Kinderhook Sells Synzi to AMN Healthcare

Kinderhook Industries, LLC (“Kinderhook”) today announced a definitive agreement to sell Telehealth 2017 Holdings, LLC, (“Synzi” or the “Company”) to AMN Healthcare Services, Inc. (NYSE: AMN) for a purchase price of $42.5 million.  The acquisition signed and closed on April 7^th, 2021.

Synzi, based in St. Petersburg, Florida, is a technology company that drives better patient access to care with a state-of-the-art communication platform. Synzi’s HIPAA-compliant virtual care and remote patient monitoring platforms enable organizations to conduct virtual visits and use secure messaging, text, and email for clinician-to-patient and clinician-to-clinician communications. Multiple participants can be included in virtual visits including medically-certified interpreters, referring physicians, and family caregivers.

AMN Healthcare is the leader and innovator in total talent solutions for healthcare organizations across the nation. AMN Healthcare provides access to the most comprehensive network of quality healthcare professionals through its innovative recruitment strategies and breadth of career opportunities.

Chris Michalik, Managing Director at Kinderhook, stated, “This is a great outcome for Kinderhook, Synzi and its employees.  We are very proud of the technology and relationships Synzi has built under the leadership of Lee Horner, and we expect the Company to continue to thrive as part of AMN Healthcare.”

Lee Horner, Chief Executive Officer of Synzi, said, “We are ecstatic to join the AMN Healthcare team. Our partnership with AMN positions Synzi to accelerate our existing growth strategy while enhancing patient care and outcomes on a national level.”

MTS Health Partners, L.P. acted as exclusive financial advisor to Synzi, and Kirkland & Ellis provided legal counsel. AMN received legal counsel from Sheppard Mullin.

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