AMN Healthcare reported fourth-quarter earnings of $26.4 million, a nearly 31 percent year-over-year jump that helped the San Diego-based medical staffing company post record revenue and earnings in 2016.
Quarterly revenue came to $488 million, a 21 percent jump over fourth-quarter 2015 totals. The boost was supported by 10 percent organic growth. The bulk of that money came from its nurse and allied solutions segment, which at $308 million was up 17 percent year over year. Its travel nurse division saw a 15 percent revenue increase year over year.
AMN also reported repurchasing 443,353 shares of its common stock during the fourth quarter, at a price average $29.88 per share.
The company’s net income for the full year was $106 million, 29 percent greater than AMN’s 2015 result. Revenue was $1.9 billion in 2016, up 30 percent from the year before.
President and CEO Susan R. Salka called 2016 “another very successful year for AMN Healthcare.”
“In addition to our strong financial performance, we made great strides in advancing our long-term strategy,” she said in a news release dated Feb. 16. “We completed the integrations of B.E. Smith, HealthSource Global and Peak Health Solutions, allowing AMN to become an even more comprehensive, value-added workforce partner to our clients.”
AMN provides staffing assistance to health care facilities, including executive recruitment and vendor management.