Cross Ctry Healthcare Inc Stock Price, News & Analysis

Cross Country Healthcare, Inc. (NASDAQ: CCRN) announced the appointment of Eric Christianson as SVP of Intellify Solutions effective January 9, 2023. Christianson, who has nearly 20 years of experience in digital transformation, will report to Dan White, Chief Commercial Officer. His previous role was President of Digital Transformation at Triage Staffing. The company's CEO, John A. Martins, stated that Christianson will enhance their technological strategy, improving labor management efficiencies and client services.

Cross Country Healthcare (NASDAQ: CCRN) has appointed Dwayne L. Allen to its Board of Directors, effective January 3, 2023. Allen, a seasoned IT and digital executive with over 25 years of experience, previously held senior roles at Unisys and Microsoft. His expertise in digital innovation and analytics is expected to enhance the company's strategic growth. CEO John A. Martins expressed excitement about Allen's insights furthering their digital strategy aimed at improving services for clients and professionals.

Cross Country Healthcare, Inc. (NASDAQ: CCRN) announced the acquisition of Hireup Leadership Inc., an interim leadership firm based in Santa Barbara, California. This strategic acquisition aims to enhance Cross Country's talent management capabilities in the healthcare sector. Hireup specializes in recruiting healthcare leaders across various domains, including nursing and finance. The integration of Hireup is expected to expand Cross Country's network and address complex workforce challenges in the healthcare environment, solidifying its market position.

On November 16, 2022, Cross Country Healthcare (NASDAQ: CCRN) announced the election of Venkat Bhamidipati to its Board of Directors. Bhamidipati, a seasoned investor with experience in technology and healthcare, previously served as CFO at McAfee and Providence. His extensive background in finance, digital strategy, and corporate development is expected to contribute to the company's ongoing success. Chairman Kevin C. Clark expressed confidence that Bhamidipati's industry experience will be valuable for Cross Country's continued transformation and growth.

Cross Country Healthcare (NASDAQ: CCRN) announced that Amiee Hawkins, Divisional Senior Vice President of Operations, has been recognized in the 2022 Staffing Industry Analysts (SIA) list of 150 most influential women. This prestigious list includes 100 influential women in the Americas and 50 internationally. John Martins, President and CEO, praised Hawkins for her impactful leadership and operational innovations that enhance Cross Country’s workforce solutions. The company continues to prioritize diversity and excellence in service delivery, reinforcing its leadership position in the staffing industry.

Cross Country Healthcare (CCRN) announced its participation in the 4th Annual Truist Securities Industrials and Services Summit on December 6, 2022, at the JW Marriott Essex House in New York. Key executives, including John Martins, William J. Burns, and Josh Vogel, will engage in one-on-one investor meetings. No formal presentation will be held. Cross Country Healthcare is known for its workforce solutions and advisory services, recognized for its commitment to exceptional patient care and diversity.

Cross Country Healthcare (Nasdaq: CCRN) reported a 70% year-over-year revenue increase for Q3 2022, amounting to $636.1 million. However, revenue decreased by 16% sequentially. Net income attributable to shareholders rose 48% to $34.8 million, with diluted EPS at $0.93. Adjusted EBITDA reached $63.8 million, a 112% increase year-over-year but down 24% from Q2. Cash flow from operations surged to $140.6 million. The company repurchased 1 million shares for $24.3 million. Guidance for Q4 2022 projects revenue of $590 million - $600 million, indicating a 6-8% decline from Q4 2021.

Cross Country Healthcare (CCRN) is set to participate in the Credit Suisse 31st Annual Healthcare Conference from November 7-10, 2022, at Terranea Resort in Rancho Palos Verdes, CA. John Martins, President & CEO, and Josh Vogel, VP of Investor Relations, will hold one-on-one meetings on November 8. The company, a leader in tech-enabled workforce solutions with over 36 years of experience, focuses on resolving labor-related challenges in healthcare while maintaining high-quality service and outcomes.

Cross Country Healthcare, Inc. (CCRN) has announced its quarterly conference call to discuss third-quarter 2022 financial results on November 2, 2022, at 5:00 p.m. Eastern Time. The earnings press release will be distributed after market close on the same day. Investors can access the live webcast via the company's website or join the call by phone. A replay will be available through November 16. Cross Country Healthcare is recognized for its commitment to high-quality service, diverse workforce solutions, and has received multiple awards for employer excellence.