M&A Deal Summary

AMN Healthcare Services Acquires Stratus Video Interpreting

On January 29, 2020, AMN Healthcare Services acquired internet software and services company Stratus Video Interpreting from Kinderhook Industries for 475M USD

Acquisition Highlights
  • This is AMN Healthcare Services’ 2nd transaction in the Internet Software and Services sector.
  • This is AMN Healthcare Services’ largest (disclosed) transaction.
  • This is AMN Healthcare Services’ 18th transaction in the United States.
  • This is AMN Healthcare Services’ 2nd transaction in Florida.

M&A Deal Summary

Date 2020-01-29
Target Stratus Video Interpreting
Sector Internet Software and Services
Buyer(s) AMN Healthcare Services
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition
Deal Value 475M USD
Advisor(s) Evercore Group (Financial)
Kirkland & Ellis (Legal)

Target

Stratus Video Interpreting

Clearwater, Florida, United States
Stratus Video LLC is a cloud-based video remote interpretation service that allows people to meet the growing need for language services quickly and cost-effectively. Stratus Video Interpreting was founded in 2011 and is based in Clearwater, Florida.

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Buyer(S) 1

Buyer

AMN Healthcare Services

Dallas, Texas, United States

Category Company
Founded 1985
Sector Staffing
Employees3,585
Revenue 3.8B USD (2023)
DESCRIPTION
AMN Healthcare's corporate headquarters in San Diego, California.
AMN Healthcare's corporate headquarters in San Diego, California.

AMN Healthcare Services is a provider of healthcare staffing and clinical workforce management solutions. AMN Healthcare was incorporated in 1985 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 18 of 21
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 18 of 21
State (Florida) 2 of 3
Country (United States) 18 of 21
Year (2020) 1 of 1
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 Advanced Medical Personnel Services

Port Orange, Florida, United States

Advanced Medical Personnel Services, Inc. (“AMPS”) specializes in the placement of physical therapists, occupational therapists, speech language pathologists and specialized nurses on traveling assignments to over 300 facilities nationwide, which include nursing homes, hospitals, home health organizations and school systems.

Buy $220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 Synzi

Saint Petersburg, Florida, United States

Synzi offers a patient program management framework that combines video, email, texting, and secure messaging communication modalities for healthcare organizations to address specific patient needs easily, efficiently, and seamlessly. Synzi is based in St. Petersburg, Florida.

Buy $43M

Seller(S) 1

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 27 of 40
Sector (Internet Software and Services) 1 of 3
Type (Add-on Acquisition) 21 of 31
State (Florida) 2 of 4
Country (United States) 26 of 39
Year (2020) 1 of 4
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 Copperweld Bimetallics

Fayetteville, Tennessee, United States

Copperweld Bimetallics is a manufacturer of bimetallic wiring products and domestic producer of copper-clad steel (“CCS”) and copper-clad aluminum (“CCA”) wire. Copperweld Bimetallics was founded in 1915 and is based in Fayetteville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-12 Black Widow

Trussville, Alabama, United States

Black Widow is an OEM authorized specialty vehicle manufacturer for light-duty trucks. The Company receives new vehicles directly from the OEMs, adds specialty packages, and then sells the up-fitted vehicles to new truck dealers with a full OEM warranty. Black Widow is headquartered in Trussville, Alabama.

Sell $328M