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 (CCRN) operates in the healthcare staffing sector, where news often centers on workforce trends, mergers and acquisitions, and quarterly financial performance. The company's news flow reflects broader dynamics in the medical staffing industry, including hospital labor demand, nursing workforce availability, and strategic initiatives to expand service capabilities.
Recent developments have included significant corporate events such as merger discussions with other healthcare staffing companies, executive leadership transitions, and quarterly earnings reports that reveal how seasonal patient volumes and hospital budgets affect staffing demand. These announcements provide insight into the cyclical nature of healthcare workforce needs and how staffing companies navigate changing market conditions.
For investors tracking Cross Country Healthcare, news typically covers financial results showing revenue trends across nursing, physician, and allied health divisions. The company's earnings releases often discuss gross margins, billable hours, and contract renewal rates—metrics specific to the staffing business model. Material events filed with the SEC may reveal strategic decisions about acquisitions, divestitures, or changes in business segments.
Healthcare staffing companies face unique news drivers including regulatory changes affecting professional licensing, multi-state practice compacts, hospital reimbursement policies, and labor market shifts. Cross Country Healthcare's announcements reflect these industry-specific factors, making its news particularly relevant for those following the healthcare services sector rather than direct patient care providers.
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.
Cross Country Healthcare (CCRN) has successfully closed the acquisition of Mint Medical Physician Staffing and Lotus Medical Staffing. Mint specializes in placing healthcare professionals in locum tenens roles across various medical fields, while Lotus targets anesthesia and surgical specialties. This acquisition aims to enhance CCRN's locum tenens platform in response to growing market demand. CEO John A. Martins emphasizes the strategic importance of this integration for expanding their service offerings in the evolving healthcare landscape.
Cross Country Healthcare, Inc. (NASDAQ: CCRN) announced that its chief human resources officer, Colin McDonald, has been named one of the 10 Most Influential HR Executives to Watch in 2022 by CIO Views magazine. McDonald's extensive HR experience has improved the company’s performance and workforce quality, particularly during the pandemic. CEO John Martins praised McDonald's impact on diversity, inclusion, and corporate culture. Cross Country Healthcare is recognized for its commitment to exceptional staffing solutions and has received multiple awards for workplace excellence.
Cross Country Healthcare (CCRN) announced a definitive agreement to acquire Mint Medical Physician Staffing and Lotus Medical Staffing, enhancing its position in the locum tenens market. The acquisition aims to deepen client relationships and expand access to healthcare professionals in the U.S. It is expected to close in Q4 2022 and will be accounted for using the acquisition method. CEO John Martins emphasized that this move will add value for shareholders.
Cross Country Healthcare, Inc. (NASDAQ: CCRN) is set to host its Investor Day 2022 on September 14, 2022, at 10:00 am EST. The hybrid event will allow attendees to join virtually or in-person at IPIC Theatre, Boca Raton, FL. Interested participants can register and stream the event online, with a replay available on the company's website post-event. Cross Country Healthcare, a leader in tech-enabled workforce solutions with over 36 years of experience, continues to emphasize high-quality service and exceptional patient care.
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