AMN Healthcare Services - AMN STOCK NEWS

AMN Healthcare Services, Inc. has announced the pricing of a private offering of $350 million senior unsecured notes due 2029, up from an earlier estimate of $325 million. These notes will have a 4% interest rate and will be used to redeem existing 2024 notes totaling $325 million, cover offering expenses, and repay part of its Revolving Facility borrowings. The offering is expected to close on October 20, 2020. The notes will only be available to qualified institutional buyers and non-U.S. persons, and will not be registered under the Securities Act.

AMN Healthcare Services, Inc. (NYSE: AMN) announced a private offering of $325 million in senior unsecured notes due 2029. The offering aims to redeem all of its $325 million 5.125% senior unsecured notes due 2024 and cover related fees and expenses. The 2029 Notes will be available only to qualified institutional buyers and are not registered under the Securities Act.

This strategic move is intended to enhance the company's capital structure and financial flexibility.

AMN Healthcare has appointed Rear Admiral Sylvia Trent-Adams, PhD, RN, FAAN, to its Board of Directors. Trent-Adams, a former Deputy Surgeon General, brings extensive public health experience and leadership in federal health programs. Her past roles include managing the Ryan White HIV/AIDS Program, which serves over half a million uninsured individuals. CEO Susan Salka emphasized that Trent-Adams' commitment to underserved populations will enhance AMN's service delivery. The appointment aligns with AMN's values of ethical practice and health equity.

AMN Healthcare (NYSE: AMN) has introduced an innovative service combining teletherapy for schools with video interpretation services, enabling therapy professionals to assist students and parents with limited English proficiency or hearing impairments. This initiative leverages an advanced teletherapy platform alongside medically qualified interpreters, aiming to enhance access to care and support the educational needs of disabled students. Approximately 7 million disabled students, who represent 14% of public school enrollment in the U.S., are projected to benefit from this expansion in healthcare services.

AMN Healthcare Services announced the pricing of a private offering for an additional $200 million of 4.625% Senior Notes due 2027, increasing the original amount by $50 million. The notes will be issued at 101.00% of their face value and are guaranteed by the company’s affiliates under existing credit facilities. The funds will be utilized to repay a portion of existing term loan debt and cover offering-related fees. The offering is set to close on August 13, 2020, pending customary conditions.

AMN Healthcare Services, Inc. (NYSE: AMN) announced a private offering of $150 million in 4.625% Senior Notes due 2027, under existing indentures. The proceeds will primarily be used to repay part of existing term loan debt and cover offering-related expenses. The notes will be offered to qualified institutional buyers and non-U.S. persons, complying with applicable regulations. The existing notes, initially totaling $300 million, were issued in October 2019. The offering does not constitute an offer to sell or solicit purchases in jurisdictions where it is illegal.

AMN Healthcare Services reported significant growth in Q2 2020, with revenues reaching $608.4 million, a 14% increase year-over-year, and adjusted EBITDA of $80.5 million. Travel nurse staffing surged by 41%, showcasing strong recovery despite COVID-19 disruptions. However, net income fell 23% to $22.3 million, reflecting operational costs and integration expenses from acquisitions. The company anticipates Q3 revenue to decline 10% but expects growth in technology and workforce solutions by 140%.

AMN Healthcare has moved up in the Fortune 1000 rankings, now at 939 for 2020, highlighting its growth since entering the list at 964 in 2017. With reported annual revenues reaching $2.2 billion and a market value of $2.9 billion as of December 31, 2019, the company is recognized for its comprehensive talent solutions in healthcare. Notably, it is among only 62 companies in the Fortune 1000 with women CEOs. CEO Susan Salka attributes this ascent to innovative strategies and strong partnerships with clients.

AMN Healthcare (NYSE: AMN) has launched a customizable, technology-enabled service to support businesses in ensuring employee safety as they return to work amid the pandemic. The program offers services including COVID-19 testing, onsite clinic support, and telehealth solutions tailored to various organizational needs. With expertise in program management and a network of qualified healthcare professionals, AMN aims to help organizations safely resume operations in compliance with health guidelines. This initiative is already being utilized by large employers worldwide.