CCRN Cross Country Healthcare, Inc. featured news, full reports, and detailed charts
Cross Country Healthcare, Inc. (CCRN) Wrap Up:
We are a leading provider of nurse and allied staffing services in the United States, a global provider of clinical trials services to pharmaceutical and biotechnology customers, as well as a provider of other human capital management services focused on healthcare. We have a national client base of approximately 4,000 contracts with hospitals, pharmaceutical and biotechnology companies, and other healthcare organizations. Our nurse and allied staffing business segment represented 80% of our 2007 revenue and is comprised of travel and per diem nurse staffing and travel allied health staffing. Travel nurse staffing is our largest business and it represented approximately 68% of our total revenue. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f13%2f0001116502-08-000425.html#FIS_BUSINESS"www.crosscountryhealthcare.com
Founded in 1996
Cross Country Healthcare, Inc. (CCRN:NASDAQ)
LAST $8.67 USD
CHANGE TODAY +0.07 0.81%
VOLUME 60.6K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Cross Country Healthcare, Inc. (CCRN)
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OPEN
$8.51
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PREVIOUS CLOSE
$8.60
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DAY HIGH
$8.68
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DAY LOW
$8.50
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52 WEEK HIGH
10/14/09 - $10.23
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52 WEEK LOW
03/6/09 - $4.84
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MARKET CAP
267.4M
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AVERAGE VOLUME 3 mo
113.0K
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DILUTED EPS TTM
$-5.04
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SHARES OUTSTANDING
30.8M
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CCRN Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
CCRN Top Compensated Officers
Mr. Joseph A. Boshart
Chief Executive Officer, President, Director ...
Age: 52
Total Annual Compensation: $492.8K
Mr. Emil Hensel
Chief Financial Officer and Director
Age: 58
Total Annual Compensation: $336.8K
Mr. Tony Sims
President of ClinForce
Age: 49
Total Annual Compensation: $304.1K
Mr. Jonathan W. Ward
President of Cross Country Staffing
Age: 44
Total Annual Compensation: $290.8K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Cross Country Healthcare, Inc. (CCRN)
Cross Country Healthcare Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2009
11/2/2009
Cross Country Healthcare Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenue of $129.6 million, a 27% decrease from revenue of $178.1 million in the prior year quarter. Net income was $1.0 million, or $0.03 per diluted share, a decline of 84% compared to net income of $6.2 million, or $0.20 per diluted share, in the prior year quarter. On a sequential basis, revenue decreased 13% from the second quarter of 2009, while net income decreased 58%. Income from operations was $3.8 million and income before income taxes of $2.3 million compared to income from operations of $11.3 million and income before income taxes of $10.5 million for the same quarter a year ago. Net cash provided by operating activities was $19.5 million compared to $13.8 million for the same quarter a year ago. For the nine months ended September 30, 2009, the company generated revenue of $454.1 million and net income of $6.3 million, or $0.20 per diluted share. This compared to revenue of $528.3 million and net income of $18.4 million, or $0.59 per diluted share, in the first nine months of the prior year. Income from operations was $15.4 million and income before income taxes of $10.7 million compared to income from operations of $32.4 million and income before income taxes of $30.6 million for the same period a year ago. Net cash provided by operating activities was $69.9 million compared to $40.9 million for the same period a year ago. The company provided earnings guidance for the fourth quarter and full year ending December 31, 2009. For the quarter, the company expects revenue to be in the $120 million to $123 million range and earnings per diluted share to be in the range of $0.02 to $0.04. For the full year ending December 31, 2009, the company expects revenue to be in the $574 million to $577 million range and earnings per diluted share to be in the range of $0.22 to $0.24.
Cross Country Healthcare, Inc. - Conference Presentation Call
10/21/2009
To provide an overview of Cross Country's business and prospects
Cross Country Healthcare, Inc., Q3 2009 Earnings Call, Nov-03-2009
10/2/2009
Cross Country Healthcare, Inc., Q3 2009 Earnings Call, Nov-03 2009
CCRN Competitors
| Company | Last | Change |
| AMN Healthcare Services Inc | $8.36 USD | +0.02 |
| Kendle International Inc | $16.46 USD | +0.06 |
| Kforce Inc | $13.49 USD | -0.11 |
| Medical Staffing Network Holdings Inc | $0.46 USD | 0.00 |
| On Assignment Inc | $6.24 USD | -0.01 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CCRN | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.4x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.3x |
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CCRN |
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CCRN transactions
| Type Date |
Target |
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Bankruptcy
October 26, 2009 |
Vendtegrity, Inc. |
More Recent News About Cross Country Healthcare, Inc.
