Cross Country Healthcare, Inc. (CCRN)

The share price experienced a significant decline of 55.74% from January 3, 2025, to January 2, 2026. Key events included the CEO transition with Kevin Clark replacing John Martins, the termination of the merger agreement with Aya Healthcare, and the announcement of Q3 2025 financial results showing a revenue decrease of 20.6%. Analyst ratings were lowered by Truist and UBS. The company reported a Q2 loss and missed revenue estimates.

Demand for Cross Country Healthcare's staffing solutions exhibits seasonal patterns. Winter months see higher patient admissions, summer months result in staffing gaps due to vacations, and holidays are characterized by increased patient demand and PTO requests. Tourist seasons, allergy waves, or community events can also create unexpected spikes in demand. While demand for travel assignments has softened, a seasonal pickup is anticipated. The local business has experienced softness, but the education and homecare staffing businesses have reported year-over-year growth.

Cross Country Healthcare, Inc. is a technology-enabled workforce solution and advisory company specializing in healthcare staffing and recruitment services, operating within the Business Services sector. The company provides total talent management services, including strategic workforce solutions, contingent staffing, permanent placement, and consultative services. Its two main segments are Nurse and Allied Staffing, which offers temporary and permanent placement of nurses and allied professionals, and Physician Staffing, which provides physicians, CRNAs, NPs, and PAs for temporary assignments.

Cross Country Healthcare, Inc. has a significant presence across the United States, operating in all 50 states and assisting healthcare facilities in the Caribbean. Its corporate office is located in Boca Raton, Florida.

Cross Country Healthcare's marketing team was named the No. 1 Marketing Team in the Nation by the 2025 OnCon Icon Awards, recognizing their creativity, innovation, measurable impact, and leadership.

Cross Country Healthcare, Inc. is predominantly owned by institutional shareholders, who hold 96.73% of the stock, while insiders own 23.47%. Major institutional owners include BlackRock, Inc., Magnetar Financial LLC, and Alliancebernstein L.p. Charterhouse Equity Partners III LP is the largest individual shareholder, owning 7.51% of the company.