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CoreMedical Group Reports Strong Second-Quarter Results

CoreMedical Group Reports Strong Second-Quarter Results

Robust demand for healthcare & IT professionals drive year over year quarterly revenue growth.

CoreMedical Group, a national provider of healthcare and information technology staffing services, today announced a second-quarter revenue increase of 16.4% for quarter ended June 30, 2012 over the same period in 2011. Growth for the first half of 2012 was up 17.8% across all service lines.

“Increased demand for nurses - both contract & permanent - has been a big factor, although demand is strong across all lines of business" said Armand L. Circharo Jr, CEO. “Although demand has been steadily picking up since mid-2009, it is approaching pre-recession levels. Of course our ability to deliver on our orders and provide top talent in the marketplace has been a critical component of our success. I am very pleased with the second quarter results.”

Gross margins have remained steady at 29.7% vs 30.0% last year, primarily from service mix.

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