AMN Healthcare Services - AMN STOCK NEWS

AMN Healthcare has been recognized by the Women’s Forum of New York for achieving over 50% female representation on its Board of Directors, ranking it among the highest levels of publicly traded companies. This honor was presented during the sixth biennial Breakfast of Corporate Champions event, featuring 243 companies that met a minimum of 35% female board representation. AMN's board holds 63% women, while only 3% of Russell 3000 companies achieved gender parity in Q2 2021. AMN emphasizes its commitment to diversity and gender equity in corporate governance.

AMN Healthcare has donated $1.1 million to various charities in 2021, acknowledging healthcare professionals who worked 1,000 hours or more during the first half of the year amidst the COVID-19 pandemic. Each professional received a $1,000 bonus, with an additional $1,000 donated to a charity of their choice. Beneficiaries included the American Cancer Society and the Alzheimer’s Association. AMN Healthcare's initiative emphasizes the company's commitment to philanthropy and support for healthcare workers and their communities.

AMN Healthcare Services reported Q3 2021 revenue of $878 million, representing a 59% increase year-over-year. The company achieved GAAP EPS of $1.54 and adjusted EPS of $1.73, both significantly higher than the previous year's figures. Net income surged 184% to $74 million, driven by strong demand amid severe healthcare labor shortages. AMN anticipates Q4 revenue to rise 80% year-over-year, with improvements across all business segments fueled by investments in staff and technology.

AMN Healthcare (NYSE:AMN) appoints Jeffrey R. Knudson as Chief Financial Officer, effective November 2, 2021. Knudson, previously at At Home Group, Inc., has extensive experience in healthcare finance, having held senior roles at CVS Health and L Brands. CEO Susan Salka expressed confidence that Knudson's expertise will enhance AMN's growth and financial goals during a critical evolution phase. The company continues to be a leader in talent solutions within the healthcare sector.

AMN Healthcare Services, Inc. (NYSE: AMN) will host a conference call on November 4, 2021, at 5:00 p.m. ET to discuss its third quarter financial results and fourth quarter outlook. The earnings news release is expected to be issued after the market closes at approximately 4:15 p.m. ET on the same day. Interested parties can access the live webcast on AMN's website or join via telephone. A replay will be available post-call until November 18, 2021.

AMN Healthcare's Kerry Sirkka has been recognized as the 2021 Volunteer of the Year by the American Staffing Association (ASA) for her outstanding contributions. With nearly two decades at AMN, Sirkka serves as Senior VP and GM of Local and International Solutions. The award highlights her efforts within the ASA, where she chairs the Women in Leadership Council. AMN Healthcare leads in total talent solutions for healthcare, optimizing workforce efficiency and improving patient outcomes through innovative recruitment strategies.

The United States Court of Appeals for the Ninth Circuit has ruled in favor of AMN Healthcare (NYSE: AMN) in its ongoing legal battle against Aya Healthcare, affirming that Aya failed to establish any anticompetitive behavior under federal antitrust laws. This ruling follows a similar decision made in June by a U.S. District judge, validating AMN's provision that prohibits contractors from soliciting its employees as a reasonable legal restraint. AMN expresses confidence in its business practices and commitment to healthcare delivery during challenging times.

The 2021 Review of Physician and Advanced Practitioner Recruiting Incentives by Merritt Hawkins reveals a shift in healthcare recruitment trends, with nurse practitioners (NPs) now the most sought-after providers, surpassing physicians for the first time in 27 years. The report notes a 25% decline in overall physician search engagements due to COVID-19, while NP searches increased, reflecting strong demand. Average starting salaries for NPs rose to $140,000, a 12% increase. As the population ages, the demand for specialist physicians is projected to rise, contributing to a potential shortage.

AMN Healthcare Services, Inc. reported strong second quarter 2021 results with revenue of $857.4 million, up 41% year-over-year, and net income of $66.8 million, a 199% increase compared to Q2 2020. The company's adjusted diluted EPS reached $1.64, a 98% increase from last year. Operating cash flow grew by 64% to $211 million. For Q3 2021, AMN projects revenue of $770 - $790 million, indicating a 40-43% year-over-year increase. The company maintains a healthy leverage ratio of 1.7 to 1.