Staffing firm Cross Country Healthcare, Boca Raton, Fla., agreed to acquire Medical Doctor Associates, Norcross, Ga., for $112.3 million in cash. The deal, which is expected to close by the end of September, includes additional cash payments that hinge on 2008 and 2009 performance.
Medical Doctor Associates, an employee-owned allied health and multispecialty physician staffing company, reported 2007 revenue of $158 million in 2007, according to Cross Country. Cross Country is a publicly traded company, which had $24.6 million in net income on revenue of $718.2 million in 2007. -- by Melanie Evans