DALLAS, Nov. 15 Crdentia Corp.(OTC Bulletin Board: CRDT), a leading healthcare staffing company, announcedtoday that it has successfully completed the acquisition of Medical PeopleHealthcare Services (MPHS), Inc., a leading provider of temporary nursing andallied health staff to nursing homes, hospitals and other healthcarefacilities in the Alabama market. Approximately 65% of MPHS's revenues arefrom healthcare staffing in the nursing home segment, with the remainingrevenues from services to local hospitals and other healthcare facilities.Terms of the acquisition have been previously disclosed. The acquisition isexpected to be immediately accretive to Crdentia.
John Kaiser, CEO of Crdentia said, "I am very pleased that we havecompleted the acquisition of the assets of Medical People Healthcare Services,Inc. and I look forward to working with the entire staff of MPHS and tocontinue to see consistent growth for our combined Company as we layer inservices in all segments of the healthcare staffing market. Integration ofthe acquisition has now begun in earnest."
Mr. Kaiser continued, "Alabama is a key market in solidifying our growingpresence in the Sun Belt markets, and the completion of the acquisition ofMPHS, along with the recent addition of eight other offices in Georgia, NorthCarolina and throughout Florida, firmly entrenches Crdentia in this importantmarket. Furthermore, this expansion allows Crdentia to continue to leverageits corporate infrastructure leading to more profitable overall operations."
About Crdentia Corp.
Crdentia Corp., one of the nation's leading providers of healthcarestaffing solutions, is focused on recruiting talented national andinternational healthcare professionals to meet the ever-increasing employmentneeds of over 1,500 clients. Crdentia is one of the few companies that canprovide quality temporary staff for all healthcare industry positionsincluding local nurses, travel nurses, allied health and locum tenensprofessionals. For more information, visit http://www.crdentia.com.
Forward Looking Statements
Statements contained in this release that are not historical facts areforward-looking statements that involve risks and uncertainties. Among theimportant factors which could cause actual results to differ materially fromthose in the forward-looking statements include, but are not limited to, thosediscussed in "Risk Factors" in the Company's Forms 10-K, Forms 10-Q, and otherfilings with the Securities and Exchange Commission. Such risk factorsinclude, but are not limited to, a limited operating history with no earnings;reliance on the Company's management team, members of which have otherbusiness interests; the ability to successfully implement the Company'sbusiness plan; the ability to continue as a going concern; the ability to fundthe Company's business and acquisition strategy; the growth of the temporaryhealthcare professional staffing business; difficulty in managing operationsof acquired businesses; uncertainty in government regulation of the healthcareindustry; and the limited public market for the Company's common stock. Theactual results that the Company achieves may differ materially from anyforward-looking statements due to such risks and uncertainties. We undertakeno obligation to revise or update publicly any forward-looking statements forany reason.Contact Crdentia Corp. John Kaiser, CEO Phone: 972.850.0780 Fax: 972.392.2722 firstname.lastname@example.org Jim TerBeest, CFO Phone: 972.850.0780 Fax: 972.392.2722 email@example.com
SOURCE Crdentia Corp.