AMN Healthcare Services Inc, a provider of workforce solutions and staffing services headquartered in San Diego, announces a definitive agreement to acquire Advanced Medical Personnel Services Inc (Advanced), a Port Orange, Fla-based provider of travel therapy and travel PT, OT, and nursing positions.
The purchase price is $200 million, with up to an additional $20 million to be paid based on Advanced’s 2019 financial performance.
Advanced specializes in placing therapists and nurses in contract positions across multiple settings including hospitals, schools, clinics, skilled nursing facilities, and home health. It recently launched a platform that serves the needs of children within large school districts through both on-site and telehealth therapists, according to a media release from AMN Healthcare Services Inc.
“We are thrilled that the innovative team at Advanced will soon be part of the AMN family. In addition to the attractive nature of their growing footprint in schools, we are also excited about the potential of the recently launched telehealth platform for delivery of speech therapy to children across the country,” says Susan Salka, president and chief executive officer of AMN Healthcare.
“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,” she adds, in the release.
Jennifer Fuicelli, CEO of Advanced, states, “We are pleased that AMN will further accelerate the unique position Advanced has developed in healthcare staffing, particularly in school services and technology to deliver therapy remotely. Under AMN’s leadership, Advanced will continue to flourish in providing innovative solutions in the constantly evolving healthcare landscape.”
The acquisition, subject to regulatory approvals and customary closing conditions, is expected to close by early June 2019, per the release.
[Source(s): AMN Healthcare Services Inc, PR Newswire]