Smart-Tek Solutions Inc., a Newport Beach professional employee organization for small businesses
Smart-Tek Solutions Inc., a Newport Beach professional employee organization for small businesses, has agreed to buy Solvis Medical Group from American Marine LLC in Montana.
Solvis has three distinct businesses: Solvis Medical Staffing, Solvis Medical and Solvis Physical Therapy Inc. The last one is inactive, the company said. The other two provide workers to hospitals, nursing homes and other medical facilities.
Although terms of the deal were not disclosed, Smart-Tek said Solis earned $600,000 on revenues of $4 million, a 15% increase from 2009, in the year ended Dec. 31.
Smart-Tek used to install security systems at construction sites, a business that it discontinued in 2010. Smart-Tek Automated Services, Inc. has been the PEO and in the future will use the DBA Smart-Tek Solutions, the company said.