Cross Ctry Healthcare Inc Stock Price, News & Analysis

Cross Country Healthcare (Nasdaq: CCRN) announced robust financial results for Q2 2022, reporting $753.6 million in revenue, a 127% year-over-year increase, despite a 4% sequential decline. Net income surged to $52.9 million, up 358% from the prior year, while diluted EPS reached $1.40. The company experienced a notable 244% increase in adjusted EBITDA, totaling $83.5 million. A strong demand for staffing and the launch of the new Intellify platform underscore its growth trajectory. However, Q3 guidance indicates potential revenue decline of 20%-18% sequentially.

Cross Country Healthcare (CCRN) released a survey revealing a significant gap in awareness regarding at-home care options for seniors aged 50-79. Despite a preference for at-home care, 91% of respondents haven't researched their future care needs. Low awareness of programs like PACE and LIFE was noted, with 80% unaware of these services. The aging population is expected to rise, with Medicare enrollment projected to reach 78 million by 2030. The study emphasizes the need for improved financial planning and access to essential services like transportation and medical care.

Cross Country Healthcare, Inc. (CCRN) has appointed Craig Hoven as the new Senior Vice President and Managing Consultant of Cejka Search, its executive search division. Hoven brings over 20 years of healthcare staffing leadership experience, crucial during a time of executive movements in the industry. His role will involve leading executive searches and managing candidate placements, enhancing the firm's ability to meet the demands of healthcare facilities. Cross Country Healthcare continues its commitment to high-quality staffing solutions and has received numerous accolades for its workplace culture and commitment to diversity.

Cross Country Healthcare, Inc. (Nasdaq: CCRN) will hold its quarterly conference call on August 3, 2022, at 5:00 p.m. ET to discuss second quarter financial results, with earnings press release available after market close on the same day. The call will be accessible via the Company's website and by phone. The company is a leader in workforce solutions, staffing, and advisory services, recognized for its high-quality patient care and commitment to diversity. It has received multiple awards for its workplace culture and innovation, enhancing its reputation in the staffing industry.

Cross Country Healthcare (NASDAQ: CCRN) has published its 2021 Corporate Social Responsibility (CSR) report, emphasizing its commitment to governance, social equity, and environmental sustainability. Key highlights include maintaining the ISS Highest Quality Score, increasing minority hires, and improving its Bloomberg Gender-Equality Index score by 10 percentage points. The company has also earned the 2021 Top Workplace Award for Diversity, Equity & Inclusion and contributed $25,000 to support nursing students. These initiatives align with its values and aim for sustained growth while fostering community impact.

Cross Country Healthcare has launched the Cross Country Healthcare Nursing Scholarship Fund in partnership with the National Black Nurses Association. This initiative will provide two annual scholarships to eligible NBNA members pursuing a BSN or higher. The company, recognized for its commitment to diversity and health equity, aims to support underrepresented groups in healthcare education. CEO John A. Martins emphasized the company's dedication to improving healthcare access and quality for all communities.

Cross Country Healthcare, a leader in workforce solutions, has received the 2022 Top Workplaces Culture Excellence Award for Leadership and Innovation. This honor recognizes organizations that inspire employee confidence and embed innovation into their culture. The award is based on a survey conducted by Energage, which evaluated over 20 million employees across various organizations. CEO John A. Martins emphasized the company’s commitment to creating a digital-first, innovative work environment, reinforcing its status as an employer of choice.

Cross Country Healthcare (NASDAQ: CCRN) will participate in two upcoming conferences. The first is the Benchmark 2022 Healthcare House Call Virtual Conference on June 2, 2022, featuring one-on-one meetings with executives including William J. Burns and Josh Vogel. The second event is the Jefferies 2022 Healthcare Conference from June 8-10, 2022, where CEO John Martins, Burns, and Vogel will also engage in investor meetings. Cross Country Healthcare is recognized for its staffing solutions and commitment to diversity and quality in patient care.