Medical Staffing Network flips to Q1 loss

As hospitals cut back on temporary nurses, Boca Raton, FL-based Medical Staffing Network flipped to a loss in the first quarter as its revenue fell 32%, compared to the same quarter last year. The company lost $3.7 million on revenue of $98.6 million in the first quarter. In the same period of 2008, it earned $800,000 on revenue of $145.2 million.