M&A
confidence high
sentiment positive
materiality 0.75
AMN Healthcare agrees to buy MSDR for $300M; expects Q4 2023 close
AMN HEALTHCARE SERVICES INC
- Definitive agreement to acquire MSDR for $300 million cash; expected to close Q4 2023 subject to regulatory approvals.
- MSDR had 2022 revenue of $104M and annualized YTD 2023 revenue of ~$155M.
- Deal expected to be modestly accretive to adjusted EPS in first 12 months.
- Annual cash tax savings of ~$2M for 15 years from DRW asset purchase structure.
- MSDR CEO Chris Wang to remain as President of MSDR.