Cross Country Healthcare Inc - CCRN STOCK NEWS

Cross Country Healthcare (CCRN) has announced its sponsorship of the 2022 Walk to End Alzheimer's in South Florida, scheduled for November 13. The event aims to honor individuals affected by Alzheimer's disease, with the Promise Garden ceremony highlighting the organization's commitment to research and support for caregivers. With over 6 million Americans living with Alzheimer's, the company emphasizes the importance of community partnerships in fighting this disease. CCRN has a strong commitment to corporate social responsibility, focusing on diversity and inclusion.

Cross Country Healthcare (NASDAQ: CCRN) has launched a new digital platform enhancing job search experiences for healthcare professionals. The updated CrossCountry.com offers features like nurse licensure resources, travel guides, and pay-rate transparency. This initiative aims to modernize staffing processes, improve candidate sourcing, and provide a seamless job application experience. The platform reflects the company's commitment to delivering top-tier service and optimizing client-candidate interactions in the healthcare recruitment sector.

Cross Country Healthcare (CCRN) has become a corporate sponsor for Conservation Florida's This Brand Saves Land campaign, aimed at promoting land conservation in Florida. The initiative addresses the state's rapid growth and land loss due to development, emphasizing the need for sustainable management of natural resources. This partnership reflects Cross Country's commitment to social and environmental responsibility, as stated by CEO John A. Martins. The company will contribute to protecting Florida's wildlife, landscapes, and agricultural areas, supporting the mission of Conservation Florida.

Cross Country Healthcare (NASDAQ: CCRN) has announced its upcoming Investor Day event scheduled for the morning of September 14, 2022. Interested attendees can contact Josh Vogel, Vice President of Investor Relations, to coordinate attendance, as space is limited. The event will be available via live webcast and will later be accessible for replay on the Company’s Investor Relations website. With 36 years in the industry, Cross Country Healthcare focuses on providing high-quality workforce solutions and patient care, recognized for its commitment to diversity and excellence.

Cross Country Healthcare (CCRN) has announced a new stock repurchase program, authorizing up to $100 million for purchasing common stock. This initiative is effective immediately and complements any remaining shares from the previous plan. Repurchases may occur in open markets or through private transactions, subject to the Company's financial conditions and market factors. The program remains flexible, allowing the Company to discontinue it at any time.

Cross Country Healthcare (CCRN) announced its participation in the 15th Annual Barrington Research Virtual Fall Conference on September 8, 2022. Key executives, including President John Martins and CFO William J. Burns, will engage in one-on-one investor meetings, although no formal presentation will be given. The company is renowned for its innovative workforce solutions in the healthcare sector, recognized for its commitment to high-quality service and diversity. CCRN has received multiple accolades, including the Top Workplaces USA award.

Cross Country Healthcare (Nasdaq: CCRN) announced robust financial results for Q2 2022, reporting $753.6 million in revenue, a 127% year-over-year increase, despite a 4% sequential decline. Net income surged to $52.9 million, up 358% from the prior year, while diluted EPS reached $1.40. The company experienced a notable 244% increase in adjusted EBITDA, totaling $83.5 million. A strong demand for staffing and the launch of the new Intellify platform underscore its growth trajectory. However, Q3 guidance indicates potential revenue decline of 20%-18% sequentially.

Cross Country Healthcare (CCRN) released a survey revealing a significant gap in awareness regarding at-home care options for seniors aged 50-79. Despite a preference for at-home care, 91% of respondents haven't researched their future care needs. Low awareness of programs like PACE and LIFE was noted, with 80% unaware of these services. The aging population is expected to rise, with Medicare enrollment projected to reach 78 million by 2030. The study emphasizes the need for improved financial planning and access to essential services like transportation and medical care.