Medacs income under pressure

Impellam Group, the global staffing solutions firm, expects unadjusted earnings per share to be broadly flat in the first half of the year compared to the prior year. At its recent annual general meeting the parent of Medacs Healthcare, the specialist recruitment agency, said: The Medacs Healthcare business is seeing challenging market conditions with volumes and net fee income under pressure. We are also seeing increased costs associated with both enhanced compliance requirements and in the sourcing of the required medical professionals for the demand available. We therefore expect to see both net fee income and EBITDA compression in the first half.’