Why do remote interpretation volumes at Stratus Video continue to grow? AMN Healthcare answers in earnings call following Q4 and FY 2020 financial filing; hints at future M&A plans.
Ten months into the pandemic in the US, AMN describes as good value its March 2020 acquisition of video remote interpreting provider Stratus as annual EBITDA jumps to USD 39m.
AMN’s 2020 acquisition, Stratus Video, posts revenues of USD 35m in the third quarter as remote interpretation demand recovers strongly after Covid-related plunge in early Q2 2020.
AMN says video remote interpreting minutes billed by acquired Stratus Video bounced back after initial Covid hit and now exceed pre-pandemic levels.
The Slator Language Industry Job Index (LIJI), which tracks how employment activity is trending across the global language industry, rose to 109.59 in February 2020.
AMN Healthcare executives and Stratus Video COO discuss secular trends driving adoption of video remote interpreting and the rationale for AMNs’s acquisition of Stratus.
After merging with US rival InDemand Interpreting, Florida-based remote interpreting company Stratus Video agrees to sell to AMN Healthcare for USD 475m.
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