Cross Country Healthcare, Inc.
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Cross Country Healthcare, Inc. - overview
Established
1999
Location
Boca Raton, FL, US
Primary Industry
Outsourcing
About
Cross Country Healthcare, Inc. is a prominent provider of healthcare staffing and workforce solutions, specializing in the recruitment and placement of medical professionals to meet the needs of hospitals and educational institutions. Founded in 1999 in Boca Raton, US, Cross Country Healthcare, Inc. focuses on healthcare staffing solutions.
The company has undergone strategic shifts to enhance its service offerings. Its founder, Kevin Clark, has been instrumental in guiding its growth. The company has raised a total amount of USD 240. 75 mn through various funding rounds, with its latest being a Private Placement/Follow on, amounting to USD 240.
75 mn. Cross Country Healthcare specializes in healthcare staffing and workforce solutions, primarily offering services to address the staffing needs of healthcare facilities. Their core services include recruitment and placement of medical professionals such as registered nurses, certified nursing assistants, and educational staff. They work primarily with hospitals, schools, and other healthcare organizations to ensure adequate staffing and operational efficiency across various geographical markets in the United States.
In the most recent year, Cross Country Healthcare reported a revenue of USD 1,344,004,000 and an EBITDA of USD 1,335,000. The company's revenue is generated through a staffing model, where clients contract their services for both short-term and long-term placements, reflecting standard industry pricing for healthcare staffing. Cross Country Healthcare plans to leverage recent funding to expand its service offerings and geographic reach. Their strategy includes the development of new healthcare staffing products aimed at addressing emergent market needs.
The company is targeting expansion into high-demand regions within the US, with a focus on increasing its presence in states experiencing healthcare workforce shortages. The funds raised in the latest Private Placement/Follow on will support these initiatives, enhancing Cross Country's ability to respond to market demands and elevate its service capacity.
Primary Industry
Outsourcing
Sub Industries
Recruitment/Executive Search
Website
www.crosscountryhealthcare.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Cross Country Healthcare, Inc. - timeline of key events
Cross Country Healthcare, Inc. - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 503,986,224 | 442,635,146 | 438,310,716 | 617,825,000 | 767,421,000 | 833,537,000 | 865,048,000 | 816,484,000 | 822,224,000 | 836,417,000 | 1,676,652,000 | 2,806,609,000 | - | - | - |
| % Revenue Growth (YoY) | - | (12.2%) | (1.0%) | 41.0% | 24.2% | 8.6% | 3.8% | (5.6%) | 0.7% | 1.7% | 100.5% | 67.4% | - | - | - |
| EBITDA (USD) | 21,738,528 | (14,965,012) | (1,609,016) | (1,963,000) | 30,517,000 | 17,094,000 | 22,573,000 | (652,000) | (1,175,000) | 3,511,000 | 149,156,000 | 285,684,000 | - | - | - |
| Operating Income (USD) | 10,540,934 | (24,518,497) | (8,022,037) | (10,468,000) | 20,565,000 | 6,184,000 | 11,748,000 | (12,880,000) | (15,711,000) | (9,160,000) | 139,304,000 | 273,108,000 | - | - | - |
| Operating Margin | 2.1% | (5.5%) | (1.8%) | (1.7%) | 2.7% | 0.7% | 1.4% | (1.6%) | (1.9%) | (1.1%) | 8.3% | 9.7% | - | - | - |
| % EBITDA Margin | 4.3% | (3.4%) | (0.4%) | (0.3%) | 4.0% | 2.1% | 2.6% | (0.1%) | (0.1%) | 0.4% | 8.9% | 10.2% | - | - | - |
| NET Income (USD) | 4,097,849 | (42,221,497) | (51,969,323) | (31,534,000) | 4,954,000 | 8,731,000 | 38,802,000 | (15,717,000) | (55,943,000) | (12,142,000) | 132,002,000 | 188,461,000 | - | - | - |
| % Net Margin | 0.8% | (9.5%) | (11.9%) | (5.1%) | 0.6% | 1.0% | 4.5% | (1.9%) | (6.8%) | (1.5%) | 7.9% | 6.7% | - | - | - |
Cross Country Healthcare, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Lotus Medical Staffing | - | ||||||||
| Add-on | Completed | Mint Medical Physician Staffing, LP | - | ||||||||
| Add-on | Completed | Medical Staffing Network Holdings, Inc. | - | ||||||||
| Add-on | Completed | Allied Healthcare's Staffing Division | - | ||||||||
| Private Placement/Follow on | Completed | Cross Country Healthcare, Inc. | - |
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Cross Country Healthcare, Inc. - employee data
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