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AMN Healthcare Reports Fourth Quarter and Year End 2007 Results; Provides Full Year 2008 Guidance
Date:2/26/2008

ce of up to $50.3 million in cash consisted of an initial payment of $32.9 million and a potential additional earn-out payment based on Platinum Select's 2008 financial performance. The company financed the acquisition using both cash on hand and its revolving credit facility. "This addition to the AMN Healthcare family provides an additional channel for helping our clients obtain the scarce and valuable talents of allied professionals, and firmly places the company as the #1 provider in the attractive travel allied healthcare staffing segment of the industry," said Nowakowski.

Revenue and Earnings Guidance for First Quarter and Full Year 2008

Based on the current market conditions and an expectation for typical seasonal improvement in the demand and supply environment during the second half of the year, the company expects revenue for the full year 2008 to grow 7% to 12% over 2007 and diluted earnings per share to grow at a faster rate of 11% to 16%. Management expects revenue for the first quarter of 2008 to range from $290 million to $293 million, and diluted earnings per share to range from $0.24 to $0.26. These guidance estimates include the company's acquisition of Platinum Select which closed on February 15, 2008.

"Our 2008 guidance anticipates revenue and earnings growth in all of our segments. Our locum tenens staffing segment is expected to produce double digit growth and we expect that our physician permanent placement and allied staffing businesses will grow at faster rates than last year. Our outlook is tempered by caution that the level of growth in the demand environment for travel nurses continues to be at lower than optimal levels," said Nowakowski. "We remain very focused on delivering superior quality and service to our clients every day and are confident that AMN has the right long-term market strategy and the right team in place to advance our leadership position within the fastest growing, most profitable segments of the he
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SOURCE AMN Healthcare Services, Inc.
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