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 (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.
Cross Country Healthcare (Nasdaq: CCRN) reported its Q4 and full year 2020 results, showing a Q4 revenue of $215.6 million, up 11% sequentially but flat year-over-year. Net income for Q4 was $4.6 million, a significant recovery from previous losses, while full year revenue was $836.4 million, a slight 2% increase. Adjusted EBITDA for Q4 rose 39% to $11.5 million. Looking ahead, the Q1 2021 guidance projects revenue between $280 million and $295 million, indicating a 33% to 40% year-over-year increase. However, the company has acknowledged uncertainty due to ongoing COVID-19 impacts.
Cross Country Healthcare (NASDAQ: CCRN) has been recognized with several ClearlyRated's Best of Staffing® awards, highlighting its exceptional customer service across brands. Notable awards include Best of Staffing Talent, Best of Staffing Client, and the Best of Staffing Diamond award. These accolades underscore the organization's commitment to delivering high-quality talent management solutions, especially during challenging times. CEO Kevin C. Clark emphasized the importance of trust and relationships with clients, which is reflected in the satisfaction ratings.
Cross Country Healthcare (Nasdaq: CCRN) is set to attend two upcoming virtual conferences. On March 9-10, 2021, CEO Kevin C. Clark and CFO William J. Burns will hold one-on-one investor meetings at the Truist Securities 2021 Technology, Internet & Services Virtual Conference. Following this, on March 16-17, 2021, CFO Burns and Group President Buffy S. White will participate in similar meetings at the Oppenheimer 31st Annual Virtual Healthcare Conference. No formal presentations will be made at either event.
Cross Country Healthcare, Inc. (Nasdaq: CCRN) has been recognized on Staffing Industry Analysts’ (SIA) 2020 list of Largest Staffing Firms in the U.S., achieving the 21st position. This annual list includes 175 companies with a minimum of $100 million in staffing revenue in 2019. The collective revenue of these firms totaled $96.7 billion, accounting for 63.5% of the U.S. staffing market. CEO Kevin C. Clark emphasized that this recognition reflects the dedication of their employees.
FAQ
What is the current stock price of Cross Ctry Healthcare (CCRN)?
What is the market cap of Cross Ctry Healthcare (CCRN)?
