AMN Healthcare buys Peak Health Solutions
AMN Healthcare, a healthcare workforce solutions and staffing service provider, has acquired Peak Health Solutions, for an undisclosed amount.
Peak Health Solutions is a health information management services company that provides remote medical coding and consulting solutions to hospitals and physician medical groups across the US.
Currently, the company generates annual revenue of around $33m and an adjusted EBITDA margin of greater than 15%.
The newly acquired company will be included in AMN Healthcare's other workforce solutions segment.
AMN Healthcare president and CEO Susan Salka said: "The addition of Peak Health Solutions will expand our workforce solutions and enable AMN to offer our clients services in accurately coding diagnosis and procedure codes, which is critical to clinical quality reporting and the financial health of healthcare organisations."
AMN provides access to a comprehensive network of healthcare professionals through its recruitment strategies and several career opportunities.
It also provides managed services programmes, healthcare executive search solutions, vendor management systems, recruitment process outsourcing, predictive modelling, and other consulting services.
The company serves acute-care hospitals, community health centres and clinics, physician practice groups, retail and urgent care centres, home health facilities, and other healthcare settings.
Peak Health Solutions president John Morris said: "Our purpose is to help healthcare providers classify and improve clinical documentation to ensure accurate outcomes and timely reimbursement.
"With more than 150,000 ICD-10 codes to choose from, healthcare organizations have an ongoing need for coding support to reduce potential lost revenue, minimize compliance risk and augment their billing teams.
"Together with AMN Healthcare, we can deliver even greater value to the evolving healthcare community."
In January this year, A MN Healthcare Services completed the acquisition of BE Smith for $160m.
BE Smith is a full-service healthcare executive search firm that serves healthcare clients across various settings such as acute care hospitals, academic medical and children's hospitals, physician practices, and post-acute care providers.