As an investor, one of the first topics one might explore about a new idea is the growth rate. This is vitally important since a company or business segment with slow or no growth prospects is often a poor choice for investment dollars. This is why the healthcare industry is so very attractive to such a wide audience of investors. The growth rates are indeed spectacular.
The Baby boom generation that swept America through its greatest changes is now aging. Tens of millions of aging “boomers” are now seeking out new and innovative ways to not only live healthier, but live better. While this can be as basic as eating more fruits and vegetables, instead of the fast food they might have indulged on earlier, larger changes in the demographic is quite evident. This includes more frequent and more advanced medical treatments, self improvement treatment though the use of cosmetic surgery, plastic surgery, body contouring, etc. and an overall approach to a lifestyle designed to enhance their quality of life and even the duration of their overall lifespan.
As modern medicine has been able to wipe out diseases that took so many lives long before their golden years, another area of growth has presented itself in the manner of assisted living. As medicine has extended the life span of so many people, the demand for nursing homes and assisted living arrangements of all types, has exploded. As one can easily surmise, between the Boomers desire to hold onto good health for as long as possible, and the physical extension of lifespan through better medicine, Healthcare as a generic term for the industry is also “booming”.
With so much growth in the industry, it’s not surprising to see good solid growth in the companies that service the Healthcare industry. From the manufacturers of robotic surgery machines, to an increase in the number of alcohol swabs, Healthcare in all segments of its vast diversity is experiencing a growth surge. With all that growth, it’s paramount that all the facets of the industry are staffed with highly qualified employees, ready and able to take the challenge. This is where Crdentia comes in.
Crdentia is one of the largest and fastest growing healthcare staffing solutions providers in the nation. Operating out of 21 strategic locations across the Southern US, they are at the forefront of the healthcare staffing industry By focusing on the recruiting of the most talented national and international healthcare professionals, they seek to fulfill the ever-increasing employment needs of their clients.
Crdentia is one of the few companies that can deliver per diem, short and long-term contract, travel and even direct placement of talent for all healthcare industry positions; in addition to a full array of managed staffing services. With their improved recruiting model, Crdentia has become one of the premier healthcare staffing companies in the country with one of the highest rates of employee retention in the industry.
With over 130 office staff, and over 2600 field staff, Crdentia is servicing over 2300 hospital, government, clinic, nursing home and home care clients. Yet this is expected to grow even faster, the March 2007 report from the Staffing Industry Analysis group, shows healthcare staffing to be growing at 7 to 14% per year, and becoming an $18.00 billion dollar industry by just 2012. Crdentia has plans to be a large part of that growth. Having already completed two acquisitions, one of MPHS and another of ATS Health Services, Crdentia is positioning itself as a dominant force in an industry largely made up of much smaller companies.
Not only has the two acquisitions increased the company’s revenues by an astounding 45%+, It’s broadened its footprint to encompass a wider swath of the American Southeast, placing itself perfectly in one of the fastest growing areas of the Country. With an experienced management staff bringing the know how to operate the business, and a redesigned online campaign for bringing in recruits, Crdentia has seen applications soar by an astounding 360% since 2006.
The nation faces a shortage of highly trained healthcare professionals, as reported by the American Medical Association. Crdentia intends to remedy that situation, and with growth numbers such as this, it’s apparent that they are well on their way. As the Boomers age, Crdentia sits well positioned to help ease them into those golden years. Whether it’s short term Hospital nursing, or traveling nursing, home health aids, locum tenens, or extended care, Crdentia can offer up the right employee to fill that need. With growth like that, investors should take notice of these trends, and especially Crdentia.
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