Cross Ctry Healthcare Inc Stock Price, News & Analysis

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 John A. Martins being promoted to President and CEO effective March 31, 2022, replacing Kevin C. Clark, who will become Chairman. Martins brings nearly 20 years of healthcare leadership experience and has played a crucial role in defining the company's strategic direction. Additionally, the company raised its fourth quarter 2021 financial guidance, projecting full-year revenue of $1.67 billion, adjusted EBITDA of $161 million, and adjusted EPS of $3.03.

Cross Country Healthcare (CCRN) has announced that two of its executives, Susan E. Ball and Pamela K. Jung, have been recognized in Staffing Industry Analysts' Global Power 150 – Women in Staffing List. This prestigious list highlights influential women in the staffing industry, with Ball serving as Executive VP and General Counsel, and Jung as President of Cross Country Workforce Solutions Group. The recognition underscores CCRN's commitment to leadership diversity and excellence in workforce solutions, positively impacting its culture and operations.

Cross Country Healthcare (Nasdaq: CCRN) will participate in the BofA Securities Virtual Home Care 2021 Conference on December 6-7, 2021. CEO Kevin C. Clark and President Pamela Jung will present a fireside chat on December 6 from 2:50 PM to 3:30 PM. Following this, Mr. Clark and William J. Burns, CFO, will engage in one-on-one investor meetings. Cross Country Healthcare specializes in total talent management and has received numerous accolades for its service quality, including being recognized among the top employers for women.

Cross Country Healthcare, a leader in workforce solutions, has established a new Clinical Quality Council aimed at enhancing healthcare standards and practices. The council, consisting of clinical leaders including Hank Drummond and Liz Cantwell, will provide insights on national standards and guide the organization in achieving clinical excellence. Its mission includes advising clients on talent retention and process effectiveness while leveraging analytics and new regulations. This initiative signals Cross Country's commitment to improving patient care and supporting healthcare facilities.

Cross Country Healthcare announced strong Q3 2021 results with revenue of $374.9 million, a 93% increase year-over-year and 13% sequential growth. Net income surged to $23.4 million, while diluted EPS rose to $0.62. Adjusted EBITDA reached $30.1 million, marking a 250% year-over-year increase. Year-to-date revenue surpassed $1 billion for the first time, reflecting robust growth across all segments. For Q4 2021, the company projects revenue between $580 million and $590 million, representing a 169% to 174% year-over-year increase.