Revenues of $22.0 million for the Trailing Twelve Months ended June 30, 2006
Revenues of $22.0 million for the Trailing Twelve Months ended June 30, 2006
A Leading National Provider of Allied ?Travel’ Health Personnel and Permanent Placement
Focus on specialty areas that are critical for hospital—radiological techs, cardiovascular techs, ultrasound techs, radiation therapists, nuclear medicine techs, physicists, MRI techs, etc.
Currently have a database of over 12,000 allied healthcare personnel
Healthcare Personnel Are Typically Placed on 13-week Assignments
Hospitals pay for housing, car and travel
Travelers receive full benefits, e.g., healthcare, 401(k), etc.
Overview of
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Revenues of $12.4 million for the trailing twelve months ended June 30, 2006
Voted a “Top Ten” Nurse Travel Company by Highway Hypodermics in 2004
- -Provides RN’s, LPN’s, Med Surgical, Cardiac Cath, ER and OR Nurses
- -Currently has a database of over 5,000 nurses
- -Nurses are typically placed on 13-week assignments nationally
Additionally Provides Nurse Per Diem--daily & weekly shifts, in Memphis only
Assets Acquired November 2004
Overview of
Nursing Innovations
Nursing Innovations
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Overview of
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Operating Pre-tax Income of $3.2 million for the trailing twelve months ended June 30, 2006
Operating Pre-tax Income of $3.2 million for the trailing twelve months ended June 30, 2006
Healthcare and Clerical Provided to the
Government – VA & GSA (Government
Services Administration)
Government contracts are typically awarded
for 3-5 years, helping to offset the cyclicality
of current healthcare staffing brands
Provides full range of staffing- travel, per diem
– daily & weekly shifts, permanent placement
2004 includes approximately $3.9 million in FEMA contracts as compared to $1.6 million in 2005.
2004 includes approximately $3.9 million in FEMA contracts as compared to $1.6 million in 2005.
41.0
41.2
31.1
23.8
14.7
9.8
21.9
Company Turnaround 2003-2005: $29m Loss in Fiscal ’03 Improved To Consecutive Quarters Operating Breakeven In 2005
Built New & Experienced Leadership Team
Built New & Experienced Leadership Team
General Staffing and Healthcare Staffing Industry Experience
Public Company/Executive Management Experience
Sold PEO to Gevity in November 2003
PEO Was Low Margin, Capital Intensive Business
Provided Capital to Focus on Core Healthcare Staffing Business
Reduced Corporate Overhead Costs
Cut $3.5 million in Annualized Costs in FYE 2004
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Company Acquisitions: Reposition TeamStaff As A Top Dozen Healthcare Staffing Provider To The Commercial & Government Sectors
Successful Equity Raise to Initiate Acquisitions
$4 Million “Pipe” Offering Completed November 2004
Made Two Acquisitions To Improve Company Scale & Market Position to the Healthcare Providers
Bought $14 Million Revenue Travel Nurse Company in November 2004
Bought $41 million Healthcare Provider to the Government
Provide Company with a Broader Product Offering for the Hospitals
Reduce cyclicality by entering Government segments with long term contracts
Sold DSi Payroll Processing Brand for $9 million June 2006
- - Use available cash to pay down debt and make additional acquisitions
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Company Acquisitions: Purchasing RS Staffing in June 2005 Doubled Our Size, Provided Entry Into The Growing Govt. Sector and Access To A $7 Million Credit Line with PNC
TeamStaff
TeamStaff
FY04 TSTF revenue $37m
FY04 TSTF loss from continuing operations $(1.8)m
3/31/05 identified approximately $1.0m additional overhead cuts
RS Staffing
$10m stock purchase:
- -$3.25m cash+$6.75m note/stock/earn out
FY04 RSS revenue $41m
FY04 $0.9 million pre-tax income including $1.2 million of non recurring expenses
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*PNC Line of Credit was extended to $8 million in February ’06.
*Source: Staffing Industry Analysts, Inc. estimates and projections
Industry Overview: TeamStaff Participates in Three Segments of a $10 Billion Industry
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Source: Staffing Industry Analysts, Inc. estimates and projections
U.S. Healthcare Staffing Market
Industry Overview: Past 3 Years have<br/>Been “Stormy,” but Industry started to Rebound in 2nd Half of CY2005
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7.9
10.0
11.1
10.2
9.8
10.0
10.5
11.2
US Population Is Aging
US Population Is Aging
US Population over 65 Is Expected to Increase by over 14% by 2010
Creates Substantial Increase in Demand for Healthcare Services
Projected Need for Nurses is Rising
6 of 10 Fastest Growing Occupations Are in Healthcare
US Born Nurses Sitting for License Exams Down by 19,000 Since 1995
Average Age of Nurse is 41, Up from 36 in 1980
American Hospital Association (“AHA”) Estimates Currently 126,000 Open RN Positions
Industry Overview: Attractive Future Dynamics For HealthCare Professionals
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*Source: Nursingworld.org
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Industry Overview: Legislative Mandates Are Driving Hospital Staffing Demands
Industry Overview: Healthcare Staffing Industry Trends Are Repeating History From the Commercial Staffing Trends of the 1990’s
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Summary Of TeamStaff Opportunities
Long-Term Growth Dynamics of Healthcare
Long-Term Growth Dynamics of Healthcare
Staffing Industry Rebounding fully in 2006
Capability to make additional Acquisitions to Bolster Healthcare Offering & Scale
Large contract potential with Government Staffing
Strong Market Position as Top 20 Provider, As Well as Top Five Government & Travel Allied Provider
Experienced Staffing Industry Leadership Team
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