Futuris Co. (OTCMKTS: FTRS) completed its acquisition of the specialized healthcare staffing business of Recruiter.com. The transaction closed Oct. 1, after the receipt of client approvals, according to the company.
“This Recruiter.com acquisition will bring additional revenues to our healthcare staffing business, and with our previous acquisitions of Insigma and HealthHR, it further cements our status as a leader in the healthcare staffing industry,” Futuris CFO Robert Day said in a press statement.
Terms of the Recruiter.com deal, which was first announced in September, call for New York-based Recruiter.com to transfer specific client contracts to Futuris, and the transaction price includes Futuris stock valued at $500,000 and a share of the ongoing gross profit, with a maximum of $2 million.
Futuris is based in Rockville, Maryland, and focuses on executive search, staffing, consulting and tech services.