AMN Healthcare Services, Inc. (NYSE: AMN), a Dallas, TX-based provider of healthcare workforce solutions and staffing services, is to acquire Advanced Medical Personnel Services, Inc., a healthcare staffing company, for $200m.
Up to an additional $20m will be paid based on Advanced’s 2019 financial performance. The acquisition, subject to regulatory approvals and customary closing conditions, is expected to close by early June 2019. It is structured to allow AMN to realize tax benefits with an estimated net present value of $8m and is expected to be immediately accretive to AMN’s adjusted earnings per share.
Led by Jennifer Fuicelli, CEO, Advanced is an innovative healthcare staffing company that specializes in placing therapists and nurses in contract positions across multiple settings including hospitals, schools, clinics, skilled nursing facilities, and home health. Recently, the company has launched a platform that serves the needs of children within large school districts through both on-site and telehealth therapists.
Advanced has a current annualized run rate of approximately $140m revenue and adjusted EBITDA of $20m. It is majority owned by Clearview Capital.
Advanced will provide AMN the opportunity to enhance its offerings in some of the fastest growing and most important care settings.
Led by Susan Salka, President and Chief Executive Officer, AMN Healthcare provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. The company provides access to comprehensive network of quality healthcare professionals through its recruitment strategies and breadth of career opportunities. With insights and expertise, AMN allows providers optimize their workforce to reduce complexity, increase efficiency and improve patient outcomes. It delivers managed services programs, healthcare executive search solutions, vendor management systems, recruitment process outsourcing, predictive labor analytics, mid-revenue cycle management, credentialing solutions, and other services.