AMN Healthcare completes MSDR acquisition for $300Mn
TEXAS, UNITED STATES — AMN Healthcare, one of the largest healthcare staffing companies in the United States, has completed the acquisition of Medical Search International (MSI) and DRW Healthcare Staffing, collectively known as MSDR.
The $300 million strategic move enhances AMN Healthcare’s portfolio in locum tenens and advanced practice staffing.
“We are very excited to welcome the MSDR team into the AMN Healthcare family and expand the workforce solutions available to our clients across the country,” said AMN Healthcare President and Chief Executive Officer Cary Grace, when the acquisition was first announced in October 2023.
“This acquisition is the result of our continued dedication to meet the needs of our clients, who I am confident will see the breadth and value of our services increased with this acquisition of MSDR,” she added.
Following the acquisition, Chris Wang, CEO and Managing Partner of DRW, will continue to lead MSDR as its President.
Founded in 2002, New Jersey-based MSI specializes in providing healthcare professionals in psychiatry, anesthesia, radiology, and surgery. Meanwhile, Atlanta-based DRW, established in 2011, offers similar services with a focus on psychiatry, anesthesia, and surgery.
MSDR, known for its significant contribution to the healthcare staffing sector, reported revenues of $104 million in 2022. The year-to-date annualized revenue for 2023 is estimated at approximately $155 million.
