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AMN buys medical coding firm Peak Health Solutions

June 06, 2016

AMN Healthcare Services Inc. (NYSE: AHS), the largest US healthcare staffing firm, acquired health information management services company Peak Health Solutions.

Peak Health Solutions provides remote medical coding and consulting solutions to hospitals and physician medical groups nationwide. The company currently generates annualized revenue of approximately $33 million.

“As the industry leader in workforce solutions, AMN takes great pride in listening and responding to the ever-changing needs of our clients through both internal innovation and strategic acquisitions,” said AMN Healthcare President and CEO Susan Salka. “The addition of Peak Health Solutions will expand our workforce solutions and enable AMN to offer our clients services in accurately coding diagnosis and procedure codes, which is critical to clinical quality reporting and the financial health of healthcare organizations.”

AMN funded the acquisition out of cash on hand and borrowings under the company’s existing revolving credit facility. The business will be reported under AMN’s “other workforce solutions” segment for financial reporting purposes.

This latest deal continues an acquisition spree of sorts for AMN. In January, AMN completed its $160 million acquisition of healthcare search firm B.E. Smith. It purchased Onward Healthcare, Locum Leaders and Medefis from OGH LLC for $82.5 million in January 2015, as well as MillicanSolutions and The First String Healthcare, both in the second half of 2015.

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