AMN Healthcare Services Bundle
Who Owns AMN Healthcare Services?
Understanding corporate ownership is key to grasping a company's strategy and market impact. A recent event for AMN Healthcare Services, Inc. (NYSE: AMN) was the July 2025 sale of its Smart Square scheduling software, signaling a shift in its strategic focus. This transaction highlights how ownership changes directly influence a company's operations and future path.
AMN Healthcare, a major healthcare staffing provider, was founded in 1985 as American Mobile Nurses, Inc. The company, now headquartered in Coppell, TX, aims to solve critical staffing shortages in healthcare by connecting facilities with professionals. Its evolution, including its AMN Healthcare Services PESTEL Analysis, reflects the dynamic nature of the industry.
As of August 2025, AMN Healthcare has a market capitalization between $744.64 million and $795.23 million. In 2024, its revenue was $2.984 billion, with trailing 12-month revenue reaching $2.85 billion by August 2025. This analysis will explore its ownership structure, from initial stakes and institutional investors to public shareholders, to understand who influences this key healthcare provider.
Who Founded AMN Healthcare Services?
The journey of AMN Healthcare Services, Inc. began in 1985, marking the inception of a significant player in the healthcare staffing sector. While the exact founding details have some variations, the core mission was to provide essential staffing solutions to healthcare facilities.
| Founder Mentioned | Associated Company Name | Year Founded |
|---|---|---|
| Randy W. Charlton and Bill K. Walton | American Mobile Healthcare Corp. | 1985 |
| Gayle Francis and Steven Francis | American Mobile Nurses | 1985 |
| Jim Merritt | (Not specified) | 1985 |
The company operated under various names during its formative years, including American Mobile Nurses and American Mobile Healthcare Corp. This evolution continued until the adoption of the AMN Healthcare name in 2006.
AMN Healthcare Services, Inc. was established in 1985. This marked the beginning of its operations in providing staffing solutions to the healthcare industry.
Public records indicate multiple individuals credited with founding the company. These include Randy W. Charlton, Bill K. Walton, Gayle Francis, Steven Francis, and Jim Merritt, each associated with the company's establishment in 1985.
Specific details regarding the initial equity splits, percentages of shares held by founders, or early investor information are not extensively documented in publicly available records.
The foundational vision of the company was centered on addressing the growing demand for temporary and permanent staffing within healthcare facilities, aiming to improve patient care and operational efficiency.
The company's name transitioned from earlier iterations like American Mobile Nurses and American Mobile Healthcare Corp. to its current identity, AMN Healthcare, in 2006, reflecting its expanded scope and market presence.
The early days of AMN Healthcare Services, Inc. were characterized by a focus on establishing a presence in the healthcare staffing market. While specific financial details from its inception are not widely publicized, the company's initial strategy was to meet the evolving staffing needs of healthcare providers. Understanding the Mission, Vision & Core Values of AMN Healthcare Services provides context for its foundational goals.
Information regarding early backers, angel investors, or friends and family who acquired stakes during the initial phase is not readily available. Similarly, details on early agreements such as vesting schedules, buy-sell clauses, or any initial ownership disputes are not extensively documented in public sources.
- Founding year: 1985
- Varied early company names: American Mobile Nurses, American Mobile Healthcare Corp.
- Lack of detailed early financial or ownership records.
- Core early mission: Providing healthcare staffing solutions.
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How Has AMN Healthcare Services’s Ownership Changed Over Time?
AMN Healthcare Services, Inc. became a publicly traded entity following its Initial Public Offering (IPO) on November 13, 2001. This transition marked a significant shift in its ownership structure, moving from private to public hands. The company's market capitalization has seen substantial growth and fluctuations since its IPO, reaching approximately $744.64 million as of August 18, 2025.
| Shareholder | Percentage Ownership (March 2025) | Percentage Ownership (August 2025) |
|---|---|---|
| BlackRock, Inc. | 16.24% | Not specified |
| The Vanguard Group, Inc. | 11.42% | Not specified |
| State Street Global Advisors, Inc. | 4.20% | Not specified |
| FMR LLC | 3.51% | Not specified |
| Newtyn Management, LLC | 3.13% | Not specified |
| Millennium Management LLC | 2.87% | Not specified |
| D. E. Shaw & Co., L.P. | 2.57% | Not specified |
| Dimensional Fund Advisors LP | 2.53% | Not specified |
| Charles Schwab Investment Management, Inc. | 2.36% | Not specified |
| Geode Capital Management, LLC | 2.30% | Not specified |
The ownership landscape of AMN Healthcare is heavily dominated by institutional investors, who collectively held 104.59% of the company's shares as of March 2025. This figure represents a slight increase from 104.09% in December 2024 and 105.1% in July 2025, indicating a robust institutional interest that can sometimes exceed 100% due to various market dynamics. In contrast, insider ownership is considerably lower, standing at 0.37% in March 2025 and rising to 0.73% by July 2025. This substantial institutional stake suggests that the strategic direction and governance of AMN Healthcare are significantly influenced by the investment strategies and expectations of major funds, often prioritizing financial performance and shareholder value. Understanding these dynamics is crucial for grasping the company's operational focus and its approach to market challenges, which can be further explored in the context of the Target Market of AMN Healthcare Services.
