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December 22, 2014

AMN Healthcare buys clinical labour management services provider Avantas

US-based AMN Healthcare Services has acquired Avantas from Catholic Health Initiatives/Alegent Creighton Health.

US-based AMN Healthcare Services has acquired Avantas from Catholic Health Initiatives/Alegent Creighton Health.

The deal includes an initial payment of $16.5m, with an earn-out potential of up to $8.5m based on future operating performance.

The acquisition is expected to be neutral to AMN’s earnings in 2015 and accretive by 2016, by funding the deal through cash on hand and borrowings under the company’s existing revolving credit facility.

AMN Healthcare president Susan Salka said: "With labour representing more than half of costs at healthcare facilities, providers are in great need of accurate, dependable analytics and information to make critical forecasting and staffing decisions.

"Avantas provides clinical labour management services including workforce consulting, data analytics, predictive modelling and software as a service (SaaS) based scheduling technology."

"By bringing Avantas into the AMN portfolio of services, our clients will benefit from best-practice strategies, resource management expertise, innovative technologies and access to clinical labour that is unrivalled in the industry."

Avantas provides clinical labour management services including workforce consulting, data analytics, predictive modelling and software as a service (SaaS) based scheduling technology.

Services and technology tools that allow clients to optimise and plan their clinical workforce to cost-effectively handle patient demand are provided by Avantas, according to AMN.

Avantas CEO Chris Fox said: "Together, we can provide a level of workforce predictability integrated with expert workforce and staffing solutions that has never before been achieved in healthcare."

AMN Healthcare provides healthcare workforce solutions and staffing services to acute-care hospitals, community health centres, clinics, physician practice groups, retail and urgent care centres, home health facilities, pharmacies and other healthcare settings.

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