SAN DIEGO, Feb. 22 AMN Healthcare Services, Inc.(NYSE: AHS), the nation's largest healthcare staffing company, announced todaythat Steven C. Francis, co-founder and Chairman of AMN Healthcare, will not bestanding for re-election at the Company's annual shareholder meeting onApril 9, 2008.
Mr. Francis and his wife, Gayle, co-founded AMN Healthcare in 1985. He hasbeen a director of AMN Healthcare since its inception and has helped drive thevision and strategy of the company through an evolving career as co-founder,president, chief executive officer, executive chairman and, today, Chairman ofAMN Healthcare.
"AMN Healthcare has grown to become a world-class leader in healthcarestaffing and I truly believe that we have and will continue to contribute tothe improvement and quality of healthcare delivery nationwide," said Francis,Chairman of the Board. "Gayle and I are extremely proud of AMN Healthcare andvery appreciative for the talents of the management and team members who havecontributed to the success of the company. Many of these employees joined AMNHealthcare 10, 15 and even 20 years ago and I know they are committed tocontinuing to help build an even stronger company for the future.
"After 23 years with AMN Healthcare, I have found another cause to which Iam just as committed. I believe that once again, with the support of my wife,Gayle, we can make a difference in the community of San Diego. The mosteffective way we can help in the betterment of San Diego is by becoming Mayorof the city and assembling a first class, committed team like we did at AMNHealthcare. This commitment to the people of San Diego requires my full andundivided attention. Therefore I am choosing to not seek reelection in Aprilto the board of directors of AMN Healthcare."
AMN President and Chief Executive Officer, Susan Nowakowski commended Mr.and Mrs. Francis: "What Steve and Gayle have accomplished for AMN and thehealthcare staffing industry is truly extraordinary. On behalf of AMNHealthcare's thousands of healthcare clients and the tens of thousands ofnurses, physicians and allied professionals who have worked with us, as wellas our 2,000 corporate employees, we thank both Steve and Gayle for theirentrepreneurial leadership and commitment. They will continue to be a guidingforce and role models for setting the highest standard possible in ourindustry."
After expiration of his current term as Chairman of the Board, Franciswill be named Chairman Emeritus of AMN Healthcare. In this role, he will beavailable to provide strategic advice and counsel to the new Chairman and willcontinue to assist in representing AMN Healthcare in the community. A newChairman will be appointed after the annual shareholders' meeting in April.
This press release contains "forward-looking statements" within themeaning of Section 27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. The company basedthese forward-looking statements on its current expectations and projectionsabout future events. Actual results could differ materially from thosediscussed in, or implied by, these forward-looking statements. Forward-lookingstatements are identified by words such as "believe," "anticipate," "expect,""intend," "plan," "will," "may" and other similar expressions. In addition,any statements that refer to expectations, projections or othercharacterizations of future events or circumstances are forward-lookingstatements. Factors that could cause actual results to differ from thoseimplied by the forward-looking statements contained in this press release areset forth in the company's Annual Report on Form 10-K for the year endedDecember 31, 2006, its Quarterly Reports on Form 10-Q, and its Current Reportson F