Cross Ctry Healthcare Inc Stock Price, News & Analysis

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.

Cross Country Healthcare (Nasdaq: CCRN) announced that group president Buffy Stultz White has been recognized on Staffing Industry Analysts’ 2020 Global Power 150 Women in Staffing list for the second consecutive year. White leads workforce solutions and sales across the organization, contributing to operational efficiencies and improved production. The Global Power 150 list honors women in leadership who impact the $498 billion staffing industry. CEO Kevin C. Clark praised White's extensive experience and emphasized the company's commitment to diversity among its predominantly female workforce.

Cross Country Healthcare, Inc. (Nasdaq: CCRN) will hold a conference call on February 24, 2021, at 5:00 p.m. ET to discuss its Q4 and full-year 2020 financial results. The earnings press release will be distributed after market close on the same day. The call will be accessible via the company’s website or by phone. Cross Country Healthcare is a leader in total talent management within the healthcare sector, and it has a commitment to high service levels, diversity, and social responsibility. Audio replays will be available from February 24 through March 11, 2021.