AMN Healthcare Acquires MSDR For $300M, Expanding Locum Tenens Potential And Bolstering Talent Pool
Portfolio Pulse from Akanksha Bakshi
AMN Healthcare Services Inc has agreed to acquire MSDR, a combination of two healthcare staffing companies, for $300 million. The acquisition is expected to significantly enhance AMN's potential locum tenens revenue and expand its candidate pool for high-demand services. The deal is funded through a combination of available cash and borrowings from the revolving credit facility, with the anticipated closing in the fourth quarter of 2023.
October 23, 2023 | 3:04 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
AMN Healthcare's acquisition of MSDR for $300 million is expected to enhance its locum tenens revenue and expand its candidate pool. The deal is set to close in Q4 2023.
The acquisition of MSDR, which reported $104 million in revenue for 2022, is expected to significantly enhance AMN's potential locum tenens revenue. This, along with the expansion of AMN's candidate pool for high-demand services, is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100