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AMN Healthcare Acquires Virtual Care Platform Synzi for $42.5M in Cash

by Fred Pennic 05/21/2021 Leave a Comment

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AMN Healthcare Acquires Virtual Care Platform for $42.5M in Cash

What You Should Know:

– AMN Healthcare announced it has finalized the acquisition of Synzi, a full-service virtual care management company, for $42.5 million in cash.

– Synzi provides virtual care and remote patient monitoring platforms in the home health and outpatient markets. These solutions enable organizations to conduct virtual visits and use secure messaging, text, and email for clinician-to-patient and clinician-to-clinician communications.

– Revenue in the second quarter of 2021 is expected to be 33-36% higher than prior year. Nurse and Allied Solutions segment revenue is expected to grow 34-37% year over year.

– Within this segment, we expect travel nurse staffing revenue to be up 30-33% from prior year. Allied revenue is expected to grow by about 38-40% year over year. In the Physician and Leadership Solutions segment, revenue is expected to be up approximately 20% from prior year. Technology and Workforce Solutions segment revenue is expected to increase by 60-65% compared with the year-ago period. Revenue guidance includes approximately $30 million from vaccination-related projects.

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Tagged With: AMN Healthcare, Healthcare Mergers & Acquisitions, Synzi, Virtual Care, Virtual Care Platform

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