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Cross Country Healthcare Inc completes acquisition of assets of Medical Staffing Network


Monday, 30 Jun 2014 05:39pm EDT 

Cross Country Healthcare Inc:Completes acquisition of substantially all of assets and certain liabilities of Medical Staffing Network (MSN), comprehensive healthcare staffing company with 55 locations throughout the U.S. that provides per diem, local, contract, travel, and permanent hire staffing services.Total purchase price will be up to $48.1 mln, subject to final net working capital adjustment.Cross Country funded $45.6 mln at closing, net of cash acquired.Additional $2.5 mln was deferred and is due to the seller in 21 months, less any COBRA expenses incurred by Cross Country on behalf of former MSN employees over that period. 

Company Quote

11.1
0.11 +1.00%
17 Apr 2015