MCTH said that it has executed a definitive agreement to purchase a well-respected Midwest-based healthcare staffing firm with a particular expertise in the rapidly-growing field of travel nursing.

This acquisition, according to Nicolosi (President of MCTH), represents 2009 annual revenue in excess of $42MM, generating operating profits in excess of $4.4MM.

MCTH expects to announce more details in the Form 8-K in the next 3 days and a closing date within 60 days.

We believe the 8-K is a major catalyst ahead for MCTH! This big news out of MCTH has yet to be traded upon and we believe we could see MCTH go on a big run this week!

Read the complete news release out of MCTH.

This is huge news out of MCTH!

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