Key Developments: Cross Country Healthcare Inc (CCRN.O)

CCRN.O on Nasdaq

8.08USD
2 Sep 2014
Price Change (% chg)

$0.10 (+1.25%)
Prev Close
$7.98
Open
$8.03
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$8.08
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$7.98
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$11.54
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Latest Key Developments (Source: Significant Developments)

Cross Country Healthcare Inc gives Q3 2014 guidance; revenue guidance in line with analysts' estimates
Wednesday, 6 Aug 2014 09:00pm EDT 

Cross Country Healthcare Inc:Sees Q3 2014 revenues of between $187 mln - $192 mln.Sees Q3 2014 Adjusted EBITDA to be between 3.0 pct. - 3.5 pct.Q3 2014 revenue estimates of $182 mln and EBITDA of $4 mln - Thomson Reuters I/B/E/S.  Full Article

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.  Full Article

Cross Country Healthcare Inc to acquire substantially all of assets and business of Medical Staffing Network
Monday, 2 Jun 2014 05:40pm EDT 

Cross Country Healthcare Inc:Signs definitive agreement to acquire substantially all of assets and business of Medical Staffing Network (MSN) and assume substantially all of liabilities of MSN for aggregate purchase price of $48.3 mln.Foros LLC served as financial advisor to Cross Country Healthcare for acquisition and Proskauer Rose LLP served as its legal advisor.  Full Article

Cross Country Healthcare Inc gives Q2 2014 revenue guidance in line with analysts' estimates
Wednesday, 7 May 2014 05:02pm EDT 

Cross Country Healthcare Inc:Expects Q2 2014 revenue of $121.0 million - $124.0 million.Q2 2014 revenue of $123 million - Thomson Reuters I/B/E/S.  Full Article

Cross Country Healthcare Inc gives Q1 2014 revenue guidance above analysts' estimates
Wednesday, 5 Mar 2014 07:38pm EST 

Cross Country Healthcare Inc:Expects first quarter 2014 revenue to be in the $119 mln to $121 mln range.First quarter 2014 revenue estimate $116 mln - Thomson Reuters I/B/E/S.  Full Article

Cross Country Healthcare Inc acquires assets of Allied healthcare business
Monday, 2 Dec 2013 04:05pm EST 

Cross Country Healthcare Inc:Says it has acquired the operating assets of On Assignment, Inc.'s Allied Healthcare staffing division for an aggregate purchase price of $28.7 million, subject to immaterial post-closing adjustments.Says excluded from the transaction were the accounts receivable, accounts payable and accrued compensation of the business being acquired.Says it utilized a combination of approximately $24.5 million cash on hand and $4.5 million borrowings under its credit facility to fund the asset acquisition and related costs.  Full Article

Cross Country Healthcare Inc Issues Q4 2013 Guidance; Revenue Guidance Below Analysts' Estimates
Wednesday, 6 Nov 2013 05:00pm EST 

Cross Country Healthcare Inc announced that for the fourth quarter of 2013, it expects revenue to be in the $107 million to $110 million range. Earnings per diluted share (EPS) from continuing operations to be in the range of $0.00 to $0.02. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $112 million and EPS of $0.01 for the third quarter of 2013.  Full Article

Cross Country Healthcare Inc Issues Q3 2013 Guidance Below Analysts' Estimates
Tuesday, 6 Aug 2013 05:08pm EDT 

Cross Country Healthcare Inc announced that for the third quarter of 2013, it expects revenue to be in the $110.0 million to $112.0 million range and EPS per diluted share from continuing operations to be in the range of negative $0.02 to $0.00. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $114 million and EPS of $0.02 for the third quarter of 2013.  Full Article

Cross Country Healthcare Inc Completes Chief Executive Officer Transition
Monday, 8 Jul 2013 09:00am EDT 

Cross Country Healthcare Inc announced that William J. Grubbs became the Chief Executive Officer and President of the Company, effective July 5, 2013. In March, the Company announced that Joseph A. Boshart, who had been the Chief Executive Officer and President since 1994, would be retiring in July 2013 and that Grubbs would be transitioning into that role.  Full Article

Cross Country Healthcare Inc Issues Q2 2013 Guidance Below Analysts' Estimates
Tuesday, 7 May 2013 05:00pm EDT 

Cross Country Healthcare Inc announced that for the second quarter of 2013, it expects revenue to be in the $110.0 million to $112.0 million range and loss per diluted share from continuing operations to be in the range of $0.01 to $0.03. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $113 million and EPS of $0.01 for the second quarter of 2013.  Full Article

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