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 provides technology-driven healthcare workforce solutions, staffing, recruitment and advisory services for health systems across the United States. News about CCRN commonly covers operating and financial results, healthcare labor demand, nursing and allied staffing, physician staffing and the company’s Intellify workforce and vendor management platform.
Company updates also address AI-enabled workforce intelligence, predictive analytics, leadership and governance changes, industry surveys on nursing workforce conditions, community partnerships and material agreements or capital-structure matters disclosed by the company.
Cross Country Healthcare, Inc. has published its 2020 Corporate Social Responsibility (CSR) Report, highlighting its commitment to community engagement, diversity, and environmental sustainability. Key initiatives include establishing industry pricing guidelines during the COVID-19 pandemic, providing 24/7 support for healthcare workers, and enhancing workforce diversity with 25% female and 13% minority directors. The company aims to drive climate action through reduced resource use and a new remote workforce model. For complete details, see the full CSR report here.
Cross Country Healthcare, Inc. (Nasdaq: CCRN) is set to participate in the 14th Annual Barrington Research Virtual Fall Investment Conference on September 9, 2021. CEO Kevin C. Clark and CFO William J. Burns will engage in one-on-one investor meetings, although no formal presentation is planned. With over 35 years of experience, Cross Country Healthcare is a leader in total talent management for healthcare, providing strategic workforce solutions and staffing services. The company has received multiple accolades for service quality and continues to emphasize diversity and inclusion in its corporate strategy.
Cross Country Healthcare, a leader in workforce solutions for healthcare, has been awarded the Great Place to Work Certification for 2021. This certification reflects the positive employee experience, with 77% of employees rating it as a great workplace compared to the 59% average among U.S. companies. The recognition is based on employee feedback, emphasizing the company's focus on fostering a valued workplace culture. This accolade highlights Cross Country's commitment to employee satisfaction, retention, and organizational success.
Cross Country Healthcare (Nasdaq: CCRN) reported Q2 2021 financial results with revenue of $331.8 million, a 53% increase year-over-year. The gross profit margin was 21.9%, down 150 basis points from last year. Net income attributable to shareholders reached $11.5 million, a significant improvement from a net loss of $14.2 million a year earlier. Diluted EPS was $0.31, down from $0.53 in Q1 2021. Looking ahead, management expects Q3 revenue between $310 million and $320 million, representing a 60% - 65% year-over-year increase, despite sequential declines.
Cross Country Healthcare (Nasdaq: CCRN) has announced updated dial-in numbers for its quarterly conference call to discuss Q2 2021 financial results, scheduled for August 4, 2021, at 5:00 p.m. ET. The previous numbers are now obsolete. The conference call will be accessible via the company’s website and by phone. A replay of the call will be available until August 18, 2021. Cross Country Healthcare specializes in talent management for healthcare, providing solutions in staffing and consulting while maintaining high-quality service standards.
Cross Country Healthcare, Inc. (Nasdaq: CCRN) will hold its quarterly conference call on August 4, 2021, at 5:00 p.m. ET to discuss its second quarter financial results. The earnings press release is set for distribution after market close on the same day. Interested parties can access the live webcast on the company’s website or dial in using specified numbers for U.S. and international locations. A replay will be available until August 18, 2021. Cross Country is recognized for its comprehensive staffing solutions in healthcare and has received numerous accolades for its services.
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.