Cross Ctry Healthcare Inc Stock Price, News & Analysis

Cross Country Healthcare, Inc. (NASDAQ: CCRN) partners with the Centers for Medicare & Medicaid Services to enhance infection control in nursing homes through free training for staff. The program, 'Targeted COVID-19 Training for Frontline Nursing Home Staff & Management,' equips staff with techniques in hygiene, emergency preparedness, and vaccine management. Participants earn completion certificates and a $250 bonus for finishing the course. This initiative underscores CCRN's commitment to healthcare quality and infection prevention in long-term care facilities.

Cross Country Healthcare (NASDAQ: CCRN) has announced the acquisition of Workforce Solutions Group (WSG), effective June 8, 2021, for $30 million, including cash and stock. WSG specializes in in-home care and talent management services. This acquisition aims to enhance CCRN's market presence in home care services and strategically support healthcare facilities in managing staffing needs. CCRN has also secured a $100 million term loan to finance the acquisition. The deal may yield an additional $15 million based on WSG's performance from 2021 to 2023.

Cross Country Healthcare (Nasdaq: CCRN) will participate in the Jefferies 2021 Virtual Healthcare Conference from June 1-4, 2021. The company’s Executive Vice President & CFO, William J. Burns, and Group President, Delivery, John A. Martins, will engage in one-on-one investor meetings. No formal presentation is scheduled. Cross Country Healthcare, a leader in talent management for healthcare, emphasizes quality service and has received multiple awards, including the Best of Staffing Award and the Top Workplaces USA award in 2021.

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.