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 (Nasdaq: CCRN) will host its Q2 2024 earnings conference call on Wednesday, July 31, 2024, at 5:00 PM ET. The company will release its financial results after market close the same day. Interested parties can access the live webcast on the company's website or by phone using the provided dial-in numbers. A replay of the webcast will be available on the website until August 14, 2024, and the conference call replay will be accessible by phone with the specified passcode.
Cross Country Healthcare (Nasdaq: CCRN) announced its scheduled participation in the Citizens JMP Medical Devices and Healthcare Services Forum on June 20, 2024, at the Boston Harbor Hotel. The company's President & CEO, John Martins, and VP of Investor Relations, Josh Vogel, will engage in one-on-one investor meetings. There will be no formal presentation during the event.
Cross Country Healthcare's Chief Human Resource Officer, Colin McDonald, has been honored on the SIA’s 2024 DE&I Influencer List. This recognition celebrates leaders promoting diversity, equity, and inclusion within the workforce solutions sector. McDonald has been celebrated for his dedication to creating an inclusive workspace through initiatives like employee-led councils and diversity training programs. His influence extends beyond Cross Country as he advocates for diversity goals and advanced recruitment strategies in the broader business community. McDonald has also received multiple accolades, including being named one of the top talent acquisition leaders globally.
Cross Country Healthcare (Nasdaq: CCRN) will participate in two upcoming conferences: the William Blair 44th Annual Growth Stock Conference and the Jefferies Global Healthcare Conference.
The William Blair conference will be held in Chicago from June 4-6, 2024. John Martins, CEO, and Josh Vogel, VP of Investor Relations, will attend one-on-one investor meetings on June 4, with a formal presentation scheduled the same day from 11:20 a.m. to 11:50 a.m. CT. An audio webcast will be available on the company's website.
The Jefferies Global Healthcare Conference will take place in New York City on June 5-6, 2024. William J. Burns, CFO, and Josh Vogel will participate in one-on-one investor meetings on June 6, and a fireside chat from 11:30 a.m. to 11:55 a.m. ET. A video webcast will also be available on the company's website.
Cross Country Healthcare, Inc. (Nasdaq: CCRN) will attend Benchmark's Healthcare House Call Virtual One-on-One Investor Conference on May 21-22, 2024. William J. Burns, Executive Vice President & Chief Financial Officer, and Josh Vogel, Vice President, Investor Relations, will participate in virtual one-on-one investor meetings on Wednesday, May 22, 2024.
Cross Country Healthcare, Inc. (CCRN) announced Q1 2024 financial results, with revenue at $379.2 million, down 39% YoY and 8% sequentially. Gross profit margin was 20.4%, net income at $2.7 million, with diluted EPS at $0.08. Adjusted EBITDA was $15.3 million. Nurse and Allied Staffing revenue decreased 43% YoY, while Physician Staffing revenue increased 16% YoY. The company repurchased 0.3 million shares for $6.4 million.
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