September 4, 2019 – Healthcare is among the most rapidly growing employment fields, according to analysts at Hunt Scanlon Media, which tracks trends in the executive search and leadership solutions space. So it is that the need for recruiting firms to deliver top-drawer leaders throughout the sector has only grown.
Ms. Mackey-Ross’ brings over 25 years of leadership experience and will further bolster AMN Healthcare’s capabilities to serve integrated and academic health systems in executive search and talent advisory services, said the company. Ms. Mackey-Ross joins AMN from Witt/Kieffer, a leading national healthcare executive search firm, where since 1995 she served in a number of leadership roles, most recently as a managing director, and seven years as a board member. Ms. Mackey-Ross also brings professional insight into healthcare delivery and patient care to her new role, having served as an oncology clinical nurse specialist early in her career.
“As healthcare organizations seek to improve quality of care and overall performance in an increasingly complex and competitive industry, AMN is developing innovative ways to help them with leadership and organizational strategies that lead to success,” said Kelly Rakowski, president of leadership and search solutions at AMN Healthcare. “We are thrilled to have a person with Christine’s experience, creativity and commitment in our board and C-suite search practice.”
Phillips DiPisa is part of the AMN Healthcare Leadership group which provides interim leadership, executive and physician permanent placement, and recruitment process outsourcing to healthcare organizations.
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.
This spring, 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; Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor – Hunt Scanlon Media