Mastech completes $1.2M sale of health care unit

Mastech completes sale of health care unit for $1.2M, will now focus on IT staffing

Associated Press

PITTSBURGH (AP) -- Staffing company Mastech Holdings Inc. said Tuesday that it closed on the $1.2 million sale of its health care unit to Accountable Healthcare Staffing Inc.

The Pittsburgh company, which previously provided both information technology and health care staffing services, said the move will allow it to completely focus on the IT side of its business.

Mastech said it expects to generate about $2.5 million of free cash from the sale and the monetization of assets retained by the company. The proceeds will be used to reduce debt and fund future spending.

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