TeamStaff, Inc. (TeamStaff) is a provider of temporary and permanent medical and administrative staffing services. The Company provides specialized medical, nursing, logistics and administrative staffing services by supplying allied healthcare and nursing professionals, logistics and administrative personnel through its two staffing subsidiaries, TeamStaff Rx, Inc. (TeamStaff Rx) and TeamStaff Government Solutions, Inc. (TeamStaff GS). TeamStaff Rx is a healthcare staffing firm that operates throughout the United States and specializes in providing travel-allied medical employees and nurses (typically on a 13-week assignment basis), as well as permanent placement services. Allied medical staff includes magnetic resonance imaging (MRI) technicians, mammographers, physical therapists, occupational therapists, dosimetrists, ultrasound staff and physicists. TeamStaff Rx places temporary employees at approximately 225 client facilities. The Company’s TeamStaff GS subsidiary specializes in providing medical, office administration, logistics and technical professionals through Federal Supply Schedule (FSS) contracts with both the United States General Services Administration (GSA) and United States Department of Veterans Affairs (DVA). TeamStaff GS places temporary employees at approximately 40 facilities. Effective January 27, 2008, the Company sold its Nursing Innovations Per Diem business unit located in Memphis, Tennessee to Temps Inc. TeamStaff Rx focuses its allied health staffing services in all national markets, and seeks to place employees on temporary long-term assignments or on a permanent basis. TeamStaff Rx employs allied health professionals, such as radiological technologists, MRI technicians, computed tomography (CT) technicians, diagnostic sonographers, cardiovascular technologists, radiation therapists, dosimetrists and physicists, and places these professionals in hospitals, clinics and therapy centers throughout the United States. TeamStaff Rx also provides travel nursing, temporary-to-permanent nursing and permanent nursing placement services. TeamStaff Rx provides a complement of specialized nurses to fill the needs of its clients. The Company’s operating units fill its clients’ needs by providing qualified personnel on a weekly, monthly, quarterly or longer basis, depending upon a client’s particular staffing objectives. TeamStaff Rx also provides targeted recruiting and placement for clients for permanent employees. In addition, if an employee on temporary assignment is hired by the client on a permanent basis, TeamStaff Rx usually receives a recruitment fee from that client. TeamStaff GS’s primary client has been the United States Government and its various agencies. TeamStaff GS provides contract staffing solutions for government agencies in the categories of medical, professional, office administration, general services support, facility management and logistics support. These services are offered through its FSS contracts with both the GSA and the DVA, as well as through multiple procurement vehicles and schedules. These include the Logistics World schedule and the Professional and Allied Healthcare schedules, as well as the ability to order through the GSA’s e-Buy system. TeamStaff GS also provides technology for online timesheets, reporting, ordering and invoicing, as well as a provision of qualified personnel, which can be based on any term assignment or contract. The Company competes with AMN Healthcare Services, Inc., Cross Country Healthcare, Inc., CHG Healthcare Services, Inc., Medical Staffing Network Holdings, Inc., Nursefinders, Inc. and Maxim Healthcare Services Inc.
$0.7001 (11/16/09)
