The healthcare staffing company saw its third quarter revenue rise to $7.3 million and a larger Margin in the third quarter up to 21.4%. This is coming after a usually weak quarter for healthcare staffing companies, which shows Crdentia’s strong pricing and cost controls within its industry.
With Crdentia’s acquisition of MPHS, a leading Healthcare Staffing company in Birmingham and ATS Health services, they are fast becoming the nation’s number one Healthcare staffing company. Also by acquiring MPHS and ATS, Crdentia has spread its fixed costs over larger operations. This is leading to strong Organic growth and increasing the bottom line. Recently Crdentia has secured Equity financing, setting them up for further expansion and organic growth within their industry.
This is good news for Crdentia as the Q3 results further solidify their strategic intent to capture further market share within the Sun Belt with more acquisitions. Crdentia CEO, John Kaiser, feels they need to look internally as well as externally for continued growth within the Sun Belt Market and continued progress towards the goal of making Crdentia profitable. Mr. Kaiser is quoted saying, “The Company’s strategic plan is working well. I am delighted that the Company and our management team reinitiated organic revenue growth early in my tenure.” He also said that he was happy with the Q3 results and is positive about Crdentia’s outlook.
Crdentia Corp is a Major Healthcare staffing company dedicated to recruiting talented national and international healthcare professionals to fulfill the needs of their 2,300 clients. They provide temporary staff for all positions within the healthcare industry including: local nurses, travel nurses, allied health and locum tenens professionals. A full array of Managed staffing service is also offered. Crdentia is known for having the highest employee retention rate within its industry, and is one of the Largest and Fastest growing Healthcare service providers.
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