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AMN Healthcare to Acquire MSDR for USD 300m.

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MANews-(C)2009-2023

US-based healthcare-focussed total talent solutions provider AMN Healthcare (NYSE: AMN) has agreed to acquire US-based staffing company MSDR for a purchase price of USD300 m, the company said.

MSDR consists of two healthcare staffing companies that specialize in locum tenens and advanced practices, Medical Search International and DRW Healthcare Staffing.

MSI serves healthcare systems across the United States by placing high-quality healthcare professionals that specialize in psychiatry, anesthesia, radiology, and surgery.

DRW, founded in 2011, specializes in psychiatry, anesthesia, and surgery. Both companies are leaders in the locums industry.

The acquisition positions AMN Healthcare for substantial revenue growth in locum tenens. MSDR revenue was USD 104m in 2022, and year-to-date annualized 2023 revenue is approximately USD 155m.

This transaction is expected to be funded with a combination of cash on hand and borrowings on our revolving credit facility.

With the acquisition of MSDR, AMN Healthcare's portfolio of solutions will expand to provide clients with...

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