Welcome to our dedicated page for Cross Country Healthcare news (Ticker: CCRN), a resource for investors and traders seeking the latest updates and insights on Cross Country Healthcare stock.
Cross Country Healthcare Inc (CCRN), headquartered in Boca Raton, Florida, is a national leader in providing advanced healthcare workforce solutions. With over 30 years of experience, the company is dedicated to placing highly qualified nurses, physicians, and allied health professionals. The core of Cross Country Healthcare’s business revolves around assisting clients in solving labor cost issues while maintaining high-quality outcomes.
Cross Country Healthcare operates in two primary business segments:
- Nurse and Allied Staffing: This segment generates a significant portion of the company's revenue. It offers temporary and permanent placements of travel and local nurses, allied professionals, and other outsourcing services.
- Physician Staffing: This segment provides licensed practitioners across various specialties, including certified registered nurse anesthetists (CRNAs), nurse practitioners (NPs), and physician assistants (PAs) on temporary assignments.
The company’s services extend to both clinical and non-clinical settings, including acute care hospitals, physician practice groups, nursing facilities, public and charter schools, rehabilitation and sports medicine clinics, government facilities, and home care. Through a network of more than 70 branch office locations and national staffing teams, Cross Country Healthcare supports over 6,500 active contracts.
Recent achievements include strategic partnerships and expansions that enhance their service capabilities. Their consultative services and total talent management solutions are designed to meet the evolving needs of healthcare customers, ensuring efficient and effective workforce management.
Financially, Cross Country Healthcare earns the majority of its revenue from operations within the United States. The company’s robust financial condition and strategic growth initiatives position it as a key player in the healthcare staffing industry.
Cross Country Healthcare (CCRN) has announced that two of its executives, Susan E. Ball and Pamela K. Jung, have been recognized in Staffing Industry Analysts' Global Power 150 – Women in Staffing List. This prestigious list highlights influential women in the staffing industry, with Ball serving as Executive VP and General Counsel, and Jung as President of Cross Country Workforce Solutions Group. The recognition underscores CCRN's commitment to leadership diversity and excellence in workforce solutions, positively impacting its culture and operations.
Cross Country Healthcare (Nasdaq: CCRN) will participate in the BofA Securities Virtual Home Care 2021 Conference on December 6-7, 2021. CEO Kevin C. Clark and President Pamela Jung will present a fireside chat on December 6 from 2:50 PM to 3:30 PM. Following this, Mr. Clark and William J. Burns, CFO, will engage in one-on-one investor meetings. Cross Country Healthcare specializes in total talent management and has received numerous accolades for its service quality, including being recognized among the top employers for women.
Cross Country Healthcare, a leader in workforce solutions, has established a new Clinical Quality Council aimed at enhancing healthcare standards and practices. The council, consisting of clinical leaders including Hank Drummond and Liz Cantwell, will provide insights on national standards and guide the organization in achieving clinical excellence. Its mission includes advising clients on talent retention and process effectiveness while leveraging analytics and new regulations. This initiative signals Cross Country's commitment to improving patient care and supporting healthcare facilities.
Cross Country Healthcare announced strong Q3 2021 results with revenue of $374.9 million, a 93% increase year-over-year and 13% sequential growth. Net income surged to $23.4 million, while diluted EPS rose to $0.62. Adjusted EBITDA reached $30.1 million, marking a 250% year-over-year increase. Year-to-date revenue surpassed $1 billion for the first time, reflecting robust growth across all segments. For Q4 2021, the company projects revenue between $580 million and $590 million, representing a 169% to 174% year-over-year increase.
Cross Country Healthcare (CCRN) has announced its participation in the Credit Suisse 30th Annual Virtual Healthcare Conference scheduled for November 8-11, 2021. Key executives, including William J. Burns, Executive Vice President & CFO, and John Martins, Group President Delivery, will hold one-on-one investor meetings. No formal presentation is planned. Cross Country Healthcare is recognized for its excellence in talent management and was awarded the Best of Staffing® Award for multiple years, highlighting its commitment to high-quality service and diversity initiatives.
Cross Country Healthcare, Inc. (CCRN) will host a quarterly conference call on November 3, 2021, at 5:00 p.m. Eastern Time to discuss its third quarter 2021 financial results. Earnings press release will be distributed post-market closure on the same day. The call can be accessed via the Company’s website or by phone. A replay will be available until November 17, 2021. Cross Country Healthcare offers strategic workforce solutions and has over 35 years of industry expertise, having earned multiple awards for service excellence and workplace culture.
Cross Country Healthcare, Inc. has published its 2020 Corporate Social Responsibility (CSR) Report, highlighting its commitment to community engagement, diversity, and environmental sustainability. Key initiatives include establishing industry pricing guidelines during the COVID-19 pandemic, providing 24/7 support for healthcare workers, and enhancing workforce diversity with 25% female and 13% minority directors. The company aims to drive climate action through reduced resource use and a new remote workforce model. For complete details, see the full CSR report here.
Cross Country Healthcare, Inc. (Nasdaq: CCRN) is set to participate in the 14th Annual Barrington Research Virtual Fall Investment Conference on September 9, 2021. CEO Kevin C. Clark and CFO William J. Burns will engage in one-on-one investor meetings, although no formal presentation is planned. With over 35 years of experience, Cross Country Healthcare is a leader in total talent management for healthcare, providing strategic workforce solutions and staffing services. The company has received multiple accolades for service quality and continues to emphasize diversity and inclusion in its corporate strategy.
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