Medical staffing firm World Health Alternatives, Pittsburgh, announced it signed a letter of intent to acquire substantially all the assets and certain liabilities of an Atlanta-based staffing firm that World Health officials did not identify. They described the company as an industry leader with more than three decades of experience and projected 2004 revenue of about $73 million.
Richard McDonald, president of World Health, said he expects the proposed acquisition to operate as a free-standing subsidiary that eventually would be fully integrated to "capitalize on cross-selling opportunities and create greater efficiencies."
Completion of the deal is subject to several conditions, including due-diligence review. World Health provides medical, professional and administrative staff to other healthcare organizations.