Medical Staffing Network Holdings, Inc. (OTC:MSNW) has released the financial results 2009’s fourth quarter and full year. The company reported a revenue decline of 33.5% from the $113.7 million in revenue earned from the year ago period. Net loss for the 2009 fourth quarter was $31.2 million, or $1.02 per diluted share. 2008’s fourth quarter reported a net loss of $67.5 million, or $2.23 per diluted share.
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Revenues for the year ended December 27, 2009 were reported to have reached $340.9 million, 36.6% less than the previous year which earned $537.8 million. The year’s net loss was $51.2 million, or $1.68 per diluted share. 2008 had a net loss of $116.9 million, or $3.86 per diluted share. Read the full financial results online at http://www.msnhealth.com/.
Medical Staffing Network Holdings, Inc. is a diversified temporary healthcare staffing company and a provider of per diem staffing services (staffing assignments of less than two weeks in duration) in the United States as measured by revenues. The Company’s per diem staffing assignments places its professionals, predominately nurses, at hospitals and other healthcare facilities in response to its clients’ temporary staffing needs. Its travel and contract-based staffing assignments place its professionals at hospitals and other healthcare facilities worldwide for assignments typically lasting more than two weeks. The shorter length assignments are staffed by its per diem branches while the longer assignments are staffed by both the centralized travel offices and per diem branches. During the year ended December 28, 2008, 68% of its revenues from its per diem nurse staffing assignments, 18% from its travel nurse staffing assignments and 14% from its allied health staffing assignments.
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