AMN Trades Near All-Time High as ‘Language Services’ Puts in Double-Digit Growth
AMN Language Services, formerly interpreting provider Stratus Video, reports solid growth in AMN Healthcare’s Q3 FY22 results.
AMN Language Services, formerly interpreting provider Stratus Video, reports solid growth in AMN Healthcare’s Q3 FY22 results.
Stratus Video parent company, AMN Healthcare, hits record highs for consolidated revenue (USD 1.55bn) and adjusted EBITDA (USD 258m); repurchases 2.3 million shares of stock.
Increased demand from new and existing clients propel remote interpreting provider Stratus Video’s “great growth” — and segment’s highest-ever quarterly revenue of USD 117m.
AMN Healthcare reports record revenues, including USD 41m from Stratus, now AMN Language Services. Remote interpreters may start using Synzi platform, acquired in April 2021.
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.
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.
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