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, Inc. (Nasdaq: CCRN) is a market-leading, tech-enabled workforce solutions and advisory firm focused on healthcare, homecare, and education markets. The CCRN news feed on Stock Titan aggregates company announcements, earnings releases, transaction updates, and other material developments drawn from Cross Country’s own press releases and regulatory disclosures.
Investors following CCRN news will see quarterly and annual financial results, where the company reports performance for its Nurse and Allied Staffing and Physician Staffing segments, as well as updates on Homecare Staffing and Cross Country Education. These releases often highlight trends in revenue, margins, cash flow, and balance sheet strength, along with commentary on operational efficiency initiatives and technology investments such as Intellify® and the Xperience™ app.
The news stream also covers strategic and corporate actions, including the previously announced Agreement and Plan of Merger with Aya Healthcare, subsequent stockholder approval, and the later termination of that merger agreement, as well as information about share repurchase activity and capital allocation decisions. Governance and leadership items, such as the CEO transition that brought co‑founder and Chairman Kevin C. Clark back into the President and Chief Executive Officer role, are disclosed through press releases and Forms 8‑K and are reflected in the news flow.
In addition, Cross Country Healthcare periodically publishes thought leadership and survey-based reports, such as its "Beyond the Bedside: The State of Nursing" study, which examines stress, burnout, and staffing challenges in the nursing profession. These items provide context on broader workforce issues that intersect with the company’s service offerings.
By monitoring the CCRN news page, readers can review a consolidated view of Cross Country Healthcare’s public communications, from financial performance and strategic transactions to leadership changes and industry research, all in one place.
Cross Country Healthcare (Nasdaq: CCRN) reported its Q4 and full-year financial results for 2022. Q4 revenue was $628.2 million, declining 2% YoY, with a gross profit margin of 22.1%, down 90 bps. Net income fell 50% to $38.8 million, leading to a diluted EPS of $1.05. For the year, revenue reached $2.8 billion, up 67%, with net income at $188.5 million, translating to a diluted EPS of $5.02. The company experienced significant growth in physician staffing (up 84% YoY) but a decline in nurse and allied staffing revenue. Looking forward, Q1 2023 guidance suggests revenue of $590-$600 million, reflecting a 25%-24% decrease from Q1 2022.
Cross Country Healthcare (NASDAQ: CCRN) announced that its CEO John A. Martins has been named to the Staffing Industry Analysts' (SIA) Staffing 100 list, honoring 100 influential leaders in the staffing industry. This recognition highlights Martins' impact in driving Cross Country's digital transformation and innovative workforce solutions since he became CEO in 2022. Cross Country Healthcare is known for addressing complex labor challenges in healthcare and has a strong commitment to diversity, equity, and inclusion.
Cross Country Healthcare (Nasdaq: CCRN) announced its participation in two virtual investor conferences. The Loop Capital Markets 2023 Investor Conference is set for March 13, 2023, where CEO John Martins and CFO William J. Burns will engage in virtual one-on-one meetings. Additionally, the Oppenheimer 33rd Annual Healthcare Conference will occur from March 13-15, 2023, with meetings on March 15. Cross Country Healthcare is a leading workforce solutions firm with over 36 years of experience, recognized for high-quality service and innovative staffing solutions. The company is also noted for its commitment to diversity and inclusion.
Cross Country Healthcare, Inc. (NASDAQ: CCRN) will hold its quarterly conference call on February 22, 2023, at 5:00 p.m. ET to discuss its fourth quarter and full year 2022 financial results. The earnings press release will be available after market close on the same day. The call can be accessed via their website or by phone. Cross Country Healthcare is recognized for solving labor-related challenges in healthcare, winning multiple awards for staffing excellence and workplace diversity. The firm has a strong focus on corporate social responsibility, ensuring high-quality outcomes and exceptional patient care.
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.
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