More news for CCRN
Q3 2009 Cross Country Healthcare, Inc. Earnings Release - After Market Close
Earnings Announcements for Monday, November 2CompanySymbolTimeConferenceCall1ST CONSTITUTION BANCORPFCCYBefore Market OpenAAONAAONBefore Market OpenABSOLUTE SOFTWARE CORPABT.TO4:00 pm ETAdministaffASFBefore Market OpenListenAlbany International CorpAINAfter Market CloseAlexander'sALXBefore Market OpenALLGREEN PROPERTIES LTDA16.SITime Not SuppliedALLIANCE DISTRS HLDG INCADTR.PKBefore Market OpenALTRA HOLDINGS INCAIMCAfter Market CloseAmerican Physicians Service GroupAMPHAfter Market CloseAMERIGO RESOURCES LTDARG.TOBefore Market OpenAnadarko Petroleum CorporationAPCAfter Market CloseListenAnglogold Ashanti LimitedAUTime Not SuppliedAPPLIED NANOTECH HOLDINGS INCAPNT.OBTime Not SuppliedArgo Group International Holdings, Ltd.AGIIAfter Market CloseListenArray BioPharma Inc.ARRYAfter Market CloseListenAss...Click here to read the whole Article (external link)
Cross Country Healthcare earnings dip
Cross Country Healthcare’s earnings fell 84 percent in the third quarter, but the company sees demand for its nurse staffing services picking up. The Boca Raton-based company (NASDAQ: CCRN) reported net income of $968,000, or 3 cents a share, on revenue of $129.6 million in the third quarter. In the same period last year, it reported net income of $6.3 million, or 20 cents a share, on revenue of $178.1 million. Revenue was down across all of Cross Country’s service lines, including nurse staffing, physician staffing, clinical trial services and human capital management. Cross Country President and CEO Joseph A. Boshart said in a news release he noticed improvement in contract bookings in the nurse staffing business in the second quarter, and that is continuing. However, it can take several months for new contracts to show financial benefit on the company’s books, he noted. Since mid-September, travel nurse staffing has increased by 6 percent, and demand is much greater than that, he said. “So, the primary challenge we now face is a more familiar one to us: recruiting enough qualified nurses to meet increasing demand for contract nursing services,” Boshart said the release. For the fourth quarter, Cross Country predicted revenue in the range of $120 million to $123 million and earnings per share in the range of 2 cents to 4 cents. The company had net income of $6.3 million, or 20 cents a share, on revenue of $454.1 million, for the first nine months of this year. In the same period last year, Cross Country earned $18.4 million, or 60 cents a share, on revenue of $528.3 million. Cross Country shares fell 19 cents to close at $8.07 before its earnings were announced. The 52-week high was $17.34 on Sept. 10, 2008. The 52-week low was $4.84 on March 6. ...Click here to read the whole Article (external link)
CORRECTING and REPLACING Cross Country Healthcare Reports Third Quarter 2009 Results
 Cross Country Healthcare, Inc. Segment Data (a) (Unaudited, amounts in thousands)           Three Months Ended Nine Months Ended September 30, September 30,  2009  % of Total   2008  % of Total  % Change ...Click here to read the whole Article (external link)
Cross Country 3Q profit tumbles 84 percent
BOCA RATON, Fla. (AP) -- Health care staffing services company Cross Country Healthcare Inc. said Monday its profit shrank 84 percent in the third quarter, as the recession cut into demand for skilled nurses, and older doctors appeared to postpone retiring, leaving fewer positions to be filled. Cross Country said nurse and allied staffing revenue was cut in half as its customers chose to use more "per diem" nurses and fewer skilled professionals. Physician staffing revenue also declined, which the company said might be due to older doctors putting off retirements due to the stock market plunge and weaker housing market, as well as a dip in elective surgeries. Clinical trial revenue also decreased.The company said its profit dropped to $968,000, or 3 cents per share, from $6.2 million, or 20 cents per share. Total revenue slid 27 percent, to $129.6 million from $178.1 million. According to Thomson Reuters, analysts were projecting a profit of 2 cents per share and $132.4 million in revenue.Nurse and allied staffing revenue was down 50 percent to $64.1 million, with staffing volume down 48 percent. Physician staffing revenue slipped 3 percent to $39.6 million, and staffing days filled fell 13 percent.Clinical trial services revenue fell 35 percent to $25.4 million. Cross Country said it saw less demand in that business due to economic and financial market conditions, which reduced testing activity.Compared with the second quarter of 2009, nurse and allied staffing revenue declined 18 percent, physician staffing revenue dipped 3 percent, and clinical trial services revenue shrank 15 percent.Cross Country said it expects a profit of 2 to 4 cents per share in the fourth quarter, with $120 million to $123 million in revenue. That translates to a full-year profit of 22 cents to 24 cents per share, and revenue of $574 million...Click here to read the whole Article (external link)
Medical Staffing flips to $15M loss
Medical Staffing Network Holdings fell into the red as its revenue plummeted nearly 42 percent. The Boca Raton-based nurse staffing company (Pink Sheets: MSNW) suffered a net loss of $15.2 million, or 50 cents a share, on revenue of $79 million in the third quarter. That’s down from net income of $2.5 million, or 8 cents a share, on revenue of $135.8 million in the same period a year ago. An impairment of the company’s goodwill value led to $14 million in losses. Medical Staffing Chairman and CEO Robert J. Adamson said in a news release that his company’s 42 percent decline in revenue is “significantly better” than the revenue drops of 50 percent to 62 percent that his competitors in the nurse staffing industry have faced this year. At its cross-town rival Cross Country Healthcare (NASDAQ: CCRN), revenue fell 27 percent in the third quarter, year-over-year. “The health care staffing industry is still experiencing a difficult economic environment, although we are beginning to see some very early-stage positive trends,” Adamson said. “We have experienced an increase in demand in October, up from September levels, seemingly due to the flu pandemic.” As a result of continued losses, Medical Staffing’s liabilities have surpassed its assets. As of Dec. 31, the company had $2.1 million more in assets than liabilities, but as of Sept. 30, it had $16.8 million more in liabilities than assets. For the first nine months of this year, Medical Staffing lost $20 million, or 5 cents a share, on revenue of $265.2 million. In the first nine months of 2008, the company lost $49.4 million, or $1...Click here to read the whole Article (external link)
