AMN Healthcare, a San Diego-based company that provides healthcare workforce solutions and staffing services, has completed its acquisition of The First String Healthcare, an Irvine, Calif.-based provider of interim staffing and permanent placement of nurse leaders and executives.
Here are three things to know about the acquisition.
1. It includes cash payments of $6.5 million and an earn-out opportunity of up to $4 million based on future performance metrics.
2. In a news release, Susan Salka, president and CEO of AMN Healthcare, said the acquisition "enhances our capabilities to provide interim and permanent nursing leadership, which is in very high demand as our clients continue changing their care delivery models to improve patient outcomes." She said The First String Healthcare's CNOTrainingAcademy and mentoring programs also support nurse leadership.
3. Lucy Pantoskey, founder of The First String Healthcare, also spoke positively about the acquisition. "The driving force behind our success in creating sustainable and successful clinical teams has been our passion to bring great healthcare leaders and clients together. We share a common culture of innovation and integrity with AMN Healthcare, and combined we can deliver even greater value to the evolving healthcare community," she said.