November 03, 2023
AMN Healthcare Companies Inc. (NYSE: AMN) reported third-quarter income fell 25.0% 12 months over 12 months to $853.5 million however was consistent with expectations. The healthcare staffing agency reported income in its nurse and allied options carried out higher than anticipated, although it was nonetheless down by 30.8%. Journey nurse income, which is included within the section, was down 34% 12 months over 12 months whereas allied income fell 12%.
AMN expects the post-pandemic downtrend within the nurse and allied market to taper off within the fourth quarter.
“The AMN workforce did a formidable job balancing enterprise execution within the third quarter alongside our initiatives to sharpen our strategic plan and implement highly effective developments in our know-how platform and processes,” President and CEO Cary Grace mentioned in a press launch. “On the similar time, we made an essential strategic transfer with the pending acquisition of MSDR, which is able to bolster our presence within the strong locum tenens market.”
Steering
AMN forecast fourth-quarter income to be down between 33% and 35% 12 months over 12 months. It expects nurse and allied income to be down between 33% and 35%, whereas doctor and management income is forecast to be down between 12% and 14%. Expertise and workforce options income is predicted fall by 18% within the fourth quarter.
Share worth
Shares in AMN have been down 3.49% to $70.21as of 11:26 a.m. Japanese time; they set a brand new 52-week low throughout right now’s buying and selling session after they reached $69.97. based on FT.com.
