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Acquisition Provides Attractive Entry into Online Healthcare Recruiting Services

Jun 11th, 2009 - Dice Holdings, Inc. (NYSE: DHX), a leading provider of specialized career websites for professional communities, today announced it has completed the purchase of substantially all of the assets of AllHealthcareJobs.com, a leading online career site dedicated to matching healthcare professionals with available career opportunities.

“Today, Dice gains a successful career site in healthcare, an important industry sector facing long-term shortages
of experienced professionals in critical areas. We are confident that we can further drive AllHealthcareJobs.com
growth through our expertise in building communities and serving customers,” said Scot Melland, Chairman,
President & CEO of Dice Holdings, Inc. “Through this acquisition, we continue to execute our strategic plan
which includes pursuing growth opportunities in new verticals.”
 
“We are elated and proud to be joining the highly respected Dice team,” noted Phil Morris, co-founder and
President of AllHealthcareJobs.com. “Being a relatively small but growing site, this partnership makes eminent
sense. It allows us to leverage Dice’s know-how and established resources to match even more healthcare
professionals with the best job opportunities.”
 
Launched in late 2006 and known for its unique search engine, AllHealthcareJobs.com allows hiring managers
and recruiters to quickly locate and recruit highly-qualified healthcare professionals in more than 500 available
job specialties across the industry.
 
More than 50 percent of AllHealthcareJobs.com candidates have at least five years experience in the industry and
encompass a wide range of healthcare fields such as nursing, allied health, laboratory, pharmacy and medicine.
 
The purchase price consists of initial consideration of $2.8 million in cash and the issuance of 205,000 shares
(with some restrictions). Additional consideration to a maximum of $1.0 million in cash is payable upon the
achievement of certain operating and financial goals over the next two years.
 
Presentation & Webcast
 
Mr. Melland and Michael Durney, SVP, Finance & CFO will present today at the William Blair 29th Annual
Growth Stock Conference in Chicago, Illinois. The presentation will begin at 10:00 a.m. Central time/11:00 a.m.
Eastern time and will include additional information about the AllHealthcareJobs.com acquisition.
 
The presentation will be webcast live on the investor relations section of the Company's website at
www.diceholdingsinc.com. The webcast features an “Ask a Question” button which will route investor questions
via email to the conference from the webcast audience.

Source: http://www.sec.gov/Archives/edgar/data/1393883/000095014209000771/ex99-1form8k_061109.htm

 

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