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Cross Country Healthcare Inc - CCRN STOCK NEWS

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.

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Cross Country Healthcare's President and CEO, John A. Martins, has been recognized on the Staffing Industry Analysts Staffing 100 list for his influential leadership. Martins is commended for his commitment to innovation, excellence, and driving digital transformation within the company.
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Cross Country Healthcare, Inc. announced financial results for Q4 and full year 2023, with revenue down 34% YoY, net income down 77%, and adjusted EBITDA down 64%. The company repurchased shares and invested in core technologies. The outlook for Q1 2024 shows a further decline in revenue and adjusted EBITDA.
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Cross Country Healthcare, Inc. (Nasdaq: CCRN) will hold its quarterly conference call to discuss its fourth quarter and full year 2023 financial results on Wednesday, February 21, 2024 at 5:00 p.m. Eastern Time. The company intends to distribute its earnings press release after market close on the same day. The call will be webcast live and can be accessed at the Company’s website or by dialing specific numbers. A replay of the webcast and conference call will also be available for a limited time.
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Cross Country Healthcare (CCRN) releases a report on leveraging clinician perspectives for workforce success, highlighting insights on healthcare provider satisfaction, motivations for locum tenens work, and the role of technology in their future careers.
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Cross Country Healthcare, Inc. (NASDAQ: CCRN) announced that Pamela K. Jung, President of Cross Country Workforce Solutions Group, has been named one of the 150 most influential women in the 2023 Staffing Industry Analysts (SIA) list. The list recognizes influential women in the Americas and internationally. Pamela has made significant contributions to Cross Country and the industry with nearly 25 years of experience, particularly in management, sales, operations, and marketing for Fortune 1000 companies.
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Cross Country Healthcare, Inc. (Nasdaq: CCRN) announced its financial results for Q3 2023. Revenue decreased by 30% YoY and 18% sequentially. Net income attributable to common stockholders was $12.8 million, a decrease of 63% YoY. Diluted EPS was $0.36, down from $0.93 in the prior year. Adjusted EBITDA was $27.2 million, a decrease of 57% YoY. The company repurchased approximately 600,000 shares of common stock. Q4 2023 guidance shows a revenue range of $400 million to $410 million, a decrease of 36% to 35% YoY.
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Cross Country Healthcare, Inc. to hold quarterly conference call on November 1, 2023 to discuss third quarter 2023 financial results.
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Cross Country Healthcare sponsors Walk to End Alzheimer’s
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FAQ

What is the current stock price of Cross Country Healthcare (CCRN)?

The current stock price of Cross Country Healthcare (CCRN) is $17.91 as of December 20, 2024.

What is the market cap of Cross Country Healthcare (CCRN)?

The market cap of Cross Country Healthcare (CCRN) is approximately 578.4M.

What is Cross Country Healthcare Inc?

Cross Country Healthcare Inc is a national leader in providing advanced healthcare workforce solutions, including staffing and talent management services.

Where is Cross Country Healthcare Inc headquartered?

The company is headquartered in Boca Raton, Florida.

What are the primary business segments of Cross Country Healthcare?

The primary business segments are Nurse and Allied Staffing, and Physician Staffing.

What services does Cross Country Healthcare offer?

The company offers temporary and permanent placements of healthcare professionals, including nurses, physicians, allied health professionals, and consultative services.

How many active contracts does Cross Country Healthcare have?

The company has more than 6,500 active contracts.

In what settings does Cross Country Healthcare operate?

The company operates in both clinical and non-clinical settings, such as acute care hospitals, nursing facilities, public and charter schools, and home care.

What recent achievements has Cross Country Healthcare made?

Recent achievements include strategic partnerships and expansions to enhance service capabilities.

How does Cross Country Healthcare help its clients?

The company assists clients in solving labor cost issues while maintaining high-quality outcomes through effective workforce solutions.

How is Cross Country Healthcare's financial condition?

The company has a robust financial condition and earns the majority of its revenue from operations within the United States.

What makes Cross Country Healthcare a key player in the industry?

With over 30 years of experience and strategic growth initiatives, Cross Country Healthcare is a key player in the healthcare staffing industry.

Cross Country Healthcare Inc

Nasdaq:CCRN

CCRN Rankings

CCRN Stock Data

578.41M
30.37M
5.59%
110.23%
8.63%
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