AMN Healthcare Services, Inc. completed the acquisition of Connetics USA for $91.7 million.
May 15, 2022
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AMN Healthcare Services, Inc. (NYSE:AMN) acquired Connetics USA for $83.3 million on May 13, 2022. The transaction value included a contingent earn-out payment of up to $12.5 million with an estimated fair value of $8 million as of the acquisition date. With the addition of Connetics USA to AMN's diverse portfolio of solutions, AMN expands its International Staffing business and adds substantially more qualified professionals to its international pipeline of nurses and allied professionals. The acquisition also allows AMN Healthcare and our clients to benefit from the expertise and knowledge of the Connetics USA team in recruitment, placement, and operations. Intrepid Investment Bankers LLC served as exclusive financial advisor to Connetics USA. ADAM ABRAMOWITZ and Joseph Wisniewski of Intrepid Investment Bankers LLC acted as financial advisor to Connetics Communications, LLC.
AMN Healthcare Services, Inc. (NYSE:AMN) completed the acquisition of Connetics USA for $91.7 million on May 13, 2022. AMN Healthcare paid $70.764 million cash consideration, acquired $0.963 million of cash and assumed $8.431 of liabilities.
AMN Healthcare Services, Inc. is a provider of total talent solutions for healthcare organizations across the United States. The Company provides access to a comprehensive network of quality healthcare professionals through its recruitment strategies and breadth of career opportunities. The Companyâs nurse and allied solutions segment include the Companyâs travel nurse staffing (including international nurse staffing and rapid response nurse staffing), labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing (including revenue cycle solutions) businesses. The physician and leadership solutions segment includes the Companyâs locum tenens staffing, healthcare interim leadership staffing, executive search, and physician permanent placement businesses. The technology and workforce solutions segment includes the Companyâs language services, vendor management systems (VMS), workforce optimization, and outsourced solutions businesses.