AMN Healthcare Services - AMN STOCK NEWS

International Esperanza Project (IEP) has appointed Steve Wehn as Chair of the Board of Directors. Wehn, Vice President of Government Relations with AMN Healthcare, succeeds Laura Wheat, the founding Chair. His leadership comes as IEP resumes humanitarian efforts in Guatemala post-COVID-19. The organization has made significant contributions, serving thousands by providing healthcare, education, and community resources. AMN Healthcare remains committed to diversity and effective talent solutions in the healthcare sector.

AMN Healthcare Services reported a strong performance for Q2 2022, with revenue hitting $1.427 billion, a 66% increase year-over-year. GAAP EPS stood at $2.77, up 99%, while adjusted EPS rose 102% to $3.31. The company repurchased 1.9 million shares for $174 million and acquired Connetics USA, enhancing its international recruitment capabilities. Operating cash flow was robust at $224 million. Despite a sequential revenue decline of 8%, demand remains strong amidst workforce shortages, with optimistic guidance for Q3.

AMN Healthcare's latest report reveals that orthopedic surgeons command the highest average starting salary among physicians at $565,000, an increase from last year's $546,000. Other specialties like urologists and gastroenterologists also saw salary rises to $510,000 and $474,000, respectively. The report indicates a rising demand for medical specialists, particularly due to an aging population and increased chronic conditions, shifting focus away from primary care. In the past year, 34% of AMN's physician search engagements were for academic medical centers.

AMN Healthcare Services, Inc. (NYSE: AMN) has announced a conference call scheduled for August 4, 2022, at 5:00 p.m. Eastern Time, to discuss its Q2 2022 financial results and Q3 2022 outlook. The earnings release will be issued after market close at approximately 4:15 p.m. Eastern Time. Investors can access the live webcast on AMN Healthcare's website. The company is recognized as a leader in total talent solutions for healthcare, serving various healthcare facilities across the United States.

The Board of Directors of AMN Healthcare Services (NYSE: AMN) has authorized an additional $250 million for its stock repurchase program, raising the total repurchase capacity to approximately $326.3 million. The company has repurchased 6.76 million shares at an average price of $77.44 since 2016, amounting to $523.5 million. Recent repurchases include 1.88 million shares at $92.65 for $173.8 million. This program allows flexibility in share purchases based on market conditions and company performance.

AMN Healthcare has been awarded the Prime Supplier of the Year title by the Western Regional Minority Supplier Development Council for its commitment to partnering with Minority-owned Business Enterprises (MBEs). In 2021, AMN spent $190 million with diverse businesses, emphasizing its dedication to diversity, equity, and inclusion. The company also supports minority-owned businesses through its Vendor Development Program, facilitating MBE Certification for 100 firms, including 50 Black-Owned businesses. This recognition underscores AMN's role in promoting equitable opportunities and improving socio-economic health.

AMN Healthcare (NYSE: AMN) has been recognized as the top healthcare Managed Services Program (MSP) in the HRO Today 2022 Baker’s Dozen Customer Satisfaction Ratings for seven consecutive years. In this year's rankings, AMN placed fifth in Overall Leaders and third in Quality of Service Leaders among all MSPs globally. This accolade is based on client feedback, affirming AMN's role in addressing healthcare talent shortages and enhancing service quality. AMN's MSPs improve efficiency and deliver value across leading health systems, utilizing advanced recruitment strategies.