CROSS COUNTRY HEALTHCARE INC Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for CROSS COUNTRY HEALTHCARE INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for CROSS COUNTRY HEALTHCARE INC 4-Nov-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for inf...Click here to read the whole Article (external link)
Cross Country Healthcare, Inc. Earnings Call scheduled for 10:00 am ET today
Call DetailsCross Country Healthcare, Inc. Earnings Conference Call (Q3 2009)Tue, Nov 3, 2009, 10:00 am EasternAbout Cross Country Healthcare, Inc. (NasdaqGS:CCRN)Cross Country Healthcare, Inc., through its subsidiaries, provides healthcare staffing services in the United States. It offers travel nurse staffing services, as well as travel allied health professional staffing and per diem nurse staffing services primarily to acute care hospitals through its Cross Country Staffing, MedStaff, and Allied Health Group brands. The company provides registered nurses for travel and per diem staffing assignments at public and private healthcare facilities, and at for-profit and not-for-profit facilities, including acute care hospitals, teaching institutions, and trauma centers. It also offers other healthcare professionals in a range of specialties that include operating room technicians and other allied health professionals, such as rehabilitation therapists, radiology technicians, and respiratory therapists to acute care hospitals, and to customers in non-acute care settings comprising skilled nursing facilities, nursing homes, and sports medicine clinics, as well as in non-clinical settings, such as schools. In addition, it provides clinical trials services, including contract staffing, clinical research outsourcing, drug safety monitoring, and regulatory consulting services to pharmaceutical, biotechnology, and medical device companies, as well as to contract research organization customers. Further, the company offers human capital management services, such as one-day seminars and e-learning, and national and regional conferences on topics relevant to nurses and other healthcare professionals, as well as physician and executive search services to physician group practices, hospitals and health systems, academic medical centers, managed care, and other healthc...Click here to read the whole Article (external link)
CROSS COUNTRY HEALTHCARE INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue129,635 149,046 175,417 205,911 Cost of Revenue94,281 108,251 130,358 151,579 Gross Profit35,354 40,795 45,059 54,332 Operating ExpensesResearch Development - - - - Selling General and Administrative28,858 32,803 34,664 39,052 Non Recurring(227) - - 244,094 Others2,963 3,495 3,233 3,685 Total Operating Expenses - - - - Operating Income or Loss3,760 4,497 7,162 (232,500)Income from Continuing OperationsTotal Other Income/Expenses Net175 (86)73 13 Earnings Before Interest And Taxes(943)4,411 7,235 (232,487)Interest Expense(3,214)1,513 1,701 2,265 Income Before Tax2,271 2,898 5,534 (234,751)Income Tax Expense1,303 606 2,498 (73,415)Minority Interest - - - - Net Income From Continuing Ops968 2,292 3,036 (161,337)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - ...Click here to read the whole Article (external link)
CROSS COUNTRY HEALTHCARE INC Files SEC form 10-Q, Quarterly Report
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The Company's condensed consolidated financial statements present a consolidation of all its operations. This discussion supplements the detailed information presented in the condensed consolidated financial statements and notes thereto which should be read in conjunction with the consolidated financial statements and related notes contained in the Company's Annual Report on Form 10-K, filed for the year ended December 31, 2008, and is intended to assist the reader in understanding the financial results and condition of the Company. Overview We are a diversified leader in healthcare staffing services. We offer a comprehensive suite of staffing and outsourcing services to the healthcare market, which together include being a leading provider of nurse and allied staffing services in the United States; a national provider of multi-specialty locum tenens (temporary physician staffing) services; a provider of clinical trials services to global pharmaceutical and biotechnology customers; and a provider of other human capital management services focused on healthcare, including education and retained search. We have a diversified revenue mix across business sectors and healthcare customers. For the quarter ended September 30, 2009, our nurse and allied staffing business segment represented approximately 49% of our revenue and is comprised of travel and per diem nurse staffing and travel allied health staffing. Travel nurse staffing represented approximately 37% of our total revenue and 75% of our nurse and allied staffing business segment revenue. Other nurse and allied staffing services include the placement of per diem nurses and allied healthcare professionals, such as radiology technicians, rehabilitation therapists and respiratory therapists. Our physician staffing business segment represented approximately 31% of revenue in the third quarter of 2009 and consists of temporary ph...Click here to read the whole Article (external link)
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