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, Inc. (CCRN) will hold its quarterly conference call to discuss its first quarter 2023 financial results on May 3, 2023 at 5:00 p.m. Eastern Time. The earnings press release will be distributed after market close on the same day. Investors can access the live webcast and call by dialing 888-566-1290 (U.S.) or 773-799-3776 (international), using the passcode 'Cross Country'. A replay of the call will be available until May 17, 2023. Cross Country Healthcare, a tech-enabled workforce solutions firm, has over 36 years of industry experience, providing staffing solutions while maintaining high-quality patient care. The company has received numerous awards, including being recognized for diversity and inclusion.
Cross Country Healthcare (Nasdaq: CCRN) reported its Q4 and full-year financial results for 2022. Q4 revenue was $628.2 million, declining 2% YoY, with a gross profit margin of 22.1%, down 90 bps. Net income fell 50% to $38.8 million, leading to a diluted EPS of $1.05. For the year, revenue reached $2.8 billion, up 67%, with net income at $188.5 million, translating to a diluted EPS of $5.02. The company experienced significant growth in physician staffing (up 84% YoY) but a decline in nurse and allied staffing revenue. Looking forward, Q1 2023 guidance suggests revenue of $590-$600 million, reflecting a 25%-24% decrease from Q1 2022.
Cross Country Healthcare (NASDAQ: CCRN) announced that its CEO John A. Martins has been named to the Staffing Industry Analysts' (SIA) Staffing 100 list, honoring 100 influential leaders in the staffing industry. This recognition highlights Martins' impact in driving Cross Country's digital transformation and innovative workforce solutions since he became CEO in 2022. Cross Country Healthcare is known for addressing complex labor challenges in healthcare and has a strong commitment to diversity, equity, and inclusion.
Cross Country Healthcare (Nasdaq: CCRN) announced its participation in two virtual investor conferences. The Loop Capital Markets 2023 Investor Conference is set for March 13, 2023, where CEO John Martins and CFO William J. Burns will engage in virtual one-on-one meetings. Additionally, the Oppenheimer 33rd Annual Healthcare Conference will occur from March 13-15, 2023, with meetings on March 15. Cross Country Healthcare is a leading workforce solutions firm with over 36 years of experience, recognized for high-quality service and innovative staffing solutions. The company is also noted for its commitment to diversity and inclusion.
Cross Country Healthcare, Inc. (NASDAQ: CCRN) will hold its quarterly conference call on February 22, 2023, at 5:00 p.m. ET to discuss its fourth quarter and full year 2022 financial results. The earnings press release will be available after market close on the same day. The call can be accessed via their website or by phone. Cross Country Healthcare is recognized for solving labor-related challenges in healthcare, winning multiple awards for staffing excellence and workplace diversity. The firm has a strong focus on corporate social responsibility, ensuring high-quality outcomes and exceptional patient care.
Cross Country Healthcare, Inc. (NASDAQ: CCRN) announced the appointment of Eric Christianson as SVP of Intellify Solutions effective January 9, 2023. Christianson, who has nearly 20 years of experience in digital transformation, will report to Dan White, Chief Commercial Officer. His previous role was President of Digital Transformation at Triage Staffing. The company's CEO, John A. Martins, stated that Christianson will enhance their technological strategy, improving labor management efficiencies and client services.
Cross Country Healthcare (NASDAQ: CCRN) has appointed Dwayne L. Allen to its Board of Directors, effective January 3, 2023. Allen, a seasoned IT and digital executive with over 25 years of experience, previously held senior roles at Unisys and Microsoft. His expertise in digital innovation and analytics is expected to enhance the company's strategic growth. CEO John A. Martins expressed excitement about Allen's insights furthering their digital strategy aimed at improving services for clients and professionals.
Cross Country Healthcare, Inc. (NASDAQ: CCRN) announced the acquisition of Hireup Leadership Inc., an interim leadership firm based in Santa Barbara, California. This strategic acquisition aims to enhance Cross Country's talent management capabilities in the healthcare sector. Hireup specializes in recruiting healthcare leaders across various domains, including nursing and finance. The integration of Hireup is expected to expand Cross Country's network and address complex workforce challenges in the healthcare environment, solidifying its market position.
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