[SCHEDULE 13G/A] Cross Country Healthcare Inc SEC Filing
Rhea-AI Filing Summary
Cross Country Healthcare disclosed that The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC jointly hold 1,887,473.57 shares of its common stock, equal to 5.8% of the class. The filing identifies GS Group as a parent holding company and Goldman Sachs & Co. LLC as a broker-dealer and registered investment adviser that may own the securities on the parent’s behalf. The reporting parties certify the shares are held in the ordinary course of business and were not acquired to change or influence control of the issuer. The filing includes a joint filing agreement and an exhibit identifying the subsidiary relationship.
Positive
- Material ownership disclosed: Reporting persons state ownership of 1,887,473.57 shares (5.8%) of CCRN common stock.
- Passive intent certified: The filers certify the shares are held in the ordinary course of business and not to change or influence control of the issuer.
- Parent–subsidiary identification: Exhibit (99.2) identifies GS Group as parent and Goldman Sachs & Co. LLC as a subsidiary broker-dealer and registered investment adviser.
- Joint filing agreement included: Exhibit (99.1) records agreement between reporting parties to file jointly and permit amendments.
Negative
- None.
Insights
TL;DR: Goldman Sachs reports a material, disclosed passive stake (5.8%) in CCRN; ownership is significant but stated as non-control.
The report shows a beneficial ownership of 1,887,473.57 shares representing 5.8% of Cross Country Healthcare's common stock. The filing is a Schedule 13G/A and includes a certification that the holdings are held in the ordinary course of business and not to influence control. For investors, this is a material ownership disclosure because it crosses the 5% threshold, but the filing explicitly characterizes the position as passive.
TL;DR: The disclosure documents a parent–subsidiary reporting structure and a joint filing agreement, with no declared intent to exert control.
Exhibit information identifies The Goldman Sachs Group, Inc. as a parent holding company and Goldman Sachs & Co. LLC as a subsidiary broker-dealer and registered investment adviser that may be the owner of the securities on the parent’s behalf. The filing includes a joint filing agreement authorizing joint and amended filings. The parties explicitly state the securities were not acquired to change or influence control, limiting immediate governance implications.