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Cross Ctry Healthcare Inc - CCRN STOCK NEWS

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Company Overview

Cross Country Healthcare Inc is a renowned provider of total talent management services, specializing in healthcare workforce solutions designed to address the dual challenges of cost efficiency and high-quality service delivery. With over 30 years of industry experience, the company has built its reputation through a comprehensive approach that integrates strategic workforce planning, contingent staffing, permanent placement, and consultative services for a broad range of healthcare customers. Incorporating key industry keywords such as "healthcare staffing", "talent management", and "workforce solutions", Cross Country Healthcare supports a diverse client portfolio ranging from acute care hospitals to physician practice groups and nonclinical facilities.

Business Segments and Services

The company’s operations are structured across two primary business segments:

  • Nurse and Allied Staffing Segment: This segment is the cornerstone of the business, providing temporary and permanent placements for travel and local nurses along with allied health professionals. The segment also offers outsourcing services aimed at optimizing workforce allocations and reducing operational labor costs. Through an extensive network of national staffing teams, Cross Country Healthcare effectively meets the dynamic demands of its clients in clinical settings including rehabilitation centers, sports medicine clinics, and government facilities.
  • Physician Staffing Segment: Focused on offering specialized placement services, this segment supplies licensed practitioners across various medical specialties. It caters to healthcare institutions in need of temporary assignments for physicians, certified registered nurse anesthetists (CRNAs), nurse practitioners (NPs), and physician assistants (PAs). In addition to contingent staffing, the company provides retained search services for healthcare executives, ensuring that critical leadership roles are filled with top-tier professionals.

Operational Reach and Clientele

Headquartered in Boca Raton, Florida, Cross Country Healthcare Inc has a significant nationwide footprint, with an expansive network of branch office locations that ensures prompt response to client needs across diverse geographical regions. The company’s operational model is founded on long-term expertise and a deep understanding of the healthcare industry landscape. Its client base spans various settings, including acute care hospitals, nursing facilities, public and charter schools, and even specialized clinics in sports medicine and rehabilitation. This diversity in clientele underscores the company’s ability to adapt and provide tailored workforce solutions that meet specific client requirements.

Market Position and Industry Impact

Within an increasingly competitive healthcare industry, Cross Country Healthcare has distinguished itself by developing a business model that mitigates labor cost challenges while maintaining high standards of care. Its robust network and strategic approach allow the company to offer comprehensive staffing solutions that address both immediate workforce shortages and longer-term talent management needs. This duality in service offerings positions the company as an authoritative resource for institutions seeking to balance cost-effective operations with quality healthcare delivery. Investors and industry analysts recognize this balanced approach as it reflects deep industry insight, operational efficiency, and an unwavering commitment to addressing the intricate demands of modern healthcare environments.

Expertise, Experience, and Integrated Approach

With decades of industry experience, Cross Country Healthcare Inc demonstrates a clear commitment to excellence through its integration of advanced staffing methodologies and consultative expertise. The company’s detailed understanding of healthcare operations enables it to design and implement workforce strategies that are both agile and robust. By consistently deploying a combination of seasoned industry professionals and cutting-edge staffing technology, the firm ensures that its clients receive customized solutions that streamline operations and drive quality outcomes. This intricate balance of experience and innovation reinforces the company’s value proposition and its role as a trusted partner in the healthcare staffing industry.

Frequently Asked Questions

As a comprehensive provider of healthcare workforce solutions, Cross Country Healthcare addresses several key concerns:

  • How does Cross Country Healthcare address labor cost challenges while maintaining quality?
  • What distinguishes the nurse and allied staffing services from the physician staffing offerings?
  • How does the company ensure the high quality and suitability of its staffing placements?
  • What range of healthcare settings does the company serve?
  • How is Cross Country Healthcare positioned within the competitive landscape of healthcare staffing?
  • What are the key factors behind its extensive national operational network?

The breadth and depth of these questions underscore the company’s commitment to providing clear, expert insights into its operations and service offerings.

Conclusion

In summary, Cross Country Healthcare Inc offers a comprehensive suite of staffing solutions that encompass both contingent and permanent placements across diverse healthcare settings. By leveraging decades of industry experience and a vast network of professional experts, the company delivers tailored workforce strategies that not only address immediate staffing challenges but also support long-term operational efficiency and quality care. The detailed integration of healthcare staffing, workforce solutions, and consultative service makes Cross Country Healthcare a significant force in the healthcare talent management space. Its operational model and diversified client base continue to provide a solid foundation for understanding its role within the competitive healthcare industry.

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Cross Country Healthcare, Inc. (Nasdaq: CCRN) will discuss its first quarter 2024 financial results in a conference call on May 1, 2024. The earnings press release will be distributed after market close. Investors can access the webcast or dial in to listen to the call.
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Cross Country Healthcare, Inc. (CCRN) to participate in the Oppenheimer 34th Annual Healthcare Med-Tech & Services Conference. Key executives to engage in virtual investor meetings.
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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 Ctry Healthcare (CCRN)?

The current stock price of Cross Ctry Healthcare (CCRN) is $14.33 as of April 11, 2025.

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

The market cap of Cross Ctry Healthcare (CCRN) is approximately 476.6M.

What core services does Cross Country Healthcare Inc provide?

The company offers comprehensive talent management services, including temporary and permanent staffing solutions for nurses, allied health professionals, and physicians, as well as consultative workforce planning.

How is the company organized in terms of business segments?

Cross Country Healthcare operates through two primary segments: the nurse and allied staffing segment and the physician staffing segment, each catering to different aspects of healthcare workforce needs.

What sets the nurse and allied staffing segment apart?

This segment focuses on the placement of travel and local nurses along with allied health professionals, providing flexible solutions that help institutions manage labor costs while maintaining service quality.

How does the physician staffing segment operate?

It supplies licensed practitioners across a range of specialties on a temporary basis, including CRNAs, NPs, and PAs, along with offering retained search services for healthcare executives.

What types of healthcare facilities benefit from their services?

The company serves a diverse clientele including acute care hospitals, nursing facilities, physician practice groups, schools, and specialized clinics, ensuring tailored staffing solutions for each setting.

How does Cross Country Healthcare maintain quality in its placements?

Leveraging decades of industry experience and a robust network of branch offices, the company employs rigorous screening and matching processes to ensure high-quality placements that meet client needs.

What distinguishes Cross Country Healthcare within the competitive healthcare staffing market?

Its integrated approach of combining temporary and permanent staffing with consultative services, supported by a national network and deep industry expertise, positions it as a reliable partner for comprehensive workforce solutions.

In which regions does the company operate?

Headquartered in Boca Raton, Florida, Cross Country Healthcare maintains a substantial national presence with multiple branch offices strategically located to cover a wide range of healthcare markets.
Cross Ctry Healthcare Inc

Nasdaq:CCRN

CCRN Rankings

CCRN Stock Data

476.60M
30.91M
5.57%
99.05%
7.4%
Medical Care Facilities
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United States
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