San Diego-based AMN Healthcare Services inked a definitive agreement to acquire B.E. Smith, a provider of interim healthcare leadership, executive search and advisory services, for $160 million in cash.
"With increased demand and the evolution of new care delivery models, healthcare clients are faced with the critical challenge of recruiting the key executives and talent needed to lead the dramatic transformation their organizations are experiencing. The added strength of B.E. Smith's recruitment expertise and nationwide talent pool of healthcare leaders and executives further increases the strategic value that AMN Healthcare delivers to clients through our breadth of innovative workforce solutions," Susan Salka, president and CEO of AMN Healthcare, said in a statement.
The acquisition will be immediately accretive to GAAP and adjusted earnings per share. AMN expects to realize an estimated $25 million in tax benefits from the acquisition. It plans to fund the purchase through loans and revolver draws.
The deal is expected to close in January.
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