEDICAL STAFFING NETWORK HOLDINGS INC 5-Nov-2009Results of Operations and Financial Condition, Financial St Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All...Click here to read the whole Article (external link)
Medical Staffing Network Holdings Announces Third Quarter 2009 Operating Results
   MEDICAL STAFFING NETWORK HOLDINGS, INC. AND SUBSIDIARIES Reconciliation to AEBITDA (1) and Adjusted Net Income (1) (unaudited; in thousands, except per share data)   Three Months Ended  Nine Months Ended Sept. 27, 2009  Sept. 28, 2008 Sept. 27, 2009  Sept. 28, 2008 Reconciliation to AEBITDA(1): Net income (loss) attributable to MSN $ (15,158 ) $ 2,527 $ (19,986 ) $ (49,423 ) ...Click here to read the whole Article (external link)
MEDICAL STAFFING NETWORK HOLDINGS INC Files SEC form 8-K, Material Modification to Rights of Security Holders, Amendm
Item 3.03 Material Modification to Rights of Security Holders On September 3, 2009, the Board of Directors of Medical Staffing Network Holdings, Inc. (the "Company") declared a dividend distribution of one right (each, a "Right") for each outstanding share of common stock, par value $0.01 per share, of the Company (the "Common Shares"). The dividend is payable on September 17, 2009, to holders of record as of the close of business on such date (the "Record Date"). The following is a summary description of the Rights. This summary is intended to provide a general description only and is subject to the detailed terms and conditions of the Rights Agreement, dated as of September 3, 2009, by and between the Company and American Stock Transfer & Trust Company, LLC, as Rights Agent (the "Rights Agent"), a copy of which is attached hereto as Exhibit 4.1 and is incorporated herein by reference (the "Rights Agreement"). 1. Issuance of Rights Each holder of Common Shares as of the Record Date will receive a dividend of one Right per Common Share. One Right will also be issued together with each Common Share issued by the Company after the Record Date and prior to the Distribution Date (as defined in Section 2 below), and in certain circumstances, after the Distribution Date. New certificates (or, if uncertificated, ownership statements in lieu thereof) for Common Shares issued after the Record Date will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date: • the Rights will not be exercisable; • the Rights will be evidenced by the certificates for Common Shares (or by the ownership statements issued with respect to uncertificated Common Shares) and not by separate rights certificates; and • the Rights will be transferable by, and only in connection with, the transfer of Common Shares. 2. Distribution Date; Beneficial Ownership The Ri...Click here to read the whole Article (external link)
Medical Staffing Network Holdings Adopts Stockholder Rights Plan
BOCA RATON, Fla.--(BUSINESS WIRE)--Medical Staffing Network Holdings, Inc. (OTCQX: MSNW) announced today that its Board of Directors has adopted a stockholder rights plan designed to deter coercive takeover tactics, including the accumulation of shares in the open market or through private transactions and to prevent an acquiror from gaining control of the Company without offering a fair price to all of the Company’s stockholders. The plan, similar to plans adopted by many other companies, was not adopted in response to any current hostile takeover attempt.“The rights plan is designed to ensure that our stockholders realize the long-term value of their investment in the Company and is similar to stockholder rights plans adopted by many members of the S&P 500,†stated Robert J. Adamson, the Company’s chairman and chief executive officer. “The plan will not prevent a takeover attempt, but will encourage anyone seeking to acquire the Company to negotiate the fair value directly with the Board of Directors.â€Under the terms of the rights plan, preferred stock purchase rights will be distributed as a dividend at the rate of one Right for each share of the Company’s common stock held by stockholders of record as of the close of business on September 17, 2009. The plan would be triggered if a person or group acquires beneficial ownership of 15% or more of the Company’s common stock or commences a tender or exchange offer, upon consummation of which such person or group would beneficially own 15% or more of the Company’s common stock.Details of the shareholder rights plan are outlined in a letter that will be mailed to all stockholders of the Co...Click here to read the whole Article (external link)
MEDICAL STAFFING NETWORK HOLDINGS INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statem
Show all filings for MEDICAL STAFFING NETWORK HOLDINGS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for MEDICAL STAFFING NETWORK HOLDINGS INC 12-Aug-2009Change in Directors or Principal Officers, Financial Statem Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). Al...Click here to read the whole Article (external link)
MEDICAL STAFFING NETWORK HOLDINGS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial St
Show all filings for MEDICAL STAFFING NETWORK HOLDINGS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for MEDICAL STAFFING NETWORK HOLDINGS INC 6-Aug-2009Results of Operations and Financial Condition, Financial St Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All ...Click here to read the whole Article (external link)
MEDICAL STAFFING NETWORK HOLDINGS INC Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Introduction The section contains management's discussion and analysis of financial condition and results of operations and is intended to help provide an understanding of our financial condition, changes in financial condition and results of operations. In addition, reference should be made to our audited consolidated financial statements and accompanying notes thereto and related Management's Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the fiscal year ended December 28, 2008 (the Form 10-K). The discussion and analysis is organized as follows: • Overview. This section provides a general description of our business, trends in our industry, as well as significant transactions that have occurred that we believe are important in understanding our financial condition and results of operations. • Recent accounting pronouncements. This section provides an analysis of relevant recent accounting pronouncements issued by the Financial Accounting Standards Board (FASB) and/or other standard-setting bodies, and the effect of those pronouncements. • Results of operations. This section provides an analysis of our results of operations for the three and six months ended June 28, 2009 relative to the three and six months ended June 29, 2008 presented in the accompanying condensed consolidated statements of operations. • Liquidity and capital resources. This section provides an analysis of our cash flows, capital resources, off-balance sheet arrangements and our outstanding debt and commitments as of June 28, 2009. • Critical accounting policies. This section discusses those accounting policies that are both considered important to our financial condition and results of operations, and require significant judgment and estimates on the part of management in their application....Click here to read the whole Article (external link)
MEDICAL STAFFING NETWORK HOLDINGS INC Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for MEDICAL STAFFING NETWORK HOLDINGS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for MEDICAL STAFFING NETWORK HOLDINGS INC 23-Jun-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided ...Click here to read the whole Article (external link)
MEDICAL STAFFING NETWORK HOLDINGS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial St
Show all filings for MEDICAL STAFFING NETWORK HOLDINGS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for MEDICAL STAFFING NETWORK HOLDINGS INC 7-May-2009Results of Operations and Financial Condition, Financial St Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All ...Click here to read the whole Article (external link)