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Cross Country Healthcare Announces Second-Quarter 2015 Financial Results

Business Wire (08/05/15)

Cross Country Healthcare Inc. reported revenue of $192.6 million in the second quarter of 2015, up 57% from $122.7 million in the second quarter of 2014, and up 4% on a pro-forma basis. Net income totaled $2.6 million, compared with a net loss of $3.2 million in the year-ago quarter.

Second-quarter revenue totaled $152.7 million for its nurse and allied staffing segment, up 83% from $83.2 million a year ago. Its physician staffing segment reported revenue of $29.8 million, down 1% from $30.2 million in the 2014 second quarter.

“The U.S. Supreme Court’s recent decision regarding the Affordable Care Act was also a favorable development for our industry that should contribute to our continued growth,” said William J. Grubbs, president and chief executive officer. “I remain very optimistic about our performance and the trends in the business.”