Welcome to our dedicated page for Cross Ctry Healthcare news (Ticker: CCRN), a resource for investors and traders seeking the latest updates and insights on Cross Ctry Healthcare stock.
Cross Country Healthcare Inc (CCRN) delivers innovative workforce solutions for healthcare providers nationwide. This page aggregates all official company announcements, press releases, and market-moving developments related to its nurse staffing, physician placement, and talent management services.
Investors and industry professionals will find timely updates on CCRN's operational milestones, including earnings reports, strategic partnerships, leadership changes, and service expansions. The curated collection serves as a reliable resource for tracking the company's performance in addressing healthcare labor challenges through flexible staffing models.
Key content categories include quarterly financial results, acquisitions in the staffing sector, client partnership announcements, and regulatory updates impacting healthcare workforce management. All materials are sourced directly from company filings and verified industry publications.
Bookmark this page for streamlined access to Cross Country Healthcare's latest developments. Combine these updates with SEC filings and market analysis tools available on Stock Titan for comprehensive investment research.
Cross Country Healthcare (CCRN) reported Q4 2024 financial results with revenue of $309.9 million, down 25% year-over-year. The company posted a net loss of $3.8 million, or $0.12 per share, compared to net income of $9.0 million in the prior year.
Q4 highlights include strong performance in non-travel businesses, with Physician Staffing revenue up 13% and continued growth in Education and Homecare segments. The company maintained a robust balance sheet with $82 million cash and no debt. In 2024, CCRN repurchased over 2.4 million shares for $36.8 million.
For full-year 2024, revenue decreased 33% to $1.3 billion, with a net loss of $14.6 million. The company secured a three-year renewal with its largest managed service program and is awaiting the closing of its pending merger with Aya Healthcare, expected in H2 2024.
Cross Country Healthcare (NASDAQ: CCRN) has secured all necessary stockholder approvals for its proposed acquisition by Aya Healthcare. The transaction is expected to complete in the second half of 2025, subject to customary closing conditions outlined in the Merger Agreement. Upon completion, Cross Country will become a private company and delist from NASDAQ. BofA Securities and Davis Polk & Wardwell LLP are serving as financial and legal advisors respectively to Cross Country.
Aya Healthcare has announced the acquisition of Cross Country Healthcare for $615 million in an all-cash transaction at $18.61 per share, representing a 67% premium to Cross Country's closing price on December 3, 2024. The merger combines complementary tech-enabled workforce solutions, expanding Aya's coverage to include Cross Country's clinical services in non-clinical settings across all 50 states.
The combined entity will offer enhanced services including travel nursing, allied health, per diem, permanent staff hiring, interim leadership, and locum tenens. Cross Country will operate as a separate brand under Aya, with John A. Martins continuing as President and CEO. The transaction is expected to close in first half of 2025, subject to stockholder and regulatory approvals.
Cross Country Healthcare (NASDAQ: CCRN) announces that Susan E. Ball, Executive Vice President, Chief Administrative Officer, and General Counsel, has been named to Staffing Industry Analysts' (SIA) Global Power 150 Women in Staffing List for 2024. Ball, who has been with Cross Country for over 22 years, was recognized for her contributions to strategic governance, cost optimization, and complex legal resolutions. She was also recently honored among the top 50 global corporate counsels in the 2024 OnCon Icon Awards and is an active member of Women's Executive Leadership of South Florida.
Cross Country Healthcare (CCRN) reported Q3 2024 financial results with revenue of $315.1 million, down 29% year-over-year and 7% sequentially. The company posted net income of $2.6 million with diluted EPS of $0.08. Gross profit margin was 20.4%, declining 160 basis points year-over-year.
Notable highlights include revenue growth in Physician Staffing and Homecare Staffing segments, a three-year contract renewal with their largest managed service program, and a strong balance sheet with $64 million cash and no debt. The company repurchased over 800,000 shares for $11.9 million during the quarter.
Cross Country Healthcare (CCRN) has announced its participation in the UBS Global Healthcare Conference, scheduled for November 11-14, 2024, at the Terranea Resort Hotel in Rancho Palos Verdes, CA. The company's President & Chief Executive Officer John Martins and Vice President of Investor Relations Josh Vogel will engage in one-on-one investor meetings on November 13. The company will not deliver a formal presentation at the event.
Cross Country Healthcare (NASDAQ: CCRN) has been named in the 2024 Most Loved Workplaces® for Wellness by Newsweek and the Best Practice Institute (BPI). This recognition highlights organizations worldwide that prioritize employee well-being initiatives.
Colin McDonald, Chief Human Resource Officer of Cross Country, expressed pride in the recognition, emphasizing the company's commitment to the physical, mental, and emotional well-being of their employees. He stated that wellness is integral to Cross Country's culture, contributing to the company's success.
Cross Country Healthcare is known for its workforce solutions and tech-enabled staffing, recruitment, and advisory services. The company's core values include treating employees, healthcare professionals, and clients with respect, integrity, and decency.
Cross Country Healthcare (NASDAQ: CCRN) has released a survey highlighting the urgent need for healthcare providers to adopt digital solutions to address ongoing staffing challenges. The survey, conducted with Healthcare Innovation, reveals insights from healthcare leaders across the US on staff shortages, burnout, and the potential of technology-driven workforce management strategies.
Key findings include:
- Nearly 90% of respondents are concerned about high turnover and burnout
- 38% spend over 20 hours weekly on recruiting
- 91% find scheduling and staff planning tools helpful
- Digital staffing solutions are important for controlling costs and optimizing resources
The survey emphasizes the importance of integrated digital platforms for streamlining workforce management across all aspects, from recruitment to retention. Cross Country is leading this digital transformation, offering innovative solutions to help healthcare providers build a more resilient and adaptive workforce.
Cross Country Healthcare's CEO, John A. Martins, has been named to Newsweek's Most Loved Workplaces CEO list for 2024. This recognition, in collaboration with the Best Practice Institute (BPI), highlights leaders who create exceptional workplace cultures. The ranking is based on extensive employee surveys across various industries, focusing on areas such as Systemic Collaboration, Positive Vision of the Future, Alignment of Values, Respect, and Outstanding Achievement.
Martins expressed his honor, attributing the success to the collective efforts of the Cross Country team in creating a supportive and empowering environment. The award reflects the company's commitment to fostering a culture of innovation, collaboration, and respect. This recognition underscores Cross Country Healthcare's position as a leading provider of workforce solutions and tech-enabled staffing, recruitment, and advisory services.
Cross Country Healthcare (NASDAQ: CCRN) has been certified as a Most Loved Workplace® for 2024 by the Best Practice Institute (BPI). This recognition, received for the second year, highlights the company's dedication to creating a workplace where employees feel valued and inspired. The certification is based on BPI's Spark Model, which evaluates areas such as collaboration, vision, values alignment, respect, and achievement.
John A. Martins, President and CEO of Cross Country, emphasized the company's commitment to exceeding expectations and ensuring employees thrive. Louis Carter, CEO of BPI, noted that Cross Country's certification reflects its focus on employee well-being and satisfaction in a competitive job market. Cross Country Healthcare is a tech-enabled workforce solutions provider with 38 years of industry experience, offering data-driven insights to help clients address complex labor-related challenges.
