$615 Million Acquisition: Cross Country Healthcare Joins Aya Healthcare

2024 has been a challenging year for the healthcare industry, with several companies in Florida facing closures or bankruptcies, including MCR Health Inc., Walgreens Village MD, Akumin Radiology, and Cano Health. However, today brings a different kind of news: Cross Country Healthcare, a Florida-based healthcare staffing company, is set to be acquired by a California firm for a substantial $615 million.

About Cross Country Healthcare

Based in Boca Raton, Florida, Cross Country Healthcare specializes in staffing medical professionals for healthcare facilities. The company’s job postings include roles such as:

• Physicians: $115–$125 per hour
• Certified Nursing Assistants (CNAs): $1,170 weekly
• Nurses: $67,000–$97,000 per year
• X-Ray Technicians: $3,045 weekly

Contractors rate Cross Country Healthcare 3.8 out of 5 stars on Indeed, praising the flexibility and per diem work opportunities. However, some have expressed concerns about micromanagement within the organization.

Details of the Acquisition

In December 2024, it was announced that Aya Healthcare, based in San Diego, California, would acquire Cross Country Healthcare in a $615 million all-cash deal. The transaction is expected to close in 2025.

John A. Martins, president and CEO of Cross Country Healthcare, emphasized that the acquisition would benefit the company’s stakeholders, clients, and clinicians, stating:

“This partnership will enhance our ability to deliver outstanding services while creating long-term value for all involved.”

Martins will continue to serve as CEO following the acquisition.

Looking Ahead

This acquisition represents a significant moment for Cross Country Healthcare, offering potential growth opportunities for the company and its clinicians. As the healthcare industry continues to evolve, the deal could set a precedent for how staffing companies navigate challenging times.

Note: The author is not affiliated with Cross Country Healthcare or any other healthcare companies mentioned.

source

• Author
• Recent Posts

Alton Walker

Alton Walker is an experienced author at goaifa.com, specializing in USA News, Crime News, and Finance News. Known for his in-depth analysis and timely reporting, Alton covers pressing national issues and financial developments with clarity and insight. His articles offer readers a reliable source of information on current events and valuable perspectives on the financial world.

Latest posts by Alton Walker (see all)

• Famous Dave’s Closes 2 Washington Locations Despite Recent Renovations - December 12, 2024
• Will the next SSDI payments in December bring the Social Security COLA increase in 2025? Find it out here - December 12, 2024
• U.S. retirees to get a new payment of $1,927 from Social Security today, or in 7 days - December 12, 2024