AMN Healthcare Q3 Results
AMN Healthcare Services, Inc. has announced its operating results for the third quarter of 2008. Revenue of $315 million, up 5% over last year and Gross profit for the third quarter of 2008 was $81.1 million, an increase of 1.7% from the same quarter last year."While the healthcare staffing industry is not insulated from the impact of our nation's economic uncertainties, we do believe our industry leadership position and our diversified strategy is enabling AMN to deliver solid results that will translate into an even stronger market position in the future. While we are disappointed to be reporting operating performance slightly below our previous higher growth expectations, we do believe these results are more than respectable given the worsening financial and employment environment and the lower patient admissions and procedures reported by the healthcare industry," said Susan R. Nowakowski, President and Chief Executive Officer of AMN Healthcare. "We were especially pleased with our largest business line of travel nurse staffing, where we experienced year-over-year and sequential revenue growth and likely the most significant market share gains we have seen in several quarters. The lower than expected overall results came primarily from our allied business and certain specialties within our locum tenens division."