Medical Staffing Network Holdings, Boca Raton, Fla., acquired InteliStaf Holdings, Oakbrook Terrace, Ill., for $92 million in cash.
Publicly traded Medical Staffings acquisition of privately held InteliStaf will expand its per diem healthcare markets to 130 across the U.S. from more than 100 as of Dec. 31, 2006, said Jeff Yesner, the companys vice president for finance.
The debt-financed acquisitions anticipated annualized revenue of more than $550 million makes it the third-largest publicly traded health staffing firm, Yesner said. InteliStaf, a travel, per diem and vendor management healthcare staffing company, acquired a staffing division of Gentiva Health Services, Melvile, N.Y., in 2000 and StarMed Staffing from RehabCare Group, St. Louis, in 2004. -- by Melanie Evans