AMN Healthcare Services, Inc. Announces $100 Million Stock Repurchase Program.

Business Editors & Health/Medical Writers

SAN DIEGO--(BUSINESS WIRE)--Nov. 12, 2002

AMN Healthcare Services, Inc. (NYSE:AHS) announced today that the Company's Board of Directors has authorized the repurchase of up to $100 million of its Common Stock, from time to time through December 31, 2003, in open market or privately negotiated transactions.

The stock repurchase is subject to prevailing market conditions and other considerations, including limitations under applicable securities laws.

AMN Healthcare's President and Chief Executive Officer, Steven C. Francis, stated, "Given the substantial decline in the market price of our Common Stock over the last few months, the Company believes that the purchase of its stock represents a very attractive investment and a very effective utilization of our cash."

Representatives of HWH Capital Partners, L.P., HWH Nightingale Partners, L.P., HWP Nightingale Partners II, L.P., and HWP Capital Partners II, L.P., (collectively, the "Haas Wheat Partnerships") have advised the Company that none of the Haas Wheat Partnerships intend to sell any of their shares to the Company as part of the stock repurchase program. The Haas Wheat Partnerships own 17,666,300 shares of Common Stock and collectively are the largest stockholder of the Company.

AMN Healthcare Services, Inc. is the largest nationwide provider of travel healthcare staffing services. The Company recruits nurses and allied health professionals nationally and internationally and places them on temporary assignments, typically for 13 weeks, at acute-care hospitals and healthcare facilities throughout the United States.

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends" and similar expressions. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals are also forward-looking statements. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in, or implied by, such statements. Additional risks are discussed in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2001.