Contact Information: Contact: David Gutierrez Dresner Corporate Services 312.780.7240 dgutierrez@dresnerco.com Timothy Coleman Dresner Partners 312-780-7219 tcoleman@dresnerco.com
Dresner Advises AMR ProNurse in Sale to Medical Staffing Network Holdings
| Source: Dresner Partners
CHICAGO, IL--(Marketwire - October 9, 2007) - Dresner Partners, a leading NASD middle-market
investment bank, announced today that it served as the exclusive financial
advisor to AMR ProNurse in its sale to Medical Staffing Network Holdings,
Inc. (NYSE : MRN ). AMR ProNurse management will remain in place as part of
the acquisition.
Headquartered in Chicago, AMR ProNurse is the dominant provider of Vendor
Management Services (VMS) to the Chicago health care staffing market.
Through its proprietary OneSourceVMS program, AMR ProNurse manages every
facet of staffing including order processing, reporting, invoicing, quality
initiatives, and payment processes. AMR ProNurse currently has exclusive
OneSource relationships with 10 major Chicago-area acute care facilities
and one not-for-profit foundation, collectively representing more than
4,600 licensed beds.
Medical Staffing Network (MSN) is the third largest health care staffing
company in the United States. MSN has been a national leader in
supplemental health care staffing since 1998.
"OneSource has been well received in the Chicago market, but we needed a
national network to expand our market presence, and Dresner Partners found
us the perfect match with Medical Staffing Network," said Mark Gallagher,
chief executive officer of AMR ProNurse. "We had very specific
requirements in mind when looking for a strategic financial advisor.
Dresner Partners fulfilled all of these requirements and really took the
time to learn the value proposition we offer clients. We couldn't be more
pleased with the end result."
According to Timothy C. Coleman, senior managing director for Dresner
Partners who advised AMR ProNurse, "OneSource represents a significant
growth opportunity. Now, as part of Medical Staffing Network, we
anticipate that OneSource will rapidly penetrate markets across the
country."
"We are extremely pleased with the outcome of this transaction as it
exemplifies the capabilities of our rapidly growing health care practice,"
said Steven M. Dresner, president of Dresner Partners. "I would like to
thank Tim Coleman for his leadership on this transaction, along with the
support of Ejaz Elahi and Chad Frederickson."
About Dresner Partners
Dresner Partners is a NASD-registered, middle-market investment bank based
in Chicago, Illinois. Founded in 1991, Dresner Partners provides financial
advisory services to business owners and managers throughout the United
States, including institutional private placements of debt and equity,
merger & acquisition advisory, and valuation and strategic consulting. Its
affiliate company, Dresner Corporate Services, is a strategic
communications firm specializing in investor and public relations. More
information is available via the Internet at www.dresnerpartners.com.
About Medical Staffing Network Holdings, Inc.
Medical Staffing Network Holdings, Inc. is the largest provider of per diem
nurse staffing services in the United States as measured by revenues. The
Company also is a leading provider of travel nurse staffing services and of
allied health professionals, such as radiology and diagnostic imaging
specialists, clinical laboratory specialists, rehabilitation specialists,
pharmacists and respiratory therapists and other similar health care
vocations.