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) has appointed Craig Hoven as the new Senior Vice President and Managing Consultant of Cejka Search, its executive search division. Hoven brings over 20 years of healthcare staffing leadership experience, crucial during a time of executive movements in the industry. His role will involve leading executive searches and managing candidate placements, enhancing the firm's ability to meet the demands of healthcare facilities. Cross Country Healthcare continues its commitment to high-quality staffing solutions and has received numerous accolades for its workplace culture and commitment to diversity.
Cross Country Healthcare, Inc. (Nasdaq: CCRN) will hold its quarterly conference call on August 3, 2022, at 5:00 p.m. ET to discuss second quarter financial results, with earnings press release available after market close on the same day. The call will be accessible via the Company's website and by phone. The company is a leader in workforce solutions, staffing, and advisory services, recognized for its high-quality patient care and commitment to diversity. It has received multiple awards for its workplace culture and innovation, enhancing its reputation in the staffing industry.
Cross Country Healthcare (NASDAQ: CCRN) has published its 2021 Corporate Social Responsibility (CSR) report, emphasizing its commitment to governance, social equity, and environmental sustainability. Key highlights include maintaining the ISS Highest Quality Score, increasing minority hires, and improving its Bloomberg Gender-Equality Index score by 10 percentage points. The company has also earned the 2021 Top Workplace Award for Diversity, Equity & Inclusion and contributed $25,000 to support nursing students. These initiatives align with its values and aim for sustained growth while fostering community impact.
Cross Country Healthcare has launched the Cross Country Healthcare Nursing Scholarship Fund in partnership with the National Black Nurses Association. This initiative will provide two annual scholarships to eligible NBNA members pursuing a BSN or higher. The company, recognized for its commitment to diversity and health equity, aims to support underrepresented groups in healthcare education. CEO John A. Martins emphasized the company's dedication to improving healthcare access and quality for all communities.
Cross Country Healthcare, a leader in workforce solutions, has received the 2022 Top Workplaces Culture Excellence Award for Leadership and Innovation. This honor recognizes organizations that inspire employee confidence and embed innovation into their culture. The award is based on a survey conducted by Energage, which evaluated over 20 million employees across various organizations. CEO John A. Martins emphasized the company’s commitment to creating a digital-first, innovative work environment, reinforcing its status as an employer of choice.
Cross Country Healthcare (NASDAQ: CCRN) will participate in two upcoming conferences. The first is the Benchmark 2022 Healthcare House Call Virtual Conference on June 2, 2022, featuring one-on-one meetings with executives including William J. Burns and Josh Vogel. The second event is the Jefferies 2022 Healthcare Conference from June 8-10, 2022, where CEO John Martins, Burns, and Vogel will also engage in investor meetings. Cross Country Healthcare is recognized for its staffing solutions and commitment to diversity and quality in patient care.
Cross Country Healthcare (Nasdaq: CCRN) reported robust financial results for Q1 2022, achieving record revenue of $788.7 million, a remarkable 140% increase year-over-year. Adjusted EBITDA hit $97.4 million (12.3% margin), reflecting a 264% rise. Net income rose to $62.0 million, up 219% from the previous year. Despite this, diluted EPS fell to $1.63, a 20% decline from Q4 2021. The company also expanded its credit facility to $300 million, positioning itself for growth as it navigates a post-COVID market.
Cross Country Healthcare announced a new study titled "Vendor Management Systems: The Lifeline Healthcare Systems Need Now," which surveyed over 150 healthcare leaders about the usage of Vendor Management Systems (VMS) for staffing. The study reveals that while 40% currently use a VMS, 31% are unsure if they do, and 29% do not use one. Key benefits of VMS highlighted include data security (57%), improved processes (49%), and reduced time to fill positions (38%). The global Healthcare IT market is projected to reach
Cross Country Healthcare, Inc. (Nasdaq: CCRN) announced its participation in the BofA Healthcare Conference from May 10-12, 2022, at the Encore at Wynn, Las Vegas. The President & CEO, John Martins, along with CFO William J. Burns, will engage in a fireside chat on May 10 at 5:20 p.m. Eastern Time. An audio webcast of the event will be accessible on the Company’s website in the Investor Relations section under 'Events and Presentations.' Cross Country Healthcare is recognized for its exceptional staffing solutions and has won multiple awards for service and workplace quality.
Cross Country Healthcare, Inc. (CCRN) will hold a quarterly conference call to discuss its Q1 2022 financial results on May 4, 2022, at 5:00 PM ET. The earnings press release will be available post-market on the same day. Interested parties can access the live call via the company’s website or by phone. A replay will be available from May 4 to May 18. Cross Country Healthcare provides workforce solutions and staffing in healthcare, boasting 35 years of experience and recognition for exceptional service quality.
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