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Care Facilities Solutions Provider AMN Healthcare Looks To Acquire Advanced Medical Personnel Services, Inc

Healthcare News

Care_Facilities-Solutions-Provider-AMN-Healthcare-Looks-To-Acquire-Advanced-Medical-Personnel-Services-Inc Care Facilities Solutions Provider AMN Healthcare Looks To Acquire Advanced Medical Personnel Services, IncAMN Healthcare Services, Inc. (AMN), a San Diego, CA-based a provider of healthcare workforce solutions and staffing services to healthcare facilities, has agreed to acquire Advanced Medical Personnel Services, Inc. (Advanced) for USD200 million. The acquisition is aimed at enabling AMN to comprehend tax benefits with an estimated net present value of USD8 million and is anticipated to be instantly accretive to AMN’s adjusted earnings per share. As per the announcement, the capital of the acquisition is USD200 million, with up to an additional USD20 million to be paid based on Advanced’s 2019 financial performance.

Advanced is an innovative healthcare staffing platform, specializes in placing therapists and nurses in contract positions across multiple settings including schools, healthcare centers, clinics, skilled nursing facilities, and home health. The company works with Occupational Therapists, Physical Therapists, Nurses, and Speech Language Pathologists. The entrepreneurial team at Advanced recently introduced a platform designed to help children with large school districts through both on-site and telehealth therapists. Ahead of this acquisition, AMN Healthcare President and CEO Susan Salka said that we are thrilled that the innovative team at Advanced will soon be part of the AMN family.  Advanced will provide AMN the opportunity to enhance our offerings in some of the fastest growing and most important care settings.  In addition to the attractive nature of their growing footprint in schools, we are excited about the potential of the recently launched telehealth platform for delivery of speech therapy to children across the country.

Furthermore, Salka added that this acquisition also expands our talent network of healthcare professionals and increases our placement capabilities where we have the most significant imbalances of talent supply and demand. Currently, Advanced has an annualized run rate of nearly USD140 million in revenue with adjusted Earnings before interest, tax, depreciation, and amortization (EBITDA) of USD20 million.