AMN Healthcare has added to a recent string of acquisitions by buying Peak Health Solutions.
In Peak, staffing giant AMN obtains a growing health information management services company that specializes in remote medical coding and consulting services to hospitals and physician medical groups nationwide, AMN said in a release. Terms were not disclosed.
Peak generates annualized revenue of $33 million and an adjusted EBITDA margin of more than 15%, AMN said.
"The addition of Peak 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 CEO Susan Salka said.
There are more than 150,000 medical codes for physician and hospital services.
The Peak acquisition is just the latest for San Diego-based AMN. In January, investor-owned AMN completed two acquisitions. The first was of B.E. Smith, a healthcare executive search and interim leadership firm. The price was $162.2 million.
A week later, AMN bought HealthSource Global Staffing for $9.4 million. HealthSource provides rapid-response staffing, including in labor disruptions.
In the first quarter of 2016, AMN posted net income of $25.9 million on revenue of $468 million compared with net income of $12.2 million on revenue of $228.1 million in the year-earlier quarter.
