Intrepid announced today that it acted as the exclusive financial advisor to Connetics USA (Connetics) on its sale to AMN Healthcare Services, Inc. (NYSE: AMN). Founded in San Diego, California in 2008, Connetics has become a trusted recruitment partner to leading healthcare institutions across the US and has played a meaningful role in helping to address the nationwide healthcare staffing shortage. The Company operates a unique direct hire model that allows healthcare facilities to globally recruit high-quality nurses and allied health professionals. Connetics’ high-touch and differentiated recruitment model promotes long-term retention and cultural cohesion within US-based healthcare facilities. The Company will continue to be led by Founder and CEO, Tanya Freedman.
“Our goal at Connetics is to change lives. Through our international recruitment model, we assist healthcare facilities and patients by providing adequate staff and support, while changing the lives of healthcare providers around the world who hope to come to the United States to live their ‘American Dream’,” said Tanya Freedman, CEO of Connetics. “By partnering with AMN, we will be able to expand our reach and scale our services. AMN is the perfect strategic partner for us and we are very excited to be joining them.”
“We are thrilled to have the Connetics USA team join the AMN Healthcare family of companies and to expand our support for our clients across the country,” said AMN Healthcare Chief Executive Officer Susan Salka. “The number one challenge facing healthcare organizations today is the growing shortage of healthcare professionals, a problem we expect will continue for the foreseeable future. International staffing solutions are an increasingly important response to this issue, and Connetics USA will help us bring more qualified international professionals to the United States.”
“The Intrepid team was extremely professional, knowledgeable and helpful throughout the deal process. No question or task was too big for the team, and they assisted us with navigating the path to find our ideal strategic partner. We could not have asked for a better advisor than Intrepid to lead us through this sale,” commented Ms. Freedman.
“The Intrepid team was beyond amazing, professional and thorough throughout every part of this transaction. Their leadership, dedication, guidance and experience made this transaction possible, and we are forever grateful,” said Brett Saloner, Chairman of Connetics.
“Connetics’ mission driven team has innovated a powerful model that increases the supply of experienced healthcare providers to help ease the nurse and allied staffing shortage across the country,” said Adam Abramowitz, Managing Director and Head of Healthcare at Intrepid. “The Connetics’ direct hire model that Tanya and the team have perfected creates a much-needed, cost-effective and long-term solution within the healthcare staffing landscape. We are excited to watch these two world-class organizations leverage AMN’s reach and scale to deliver Connetics’ high-touch services to clients nationwide.”
AMN Healthcare is the leader and innovator in total talent solutions for healthcare organizations across the nation. The Company provides access to the most comprehensive network of quality healthcare professionals through its innovative recruitment strategies and breadth of career opportunities. With insights and expertise, AMN Healthcare helps providers optimize their workforce to successfully reduce complexity, increase efficiency and improve patient outcomes. AMN total talent solutions include managed services programs, clinical and interim healthcare leaders, temporary staffing, executive search solutions, vendor management systems, recruitment process outsourcing, predictive modeling, language interpretation services, revenue cycle solutions, credentialing, and other services. Clients include acute-care hospitals, community health centers and clinics, physician practice groups, retail and urgent care centers, home health facilities, schools, and many other healthcare settings. AMN Healthcare is committed to fostering and maintaining a diverse team that reflects the communities we serve. Our commitment to the inclusion of many different backgrounds, experiences and perspectives enables our innovation and leadership in the healthcare services industry. For more information about AMN Healthcare, visit www.amnhealthcare.com.