May 27, 2020 – AMN Healthcare, a provider of healthcare total talent services to facilities, announced today that it has appointed Bernard Godley as lead physician executive for the leadership and search solutions division.
“We are thrilled to have Dr. Godley join AMN Leadership Solutions,” said Kelly Rakowski, group president and chief operating officer, strategic talent solutions for AMN Healthcare. “His background as a physician and healthcare leader, in addition to his experience in executive search, will be instrumental as we continue to expand our physician leadership in healthcare. This is an exciting time of growth and change in the healthcare industry and we are happy to have Bernard supporting our clients.”
Dr. Godley comes to AMN from Korn Ferry, where he was a senior client partner representing its academic health center practice. Prior to that, he served as professor and chair of the ophthalmology and visual sciences department at the University of Texas Medical Branch (UTMB) at Galveston. Dr. Godley is credited with the rapid turnaround of the department, significantly improving patient satisfaction, operational efficiency, and growth in faculty and services.
Dr. Godley earned a bachelor’s degree at Brown University and completed the combined MD and Ph.D. program at Harvard Medical School and MIT. After completing his medical internship at Brigham and Women’s Hospital, he served an ophthalmology residency at the University of Iowa, followed by a medical retina fellowship at Moorfields Eye Hospital and the University of London, and the Retina Institute of Maryland. Dr. Godley earned an MBA at Northwestern University’s Kellogg School of Management, where he focused on leadership and finance. He was a fellow of the American Academy of Ophthalmology and the American College of Surgeons.
AMN Healthcare provides access to a comprehensive network of quality healthcare professionals through its innovative recruitment strategies and breadth of career opportunities. The company helps providers optimize their workforce to successfully reduce complexity, increase efficiency and improve patient outcomes. AMN delivers managed services programs, healthcare executive search solutions, vendor management systems, recruitment process outsourcing, predictive labor analytics, mid-revenue cycle management, credentialing solutions and other services. Clients include acute-care hospitals, community health centers and clinics, physician practice groups, retail and urgent care centers, home health facilities, schools and many other healthcare settings.
Growing Via Acquisitions
Last year, AMN completed acquisitions of MedPartners, a national mid-revenue cycle firm, and two related brands in healthcare leadership solutions: Phillips DiPisa and Leaders For Today. The acquisitions totaled $195 million, according to AMN.
The overall transaction was structured to allow AMN to realize tax benefits having an estimated net present value of about $25 million. The acquisitions were funded through the company’s revolving credit facility.
AMN Healthcare Services Acquires B.E. Smith
AMN Healthcare Services has completed its acquisition of healthcare-focused executive search firm B.E. Smith for $160 million in cash. Founded in 1978, B.E. Smith is a full-service healthcare interim leadership placement and executive search firm.
“As the leading healthcare workforce provider, we understand the growing need for healthcare facilities to optimize revenue to provide a more effective, quality patient care experience,” said Susan Salka, president and CEO of AMN Healthcare. “With the acquisition of MedPartners, we can deliver a full range of mid-revenue cycle solutions that include case management, clinical documentation improvement, medical coding and registry services to our clients and healthcare professionals.”
Meanwhile, Phillips DiPisa and Leaders For Today, based in the Boston area, offer a range of leadership staffing and permanent placement solutions for the healthcare industry. Phillips DiPisa is an executive search firm with offices in Atlanta, Chicago, Los Angeles and Philadelphia. Leaders For Today provides interim and permanent leadership workforce solutions. Both businesses have a particularly strong presence and market share in the important Northeast region. The purchase price was $30 million, with potential for an additional $7 million based on future financial performance. The combined firms generated revenues of about $23 million last year. The acquisition is expected to be immediately accretive to AMN’s earnings per share.
“Healthcare organizations are looking for strong, experienced leaders to guide them through this period of unprecedented change,” said Ms. Salka. “The addition of Phillips DiPisa and Leaders For Today will expand our leadership placement services for the C-suite, meeting a critical need for healthcare executive teams and their boards as they navigate consolidation and develop ways to optimize their workforce and deliver high-quality care.”
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media