CEP III - Partially-Realized Portfolio Company
Cross Country Healthcare (NASDAQ: CCRN) is 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, as well as a provider of other human capital management services focused on healthcare. The Company has approximately 5,000 contracts with hospital, healthcare providers, pharmaceutical and biotechnology customers, and other healthcare organizations.
Cross Country's nurse and allied staffing business segment represents the majority of the Company's revenue and is comprised of travel and per diem nurse staffing and travel allied health staffing. Travel nurse staffing is Cross Country's largest business. The locum tenens business consist of temporary physician staffing and allied staffing and the clinical trials services business segment consist of service offerings that include traditional staffing, as well as clinical trial management, drug safety monitoring and regulatory services to pharmaceutical and biotechnology customers. The Company's human capital management services business segment consists of education and training as well as retained search services related to physicians and healthcare executives.
Cross Country is well positioned to continue to take advantage of current industry dynamics, including the growing shortage of nurses in the United States, the growing demand for healthcare services and the trend among healthcare providers toward outsourcing staffing services. The Company will continue to leverage its leadership position in the markets it serves by adding complementary services to its existing offerings.
Acquisition Search Criteria:
Target Size
 Staffing companies with $10 million to $200 million in revenues
Attractive Target Criteria
Healthcare staffing, particularly nurse staffing, but also locum tenens
 and
allied healthcare staffing
Clinical trials staffing, management and drug safety monitor services
North America-based businesses
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