Mad Money

AMN Healthcare recent acquisitions come just in time to fight coronavirus outbreak

Key Points
  • AMN Healthcare's recent acquisitions of Stratus Video and b4health are being applied to help fight the coronavirus epidemic.
  • "We quickly pivoted and added capabilities so that our clients could use that platform for COVID-19 triage purposes," CEO Susan Salka said about Stratus Video.
  • "We're working with various state associations right now to try to equip them with that technology so that they can more easily move around the very precious workforce that we have," she said about B4health.
Susan Salka, CEO of AMN Healthcare Services.
Adam Jeffery | CNBC

AMN Healthcare Services CEO Susan Salka, in a one-on-one interview with CNBC's Jim Cramer Friday, unveiled two recent acquisitions her company made and is applying in the effort to stop the spread of the deadly coronavirus.

The hospital staffing company purchased b4health in December and closed on the purchase of Stratus Video in February. The latter equipped AMN Healthcare with telehealth capabilities.

"We quickly pivoted and added capabilities so that our clients could use that platform for COVID-19 triage purposes," Salka explained, adding clinicians "wouldn't necessarily have to be in the same room with their patients and it can be used in a variety of other ways."

COVID-19 is the disease caused by the coronavirus, which originated in China and has infected more than 18,000 people and killed nearly 230 in the United States. There are more than 271,600 global cases as of Friday evening, according to data from Johns Hopkins University. 

Stratus Video is a provider of health-care video remote language interpretation services. AMN Healthcare purchased the company for $475 million. The acquisition is timely as governments around the world have put their countries on lockdown as health officials try to combat the impact of the coronavirus outbreak on their citizens, hospitals and overall economies. Shares of Teladoc Health, a virtual on-demand doctor service, have gained about 20% since the authorized expansion of telemedicine services of telemedicine services on Wednesday.

AMN Healthcare shares, meanwhile, are up less than 1% year-to-date.

The company also added b4health to its portfolio in December. B4health is a vendor management software for shift management and workflow organization. The system an match qualified staff with the institutions that need their services, Salka said.

"We're working with various state associations right now to try to equip them with that technology so that they can more easily move around the very precious workforce that we have," she said.

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