AMN HEALTHCARE SERVICES Business Summary

AMN Healthcare Services Inc. (AMN) operates as the largest healthcare staffing and total workforce solutions provider in the United States, generating revenue through a mix of transactional placement fees and recurring technology-enabled service contracts. The company’s operations are divided into three primary segments: Nurse and Allied Solutions, which provides travel and local staffing; Physician and Leadership Solutions, focusing on locum tenens and permanent executive placement; and Technology and Workforce Solutions, which offers Vendor Management Systems (VMS), Managed Services Programs (MSP), and language interpretation services. As of early 2026, AMN is aggressively pivoting toward a tech-first model, leveraging its AMN Passport mobile platform and international recruitment pipelines to offset domestic labor shortages following the 2025 divestiture of its Smart Square scheduling software. Its primary direct competitors include Aya Healthcare, Cross Country Healthcare, and Medical Solutions; AMN maintains a dominant market position by offering the industry’s most comprehensive end-to-end workforce management suite, though it faces increasing pressure from tech-disruptor models and hospital-led internal staffing pools. Originally founded in 1985 as American Mobile Nurses, the company is currently led by President and CEO Cary Grace, who joined in late 2022 after serving as CEO of Global Retirement, Investment, and Human Capital at Aon and holding senior leadership roles at Bank of America. The executive team is further anchored by Brian Scott, who serves as both Chief Financial Officer and Chief Operating Officer, and Mark Hagan, the Chief Information and Digital Officer responsible for the firm’s AI-driven recruitment automation. The company maintains high institutional ownership, exceeding 99%, and recently strengthened its governance by nominating veteran healthcare executive Eric Palmer (formerly of The Cigna Group and Evernorth) to its Board of Directors in February 2026. This leadership group is focused on a post-pandemic recovery strategy that emphasizes margin expansion through high-growth international nurse staffing and the integration of digital workforce analytics.