AMN Healthcare Services Inc. announced that it will acquire global health care staffing firm Lenexa, Kan.-based B.E. Smith for $160 million in cash.
B.E. Smith is known for providing leadership candidates for the health care sector. The acquisition will expand AMH Healthcare's penetration across acute care hospitals, academic medical and children's hospitals, physician practices, and post-acute care providers. The purchase will add approximately $100 million in annual revenues to AMN Healthcare's top line, the company reported.
The acquisition will likely help AMN Healthcare address the growing client demand for health care professionals. In fact, the company's last couple of acquisitions were focused on expanding its recruitment capacity and, in turn, its candidate supply.
In early 2015, AMN Healthcare acquired nurse and allied healthcare staffing firm Onward Healthcare, national locum tenens provider Locum Leaders and Medefis, an SaaS-based vendor management system for healthcare facilities provider.
This September, AMN Healthcare acquired Irvine-based The First String Healthcare ― a leading provider of nursing staff. The acquisition strengthened AMN Healthcare's temporary and permanent nursing manpower. It also expanded the company's footprint by adding more than 250 of the nation's top hospitals from The First String Healthcare's client base.
These acquisitions have driven considerable growth. In the first nine months of 2015, revenues surged 40.2 percent year-over-year to $1.06 billion.
The B.E. Smith transaction is expected to be complete in early January 2016.