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View All NewsAMN revenue rises 12%; nurse and allied staffing revenue up 17%
AMN Healthcare Services Inc. (NYSE: AHS), the largest US healthcare staffing firm, reported fourth-quarter revenue rose 12.5%. And fourth-quarter nurse and allied staffing revenue rose 16.7%.
The company in January completed its acquisition of Onward Healthcare, Locum Leaders and VMS provider Medefis from OGH LLC for a total purchase price of $82.5 million.
| (US$ thousands) | Q4 2014 | Q4 2013 | % growth |
| Revenue | $279,649 | $248,658 | 12.5% |
| Gross profit | $84,696 | $74,193 | 14.2% |
| Gross margin percentage | 30.3% | 29.8% | |
| Net income | $9,895 | $8,356 | 18.4% |
Quote
“The market environment accelerated mid-year as a stronger economy and millions of newly insured Americans released pent-up demand for both healthcare services and the underlying clinical labor that delivers patient care,” said President and CEO Susan Salka. “Market trends continued to strengthen as the fourth quarter progressed, resulting in better than anticipated revenue and earnings growth.”
Revenue by segment
| (US$ thousands) | Q4 2014 | Q4 2013 | % growth |
| Nurse and allied healthcare staffing | $191,570 | $164,121 | 16.7% |
| Locum tenens staffing | $76,170 | $74,067 | 2.8% |
| Physician permanent placement services | $11,909 | $10,470 | 13.7% |
Full-year results
| (US$ thousands) | 2014 | 2013 | % growth |
| Revenue | $1,036,027 | $1,011,816 | 2.4% |
| Gross profit | $316,117 | $297,280 | 6.3% |
| Gross margin percentage | 30.5% | 29.4% | |
| Net income | $33,217 | $32,933 | 0.9% |
Guidance
AMN forecast first-quarter revenue of $310 million to $314 million and gross margin of 30.5%. This guidance includes the expected results for Avantas for the entire quarter and the Onward Healthcare, Locum Leaders and Medefis companies from the Jan. 7 acquisition date.
Share price and market cap
Shares in AMN rose 13.81% in early afternoon trading today to $22.96. AMN had a market cap of $1.07 billion, according to Yahoo!