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View All NewsAMN revenue up 4% in fourth quarter; $800 million for year from MSP
Fourth-quarter revenue rose 4.3% at AMN Healthcare Services Inc. (NYSE: AMN), the San Diego, Calif.-based firm that ranks as the largest US healthcare staffing provider. Nurse and allied staffing revenue as well as locum tenens solutions revenue rose in the fourth quarter, and the company reported revenue rose by 4.5% in its “other workforce solutions” businesses that include VMS, physician perm placement, RPO, medical coding and other services.
| (US$ thousands) | Q4 2017 | Q4 2016 | % change |
| Revenue | $509,076 | $487,858 | 4.3% |
| Gross profit | $162,092 | $158,606 | 2.2% |
| Gross margin percentage | 31.8% | 32.5% | |
| Net income | $41,167 | $26,351 | 56.2% |
Looking at the full year, AMN noted MSP revenue reached $800 million in 2017 and represented 40% of consolidated revenue.
Quote
“With favorable economic and macro conditions along with the best talent and solutions in the industry, we are set up well for another year of growth,” President and CEO Susan Salka said.
Revenue by segment
| (US$ thousands) | Q4 2017 | Q4 2016 | % change |
| Nurse and allied solutions | $321,360 | $307,898 | 4.4% |
| Locum tenens solutions | $108,142 | $103,822 | 4.2% |
| Other workforce solutions | $79,574 | $76,138 | 4.5% |
Full-year results
| (US$ thousands) | 2017 | 2016 | % change |
| Revenue | $1,988,454 | $1,902,225 | 4.5% |
| Gross profit | $644,419 | $619,724 | 4.0% |
| Gross margin percentage | 32.4% | 32.6% | |
| Net income | $132,558 | $105,838 | 25.2% |
Guidance
AMN forecast first-quarter revenue of between $516 million and $522 million, a projected year-over-year revenue increase of approximately 4.2% to 5.4%.
Share price and market cap
Shares in AMN rose 6.46% to $57.65 as of 1:11 p.m. Eastern time. The company had a market cap of $2.75 billion.