Cross Ctry Healthcare Inc Stock Price, News & Analysis

Cross Country Healthcare (NASDAQ: CCRN) has appointed Phillip Noe as the new Chief Information Officer, succeeding Bill Halnon, who is retiring. Noe will start on May 10, 2021, and will directly report to CEO Kevin C. Clark. Noe's appointment aligns with the company's digital transformation efforts, leveraging his extensive IT background to enhance innovative technology solutions. Prior to this role, he held leadership positions in various organizations, bringing a wealth of experience in software engineering and healthcare administration.

Cross Country Healthcare reported record first-quarter results for 2021, with revenues hitting $329.2 million, marking a 57% year-over-year increase. The company achieved a net income of $19.4 million, rebounding from a $2.1 million loss last year. Diluted EPS rose to $0.53 from a loss of $0.06. However, the gross profit margin declined to 21.7%, a 190 basis point drop year-over-year. Adjusted EBITDA improved significantly to $26.7 million. The company restructured its reporting segments to enhance operational clarity.

The National Association of Travel Healthcare Organizations (NATHO) has appointed Marc Krug, division president at Cross Country Healthcare (NASDAQ: CCRN), to its board of directors. With over 30 years in healthcare staffing, Krug aims to enhance industry standards and legislative representation. His leadership during the pandemic and digital transformation has driven revenue growth and operational efficiency at Cross Country. CEO Kevin C. Clark praises his expertise in scaling the travel nurse and allied divisions.

Cross Country Healthcare (Nasdaq: CCRN) will participate in the 2021 BofA Virtual Healthcare Conference from May 11-13, 2021. Kevin C. Clark, CEO, and William J. Burns, CFO, are scheduled for a fireside chat on May 11 at 1:15 p.m. Eastern Time. With 35 years in the industry, Cross Country Healthcare specializes in total talent management, offering staffing and consultative services to healthcare clients. The company emphasizes diversity, equality, and inclusion as part of its corporate social responsibility, earning multiple awards for its service quality.

Cross Country Healthcare (NASDAQ: CCRN) has appointed Gerald Purgay as the new Chief Marketing Officer. Purgay's promotion reflects the company's strategic focus on enhancing marketing as a driving force for business performance. Since joining in August 2020, he has significantly contributed to the marketing function's effectiveness. Kevin C. Clark, CEO, emphasized that this evolution aligns with the company's ongoing growth. Purgay previously held leadership roles at Oasis and Mercer, bringing extensive marketing experience to CCRN.

Cross Country Healthcare, Inc. (Nasdaq: CCRN) will hold its quarterly conference call on May 5, 2021, at 5:00 p.m. Eastern Time to discuss its Q1 2021 financial results, with an earnings press release to be distributed post-market. Investors can join the live webcast via the company’s website or by phone. The call replay will be available until May 19, 2021. Cross Country Healthcare specializes in total talent management for healthcare, providing staffing and consultative services while maintaining a commitment to high-quality patient care and diversity initiatives.

Cross Country Healthcare, Inc. (NASDAQ: CCRN) has denied media reports claiming its involvement in an antitrust investigation targeting VDA OC and a former employee. The allegations against VDA OC do not pertain to Cross Country Healthcare or its executives. Susan Ball, EVP and General Counsel, confirmed the inaccuracies and stated that they are seeking corrections from the media. The indictment relates to events from October 2016 to July 2017, prior to Cross Country Healthcare's acquisition of VDA OC.

Cross Country Healthcare (NASDAQ: CCRN) is partnering with Wachter Healthcare Solutions to enhance patient observation services through innovative virtual technology. The collaboration utilizes NOVA, a remote monitoring system, allowing one technician to oversee up to 12 patients, thus reducing costs associated with traditional hospital sitters. The partnership aims to improve patient outcomes and cost efficiency, addressing a significant expense for hospitals. This initiative aligns with Cross Country's mission to integrate technology for better healthcare delivery.

Cross Country Healthcare (Nasdaq: CCRN) announced that its CEO, Kevin C. Clark, and Group President, Stephen Saville, have been named to Staffing Industry Analysts’ 2021 Staffing 100 North America list. This recognition highlights their leadership during a challenging year for the staffing industry, emphasizing the need for innovation and support for clients and talent. The list is part of SIA’s Executive Forum North America, celebrating leaders who demonstrate resilience and commitment to workforce solutions.