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Cross Country Healthcare Inc Announces Completion Of Sale Of Clinical Trial Services Business To ICON plc

Tuesday, 19 Feb 2013 06:00am EST 

Cross Country Healthcare Inc announced it has completed the previously announced sale of its clinical trial services business to ICON plc for $52 million, plus an earn-out of up to $3.75 million related to certain performance-based milestones. Cross Country Healthcare used a portion of the net proceeds from this transaction to repay all $29.3 million of its outstanding bank debt. 

Company Quote

0.15 +1.49%
1:03pm EST