On Assignment, Inc. (NASDAQ: ASGN), is a diversified professional staffing firm providing flexible and permanent staffing solutions in specialty skills including Laboratory/Scientific, Healthcare/Nursing/Physicians, Medical Financial, Information Technology and Engineering. The corporate headquarters is located in Calabasas, California. On Assignment, Inc. was founded in 1985 as Lab Support and went public in 1992. The corporate headquarters are in Calabasas, California. The company's branch network encompasses over 80 branch offices across the United States, United Kingdom, Netherlands, Ireland, Belgium, and also provides physicians in Australia and New Zealand.
We currently place approximately 5,000 contract professionals on assignment within approximately 2,400 clients at any one time with short-term and long-term assignments and "contract-to-perm" placements at a variety of clients.
In April 2002, On Assignment acquired Health Personnel Options (HPO), a healthcare staffing company specializing in travel nursing, allied travel professionals and local healthcare staffing.
The Healthcare Segment provides the widest array of services with occupations including physicians, nurses, specialty nurses, surgical techs, imaging techs, medical techs, phlebotomists, coders and billers. Lab Support provides scientists and technicians to biotech, pharmaceutical, food and beverage, chemical and environmental laboratories. In 2003, we expanded into Clinical Research and Engineering.
In January 2007, On Assignment acquired VISTA Staffing Solutions, a leading provider of temporary physician staffing and permanent physician search services and also acquired Oxford Global Resources, a leading provider of high end information technology and engineering staffing services.
With the acquisition of VISTA and Oxford, On Assignment's business mix shifted to 23% Lab Support, 32% Information Technology/Engineering and 45% Healthcare. This shift in business concentration has positioned On Assignment effectively within our key markets of Healthcare, Scientific and Information Technology/Engineering.
In 2006, the Company reported $287.6 million in revenue, which was approximately 21% growth over 2005. Our strategy is to focus on expanding our service offerings and increasing the productivity of our existing branch network.
