Core Insights - AMN Healthcare Services reported third quarter 2025 revenue of $634 million, an 8% decrease year-over-year, with adjusted EBITDA of $58 million, reflecting a 22% decline from the previous year [1][4][10] - The company achieved a net income of $29 million, significantly up from $7 million in Q3 2024, resulting in diluted earnings per share of $0.76 compared to $0.18 a year ago [1][4][10] - The company anticipates fourth quarter 2025 revenue to be between $715 million and $730 million, with expectations of a sequential increase in travel nursing demand [14][15] Financial Performance - Consolidated revenue for Q3 2025 was $634.5 million, down 8% from Q3 2024 and down 4% from Q2 2025 [1][4] - Gross profit for the quarter was $184.4 million, a 13% decrease year-over-year, with a gross margin of 29.1% [1][9] - Adjusted diluted EPS was $0.39, down 36% from $0.61 in Q3 2024 [1][10] Segment Performance - Nurse and Allied Solutions segment revenue was $361 million, a 9% decrease year-over-year, with travel nurse staffing revenue down 20% [5][36] - Physician and Leadership Solutions segment reported revenue of $178 million, down 1% year-over-year, while locum tenens revenue increased by 3% [6][36] - Technology and Workforce Solutions segment revenue was $95 million, a decrease of 12% year-over-year, primarily due to the sale of Smart Square scheduling software [8][36] Operational Highlights - Cash flow from operations was $23 million, and the company paid off its revolving line of credit with proceeds from the sale of Smart Square totaling $65 million [6][11] - The company refinanced its senior unsecured notes due in 2027 with new notes due in 2031, enhancing financial flexibility [12][13] - Staffing orders rebounded in Q3, with winter order volume higher than the previous year, indicating potential growth in travel nursing for Q4 [4][6] Guidance and Outlook - For Q4 2025, the company expects revenue to be 1-3% lower than the prior year but up 13-15% sequentially [15] - Labor disruption revenue is projected at approximately $100 million, compared to $62 million in the prior-year quarter [15] - The company anticipates a gross margin of 25.5% to 26.0% for Q4, reflecting a decrease due to lower margins on labor disruption revenue [14][15]

Core Insights - AMN Healthcare Services, Inc. announced the sale of its Smart Square scheduling software to symplr for $75 million, establishing a commercial partnership to enhance operational technology and workforce solutions [1][10] - The partnership is expected to strengthen AMN's Scheduling and Staff Planning business, boosting its position in the healthcare workforce management niche [2] Company Performance - Following the announcement, AMN's shares gained nearly 0.5%, reflecting positive market sentiment [3] - AMN Healthcare has a market capitalization of $843.9 million and an earnings yield of 4.8%, outperforming the industry average of 4.2% [4] Strategic Rationale - AMN Healthcare aims to meet the increasing demand for integrated workforce management solutions by combining its capabilities with symplr's software, which is expected to streamline various administrative processes for healthcare organizations [5][6] - The partnership is anticipated to enhance AMN's WorkWise technology suite, providing clients with a comprehensive solution for workforce management [6] Industry Outlook - The global workforce management market was valued at $8.07 billion in 2022 and is projected to reach $19.35 billion by 2030, growing at a CAGR of 11.7%, driven by workforce optimization and technological advancements [8] - The recent announcement is expected to significantly boost AMN Healthcare's business in light of the market potential [8] Recent Developments - In May, AMN reported a 4.9% year-over-year increase in revenues from its Technology and Workforce Solutions segment's Language services [9]

Core Insights - AMN Healthcare has sold its Smart Square® scheduling software to symplr and entered into a commercial partnership to enhance healthcare workforce solutions [1][2][3] - The partnership aims to integrate AMN's workforce planning and analytics capabilities with symplr's operational technology, addressing the complexities of healthcare workforce management [2][3][4] - The total purchase price for the software was $75 million, with $65 million paid at closing and a $10 million note due at the end of 2026 [5] Company Overview - AMN Healthcare is a leader in total healthcare talent solutions, providing a comprehensive network of healthcare professionals and customizable workforce technologies [6] - In 2024, AMN's healthcare professionals reached nearly 15 million patients across more than 2,100 healthcare systems, including 87% of the top healthcare systems in the U.S. [6] - symplr is recognized as a leader in enterprise healthcare operations software, trusted by 9 out of 10 U.S. hospitals and over 400 health plans [7]