Cross Country Healthcare Sets the Record Straight on VDA OC Indictment Report:

Rhea-AI Summary

Cross Country Healthcare, Inc. (NASDAQ: CCRN) has denied media reports claiming its involvement in an antitrust investigation targeting VDA OC and a former employee. The allegations against VDA OC do not pertain to Cross Country Healthcare or its executives. Susan Ball, EVP and General Counsel, confirmed the inaccuracies and stated that they are seeking corrections from the media. The indictment relates to events from October 2016 to July 2017, prior to Cross Country Healthcare's acquisition of VDA OC.

Positive

• Cross Country Healthcare maintains a strong reputation by refuting inaccurate media claims.
• The company is proactive in addressing misinformation that could impact its stock performance.

Negative

• None.

Cross Country Healthcare, Inc. (NASDAQ: CCRN), today is refuting media reports which erroneously state that a subsidiary and an executive of Cross Country Healthcare were charged in an ongoing US Department of Justice antitrust probe. The charges against this individual and VDA OC do not involve Cross Country Healthcare or any of its executives, subsidiaries or divisions.

“Recent media reports inaccurately suggest that Cross Country Healthcare is involved in the charges brought last night against VDA OC and its former employee,” said Susan Ball, EVP, CAO and General Counsel. “We are immediately requesting a correction with media that have inaccurately included our company in the reporting on this.”

On March 30, a former employee of VDA OC, and VDA OC were indicted on conspiracy charges in violation of antitrust laws. As the Department of Justice release indicates, these events occurred October 2016 until July 2017 which was prior to the Cross Country Healthcare acquisition.

About Cross Country Healthcare

Cross Country Healthcare, Inc. (CCH) is a leader in providing total talent management including strategic workforce solutions, contingent staffing, permanent placement and other consultative services for healthcare clients. Leveraging nearly 35 years of expertise and insight, CCH solves complex labor-related challenges for clients while providing high-quality outcomes and exceptional patient care. As a multi-year Best of Staffing® Award winner, CCH is committed to excellence in delivery of its services and was the first public company to earn The Joint Commission Gold Seal of Approval® for Health Care Staffing Services Certification with Distinction.

Copies of this and other news releases as well as additional information about Cross Country Healthcare can be obtained online at www.crosscountryhealthcare.com. Shareholders and prospective investors can also register to automatically receive the Company's press releases, SEC filings and other notices by e-mail.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210331005642/en/

FAQ

What did Cross Country Healthcare say about recent antitrust charges?

Cross Country Healthcare stated that recent media reports inaccurately associate it with antitrust charges against VDA OC and its former employee.

Are the charges against VDA OC related to Cross Country Healthcare?

No, the charges against VDA OC and its former employee do not involve Cross Country Healthcare or its executives.

What is the timeline of the events related to the antitrust charges?

The indictment against VDA OC and its former employee is related to events that occurred from October 2016 to July 2017, prior to Cross Country Healthcare's acquisition of VDA OC.

How is Cross Country Healthcare addressing misinformation?

Cross Country Healthcare is actively seeking corrections from media outlets that have misreported their involvement in the antitrust charges.