AMN Healthcare, a healthcare workforce solutions and staffing services company has acquired Health Information Management (HIM) services company Peak Health Solutions. Financial details of the acquisition were not disclosed and is expected to be immediately accretive to AMN’s earnings per share.
The acquisition was funded out of cash on hand and borrowings under the Company’s existing revolving credit facility. The business will be included in the Company’s Other Workforce Solutions segment for financial reporting purposes.
The company’s middle revenue cycle-focused services has over 350 HIM professionals providing remote medical coding, clinical documentation improvement (CDI), compliance and revenue integrity auditing, denials management, physician training and education, EMR–HIM optimization, preceptor development, and interim HIM staffing.
Peak provides both fully and partially outsourced solutions through its domestic and offshore capabilities. Peak’s national client footprint includes multi-facility hospital systems, large IDN’s, teaching and community hospitals, and large physician practices.
Peak Health Solutions is currently generating annualized revenue of approximately $33 million and an adjusted EBITDA margin of greater than 15%.