Profile: On Assignment Inc (ASGN.N)
6 Dec 2013
On Assignment, Inc., incorporated on December 30, 1985, is a global provider of skilled, professionals in the life sciences, healthcare and technology sectors. It operates in four segments: Life Sciences, which provides contract, contract-to-permanent and direct placement services of laboratory and scientific professionals to the biotechnology, pharmaceutical, food and beverage, medical device, personal care, chemical and environmental industries; Healthcare, which includes the combined results of the Nurse Travel and Allied Healthcare lines of business; Physician, which provides contract and direct placement physicians to healthcare organizations, and IT and Engineering, which provides high-end contract and direct placement services of IT and engineering professionals with expertise in specialized IT. On February 28, 2011, it acquired Valesta. On July 31, 2011, it acquired HealthCare Partners (HCP). Effective December 2, 2013, On Assignment Inc acquired Whitaker Medical LLC. In December 2013, the Company announced that it has completed the acquisition of CyberCoders Holdings, Inc, a technology-enabled national permanent placement recruiting firm.
The Company’s Life Sciences segment includes its domestic and international life science staffing businesses, which operates in the United States, United Kingdom, Netherlands, Belgium, Canada, Spain and China. As of December 31, 2011, it had 45 Life Sciences segment branch offices, of which 13 share office space with its Healthcare segment. It has developed a tailored approach to the assignment-making process that utilizes staffing consultants. Its Life Sciences segment’s professionals include chemists, clinical research associates, clinical lab assistants, engineers, biologists, biochemists, microbiologists, molecular biologists, biostatisticians, drug safety specialists, SAS programmers, medical writers, food scientists, regulatory affairs specialists, lab assistants and other skilled scientific professionals. Assignments in its Life Sciences segment vary from 3 to 12 months.
The Company competes with Manpower, Inc., Kelly Services, Inc., Adecco SA, Yoh Company and the Allegis Group.
The Company’s Nurse Travel business operates from its locations in Cincinnati, Ohio, Tupelo, Mississippi and San Diego, California. Allied Healthcare operates from various locations in the United States. As of December 31, 2011, it had 24 Allied Healthcare branch offices in the United States, of which 13 share office space with the Life Sciences segment. Its Healthcare segment provides locally based and traveling contract professionals to healthcare clients, including hospitals, integrated delivery systems, imaging centers, clinics, physician offices, reference laboratories, universities, managed care organizations, rehabilitation facilities, long-term care facilities and third-party administrators. Its Healthcare segment’s contract professionals include nurses, specialty nurses, health information management professionals, dialysis technicians, surgical technicians, imaging technicians, x-ray technicians, medical technologists, medical assistants, pharmacists, pharmacy technicians, respiratory therapists, phlebotomists, coders, billers, claims processors and collections staff, and dental professionals, including dental assistants, hygienists and dentists and rehabilitation therapists. Assignments in its Healthcare segment typically have a term of 2 to 13 weeks.
The Company competes with AMN Healthcare Services, Inc., Cross Country, Inc., Kforce Inc. and the Allegis Group.
The Company’s Physician segment consists of VISTA Staffing Solutions, Inc. (VISTA) and HCP, which are providers of physician staffing, known as locum tenens coverage, and permanent physician search services. It’s Physician staffing business places physicians in a range of specialties throughout the United States, as well as Australia and New Zealand, under the brand VISTA, placing them in hospitals, community based practices and federal, state and local facilities. It provides short and long-term locum tenens services and full-service physician search and consulting services. Its Physician segment operates out of two primary recruitment centers with several branch offices. The physicians in its Physician segment come from 33 different specialties, including emergency medicine, psychiatry, anesthesiology, radiology, family practice, surgical specialties, internal medicine, pediatrics, obstetrics and gynecology. Clients in its Physician segment include hospitals, doctors’ practice groups, large healthcare systems and government agencies.
The Company competes with CHG Healthcare Services, TeamHealth, Inc., Cross Country, Inc. and AMN Healthcare Services, Inc.
IT and Engineering
The Company’s IT and Engineering segment consists of Oxford Global Resources, Inc. (Oxford). Oxford delivers consultants with capabilities in specialized IT, hardware and software engineering and mechanical, electrical, validation and telecommunications engineering fields. The Company’s IT specialties include enterprise resource planning, business intelligence, customer relationship management, supply chain management, database administration, and healthcare applications. Its engineering specialties include hardware, software, mechanical, electrical, validation, network, and telecommunications.
The Company competes with Accenture, Inc., International Business Machines Corporation (IBM), Aerotek and Robert Half International, Inc.
On Assignment Inc
26745 Malibu Hills Road
CALABASAS CA 91301