AMN Healthcare plans $250 million term loan for Stratus purchase

By Sara Rosenberg

New York, Jan. 31 – AMN Healthcare Services Inc. plans on getting a new $250 million term loan to help fund its acquisition of Stratus Video, according to a company presentation.

Other funds for the transaction will come from a $175 million revolving credit facility draw and $50 million of cash on hand.

Pro forma leverage will be 3.3x.

Under the agreement, Stratus Video, a Clearwater, Fla.-based provider of video remote language interpretation services for the health care industry, is being bought for $475 million.

Closing is expected by early March, subject to regulatory approvals and customary conditions.

J.P. Morgan served as exclusive financial adviser to AMN for this transaction.

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

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