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Cross Country Healthcare, Inc. - $CCRN STOCK NEWS

Welcome to our dedicated page for Cross Country Healthcare news (Ticker: $CCRN), a resource for investors and traders seeking the latest updates and insights on Cross Country Healthcare stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cross Country Healthcare's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cross Country Healthcare's position in the market.

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Rhea-AI Summary
Cross Country Healthcare, Inc. (Nasdaq: CCRN) reported financial results for Q1 2023, exceeding revenue and profitability expectations. Revenue was $622.7 million, a decrease of 21% YoY. Net income was $29.4 million, a decrease of 53% YoY. Diluted EPS was $0.81. Adjusted EBITDA was $52.1 million, a decrease of 46% YoY. Nurse and Allied Staffing revenue decreased by 24% YoY, while Physician Staffing revenue increased by 75% YoY. The Company repurchased 1.2 million shares of common stock for $31.7 million. Cash flows provided by operations increased by 261% YoY to $46.9 million.
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Cross Country Healthcare, Inc.

Nasdaq:CCRN

CCRN Rankings

CCRN Stock Data

506.66M
32.63M
5.17%
110.56%
14.78%
Dental Laboratories
Manufacturing
Link
United States of America
BOCA RATON

About CCRN

cross country healthcare, headquartered in boca raton, florida, is a national leader in providing leading-edge healthcare workforce solutions. our solutions are geared towards assisting our clients to solve labor cost issues while maintaining high quality outcomes. with more than 30 years of experience, we are dedicated to placing highly qualified nurses and physicians as well as allied health, advanced practice, and case management professionals. we also provide both retained and contingent placement services for physicians, as well as retained search services for healthcare executives. we have more than 6,500 active contracts with a broad range of clients in both clinical and nonclinical settings, including acute care hospitals, physician practice groups, nursing facilities, both public schools and charter schools, rehabilitation and sports medicine clinics, government facilities, and home care. through our national staffing teams and network of more than 70 branch office locations,