AMN Healthcare draws from revolver for acquisition of Avantas

By Marisa Wong

Madison, Wis., Dec. 22 – AMN Healthcare Services, Inc. will use borrowings under its existing revolving credit facility, along with cash on hand, to fund its acquisition of Avantas, according to a press release.

The purchase price includes an initial payment of $16.5 million, with an earn-out potential of up to $8.5 million based on future operating performance.

Avantas was acquired from Catholic Health Initiatives/Alegent Creighton Health. Avantas is a clinical labor management services provider.

AMN is a San Diego-based health care staffing and workforce services company.

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