Institutional investors are the primary owners of AMN Healthcare, significantly shaping its corporate strategy.
- BlackRock, Inc. is the largest institutional shareholder.
- The Vanguard Group, Inc. holds a substantial stake.
- Institutional ownership levels have remained consistently high.
- Insider ownership represents a minimal portion of total shares.
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Who Sits on AMN Healthcare Services’s Board?
The governance of AMN Healthcare Services, Inc. is overseen by its Board of Directors, a group responsible for strategic direction and fiduciary duties. As of mid-2025, the board is chaired by Mark G. Foletta, with Cary Grace serving as President, CEO, and a Director. The board structure emphasizes a blend of executive leadership and independent expertise.
| Director Name | Role |
|---|---|
| Mark G. Foletta | Board Chair |
| Cary Grace | President, Chief Executive Officer, Director |
| R. Jeffrey Harris | Director |
| Teri G. Fontenot | Director |
| Daphne E. Jones | Director |
| Sylvia Trent-Adams | Director |
| Jorge A. Caballero | Director |
| Jim Hinton | Director |
| Celia Huber | Director (joined June 24, 2025) |
| Douglas D. Wheat | Chairman Emeritus |
The voting power within AMN Healthcare Services, Inc. operates under the standard one-share-one-vote principle common among publicly traded companies. This structure means that each share of common stock typically carries one vote, allowing shareholders to influence corporate decisions proportionally to their holdings. There are no publicly disclosed dual-class share structures or other mechanisms that would concentrate voting power disproportionately among specific individuals or groups. The consistent high approval rates for Say-on-Pay proposals, averaging around 95% since 2015, reflect a general shareholder confidence in the board's compensation strategies and overall governance, suggesting a stable shareholder base with minimal recent activist investor activity impacting AMN Healthcare ownership.
The AMN Healthcare board of directors is composed of experienced professionals who guide the company's strategic path. Shareholder voting power is distributed based on stock ownership, a transparent system for determining AMN Healthcare stock ownership influence.
- The board includes both executive and independent directors.
- Cary Grace is the current CEO and a key member of the board.
- Voting power is generally based on a one-share-one-vote system.
- Shareholder alignment is indicated by high Say-on-Pay approval rates.
- Understanding Growth Strategy of AMN Healthcare Services can provide context for board decisions.
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What Recent Changes Have Shaped AMN Healthcare Services’s Ownership Landscape?
In recent years, AMN Healthcare Services, Inc. has undergone strategic shifts and leadership changes that have influenced its ownership landscape. The company has focused on divesting non-core assets and pursuing acquisitions to strengthen its market position.
| Development | Date | Details |
| Sale of Smart Square | July 2025 | Sold to symplr for $75 million ($65 million at closing, $10 million note due end of 2026) |
| Acquisition of MSDR | November 2023 | Acquired for $300 million |
| Acquisition of Medical Search International and DRW Healthcare Staffing | October 2023 | Acquired to expand service offerings |
| Acquisition of Connetics USA | May 2022 | Acquired to enhance market reach |
| CEO Appointment | November 2022 | Cary Grace appointed President and CEO |
| CFO/COO Appointment | November 2024 | Brian Scott appointed Chief Financial and Operating Officer |
| Board Appointment | June 2025 | Celia Huber joined the Board of Directors |
Institutional investors maintain a significant presence in AMN Healthcare's ownership structure, with holdings exceeding 100% in early to mid-2025, a common occurrence reflecting market dynamics. While mutual fund ownership saw a slight decrease to 68.24% by March 2025, insider ownership remains minimal, typically under 1%. The company's strategic direction emphasizes technology-driven solutions and operational enhancements to foster long-term shareholder value, aligning with evolving healthcare workforce needs. This focus includes continued investment in automation and artificial intelligence to improve client services and operational efficiency, building on a history that includes its founding in 1985.
Institutional ownership levels above 100% in early 2025 indicate strong backing from large funds. This trend suggests sustained confidence in the company's strategic initiatives and future performance.
The sale of Smart Square in July 2025 for $75 million highlights a strategic pivot towards core workforce solutions. This move complements recent acquisitions aimed at expanding service capabilities and market penetration.
Key leadership appointments, including the CEO in November 2022 and CFO/COO in November 2024, alongside a new Board member in June 2025, signify a refreshed governance and operational leadership. These changes are integral to steering the company's future growth and strategy.
The company's commitment to technology, including AI and automation, aims to enhance client support and operational efficiency. This forward-looking approach is central to its business model and long-term shareholder value strategy, as detailed in its Brief History of AMN Healthcare Services.
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