Connecting to LinkedIn...

Blank

AMN Healthcare Has Announced its 2009 Results

AMN Healthcare Has Announced its 2009 Results

For the full year 2009, revenue was $760 million, a decrease of 38% from prior year. Nurse and Allied staffing segment revenue was $431 million, a decrease of 49% from prior year, Locum Tenens staffing segment revenue was $292 million, a decrease of 9% from prior year, and Physician Permanent Placement segment revenue was $37 million, a decrease of 28% from prior year. The company recorded and adjusted EBITDA of $56.8 million.

"I'm certain most would agree that 2009 represented the most challenging year in the history of the healthcare staffing industry. The unprecedented rise in unemployment and severe economic contraction wreaked havoc and resulted in precipitous drops in demand volumes unlike any other time. However, amidst the turbulence, AMN took a proactive, disciplined and forward-looking approach to build stronger relationships with our customers and streamline our operating model and cost structure. These efforts have resulted in strong adjusted EBITDA margins, improved gross margins and a healthy balance sheet," said Susan R. Nowakowski, President and Chief Executive Officer of AMN Healthcare. "As we enter 2010, the industry is experiencing a period of stabilization, and AMN is poised to benefit from the managed services and preferred provider relationships we expanded over the past year, in addition to the operational synergies and agility we have achieved."

Tags:

Articles similar to

Articles similar to