Welcome to our dedicated page for Cross Ctry Healthcare news (Ticker: CCRN), a resource for investors and traders seeking the latest updates and insights on Cross Ctry Healthcare stock.
Cross Country Healthcare (CCRN) operates in the healthcare staffing sector, where news often centers on workforce trends, mergers and acquisitions, and quarterly financial performance. The company's news flow reflects broader dynamics in the medical staffing industry, including hospital labor demand, nursing workforce availability, and strategic initiatives to expand service capabilities.
Recent developments have included significant corporate events such as merger discussions with other healthcare staffing companies, executive leadership transitions, and quarterly earnings reports that reveal how seasonal patient volumes and hospital budgets affect staffing demand. These announcements provide insight into the cyclical nature of healthcare workforce needs and how staffing companies navigate changing market conditions.
For investors tracking Cross Country Healthcare, news typically covers financial results showing revenue trends across nursing, physician, and allied health divisions. The company's earnings releases often discuss gross margins, billable hours, and contract renewal rates—metrics specific to the staffing business model. Material events filed with the SEC may reveal strategic decisions about acquisitions, divestitures, or changes in business segments.
Healthcare staffing companies face unique news drivers including regulatory changes affecting professional licensing, multi-state practice compacts, hospital reimbursement policies, and labor market shifts. Cross Country Healthcare's announcements reflect these industry-specific factors, making its news particularly relevant for those following the healthcare services sector rather than direct patient care providers.
Cross Country Healthcare announced that Kevin C. Clark, its CEO and Co-Founder, has been named to the Staffing 100 list by Staffing Industry Analysts for the third consecutive year. Under Clark's leadership since rejoining in January 2019, the company has more than doubled its revenue on an organic basis and completed two acquisitions. He will transition to Chairman of the Board, continuing to provide strategic direction. The Staffing 100 list honors individuals who significantly influence the staffing industry.
Cross Country Healthcare (Nasdaq: CCRN) reported robust fourth quarter and full-year 2021 results, with revenue reaching $640.7 million, a 197% increase from Q4 2020. For the year, total revenue was $1.68 billion, up 100%. Net income soared to $77.6 million, up from $4.6 million year-over-year. Diluted EPS was $2.07, compared to $0.13. Despite strong growth, gross profit margin declined to 23.0%. The company's outlook for Q1 2022 projects revenues between $740 million and $750 million, representing a 125%-128% year-over-year increase.
Cross Country Healthcare (NASDAQ: CCRN) has promoted Colin McDonald from Senior Vice President of Human Resources to Chief Human Resources Officer. With over 20 years of HR experience, McDonald has significantly impacted talent development and business strategy. CEO Kevin C. Clark praised McDonald's leadership in enhancing diversity, inclusion, and corporate culture. McDonald also leads the employee engagement initiative and is part of the executive team. Cross Country Healthcare specializes in workforce solutions and is recognized for its commitment to quality service and diversity initiatives.
Cross Country Healthcare, Inc. (NASDAQ: CCRN) will present at the Oppenheimer 32nd Annual Virtual Healthcare Conference on March 16, 2022, at 2:00 p.m. Eastern Time. Key executives, John Martins and William J. Burns, will represent the company. Interested parties can access the audio webcast and presentation on the company's website under the Investor Relations section. Cross Country Healthcare is renowned for its staffing solutions and commitment to exceptional patient care, having received numerous industry accolades.
Cross Country Healthcare (NASDAQ: CCRN) announced it received several 2022 Best of Staffing Awards from ClearlyRated, reflecting industry-leading service quality based on client and candidate ratings. Less than 2% of staffing agencies in the U.S. and Canada earn this distinction. The awards include the Talent Award and Client Award for various subsidiaries, demonstrating Cross Country's commitment to exceptional service during challenging times. The company aims to positively impact healthcare and education sectors through strong partnerships and high service levels.
Cross Country Education, a division of Cross Country Healthcare (NASDAQ: CCRN), has acquired the assets of Selected, a cloud-based talent platform that connects educators with schools. This acquisition enhances Cross Country's digital transformation strategy while addressing severe educator shortages exacerbated by the COVID-19 pandemic. Selected's platform will improve hiring processes for schools, providing access to over 50,000 educators. This move aims to foster a sustainable pipeline of qualified teachers, furthering Cross Country's commitment to supporting the education sector.
Cross Country Healthcare, Inc. (CCRN) will host a quarterly conference call on February 23, 2022 at 5:00 p.m. ET to discuss its fourth quarter and full year 2021 financial results. The earnings press release will be distributed after market close on the same date. Interested parties can access the live webcast on the Company’s website or by calling specified numbers, with replays available through March 9, 2022.
CCRN specializes in total talent management and has garnered numerous awards for service quality and workplace inclusion.
Cross Country Healthcare has announced a leadership transition, with
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