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Stock Market & Financial Investment News

News Breaks
February 21, 2013
16:34 EDTAHSAMN Healthcare sees Q1 revenue $246M-$250M, consensus $240.85M
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December 18, 2014
08:49 EDTAHSAMN Healthcare to hold a conference call
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08:19 EDTAHSAMN Healthcare acquisition positive, says SunTrust
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December 17, 2014
16:07 EDTAHSAMN Healthcare to acquire Onward Healthcare, Locum Leaders, Medefis
AMN Healthcare Services announced a definitive agreement to acquire Onward Healthcare, Locum Leaders and Medefis from OGH, LLC for a total purchase price of $82.5M. The acquisition is expected to be accretive to AMN's earnings in 2015, and will be funded out of cash on hand and borrowings under the Company's existing revolving credit facility. OGH, LLC is a healthcare and technology workforce solutions holding company, and includes Onward Healthcare, a national nurse and allied healthcare staffing firm; Locum Leaders, a national locum tenens provider; and Medefis, a provider of a SaaS-based vendor management system for healthcare facilities. The 2014 projected consolidated revenue for the three companies is $112M, with anticipated EBITDA of approximately $10M. The acquisition, subject to regulatory approvals and customary closing conditions, is expected to close by mid-January 2015.

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