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To: Victor Lazlo who wrote (141678)	4/18/2002 11:39:12 AM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Medical Staffing Network Holdings Inc.'s (MRN.N) initial public offering rose 20 percent in its Thursday debut as investors bet the country's largest provider of temporary nurses can continue its fast-paced growth. Shares in the Boca Raton, Florida-based company gained $3.75 to $22.75 on the New York Stock Exchange. The company raised $148.2 million in its IPO that sold shares for $19 a piece, about 12 percent above the top of the expected price range. The sale followed IPOs by two competitors, AMN Healthcare Services Inc. (AHS.N), which went public last November, and Cross Country Inc. (CCRN.O), which debuted in October. Shares of both have nearly doubled since going public, bucking a trend of lukewarm investor appetite for health care stocks. Medical Staffing registered a loss of $1.3 million last year after two years of profits. Revenues, however, jumped 46 percent to $338.4 million last year from 2000. It recorded revenues of $33.1 million in 1998, its first full year of operation. Proceeds from the IPO will be used to repay debts. The sale was managed by Lehman Brothers and Deutsche Bank.