AMN Healthcare Services Inc. (NYSE: AMN) reported a 27.5% year-over-year decrease in first-quarter revenue to $1.13 billion, with the nurse and allied segment seeing the biggest drop (32.9%). Meanwhile, gross margin improved and the company appointed two new executives. The largest segment experienced a 39% decrease in travel nurse revenue and 8% decrease in allied revenue; physician and leadership solutions revenue declined by 7.7%. Technology and workforce solutions revenue dropped by 6.2%. For the current quarter, AMN expects revenue to be down between 30% and 32%, nurse and allied revenue to be down between 36% and 38%, physician and leadership solutions segment revenue to be down by approximately 5%, and technology and workforce solutions segment revenue by 15%. Shares in AMN Healthcare Services have gained 8.47% to $92.31, with a market cap of $3.44 billion.
Amidst an overall decrease in revenue, AMN Healthcare Services Inc. (NYSE: AMN) made great strides in the first quarter of 2021. President and CEO Cary Grace affirmed that the team “delivered a strong first quarter”, despite the dynamic needs of their markets. The company also made two
