Cross Ctry Healthcare Inc Stock Price, News & Analysis

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.

Cross Country Healthcare (Nasdaq: CCRN) reported robust financial results for Q1 2022, achieving record revenue of $788.7 million, a remarkable 140% increase year-over-year. Adjusted EBITDA hit $97.4 million (12.3% margin), reflecting a 264% rise. Net income rose to $62.0 million, up 219% from the previous year. Despite this, diluted EPS fell to $1.63, a 20% decline from Q4 2021. The company also expanded its credit facility to $300 million, positioning itself for growth as it navigates a post-COVID market.

Cross Country Healthcare announced a new study titled "Vendor Management Systems: The Lifeline Healthcare Systems Need Now," which surveyed over 150 healthcare leaders about the usage of Vendor Management Systems (VMS) for staffing. The study reveals that while 40% currently use a VMS, 31% are unsure if they do, and 29% do not use one. Key benefits of VMS highlighted include data security (57%), improved processes (49%), and reduced time to fill positions (38%). The global Healthcare IT market is projected to reach $821.1 billion by 2026.

Cross Country Healthcare, Inc. (Nasdaq: CCRN) announced its participation in the BofA Healthcare Conference from May 10-12, 2022, at the Encore at Wynn, Las Vegas. The President & CEO, John Martins, along with CFO William J. Burns, will engage in a fireside chat on May 10 at 5:20 p.m. Eastern Time. An audio webcast of the event will be accessible on the Company’s website in the Investor Relations section under 'Events and Presentations.' Cross Country Healthcare is recognized for its exceptional staffing solutions and has won multiple awards for service and workplace quality.

Cross Country Healthcare, Inc. (CCRN) will hold a quarterly conference call to discuss its Q1 2022 financial results on May 4, 2022, at 5:00 PM ET. The earnings press release will be available post-market on the same day. Interested parties can access the live call via the company’s website or by phone. A replay will be available from May 4 to May 18. Cross Country Healthcare provides workforce solutions and staffing in healthcare, boasting 35 years of experience and recognition for exceptional service quality.

Cross Country Healthcare, Inc. announces the appointment of Daniel J. White as its first Chief Commercial Officer. With over 25 years of experience, White has a strong background in driving growth and client engagement. He has held senior roles at AMN Healthcare and IBM, focusing on workforce management. His new role aims to enhance workforce strategies and address labor challenges in healthcare. CEO John A. Martins emphasizes White's expertise as critical for the company's evolution and market leadership.

Cross Country Healthcare announced that Kevin C. Clark, its CEO and Co-Founder, has been named to the Staffing 100 list by Staffing Industry Analysts for the third consecutive year. Under Clark's leadership since rejoining in January 2019, the company has more than doubled its revenue on an organic basis and completed two acquisitions. He will transition to Chairman of the Board, continuing to provide strategic direction. The Staffing 100 list honors individuals who significantly influence the staffing industry.

Cross Country Healthcare (Nasdaq: CCRN) reported robust fourth quarter and full-year 2021 results, with revenue reaching $640.7 million, a 197% increase from Q4 2020. For the year, total revenue was $1.68 billion, up 100%. Net income soared to $77.6 million, up from $4.6 million year-over-year. Diluted EPS was $2.07, compared to $0.13. Despite strong growth, gross profit margin declined to 23.0%. The company's outlook for Q1 2022 projects revenues between $740 million and $750 million, representing a 125%-128% year-over-year increase.