CROSS COUNTRY HEALTHCARE, INC.

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Cross Country Healthcare : Florida Atlantic University's Christine E. Lynn College of Nursing and Cross Country Healthcare Announce Partnership Aimed at Advancing the Nursing Profession

11/12/2019 | 01:03pm EDT

Cross Country Healthcare, a national leader in providing innovative healthcare workforce solutions and staffing services, and Florida Atlantic University’s Christine E. Lynn College of Nursing, a leader in caring science, announced today a partnership to pursue collaborative research, educational and training activities of mutual interest that advance the nursing profession.

A key objective of the partnership will be to jointly support nurses and their education through Florida Atlantic University (FAU) continuing educational programs, scholarships, internships, residency and research opportunities. Cross Country Healthcare has pledged $10,000 to provide 10 scholarships to nursing students throughout 2020.

Other critical objectives of the partnership include:

  • Joint support to pursue new, collaborative research, including shared use of specialized scientific equipment, physical facilities and other services.
  • Unique thought leadership, co-authored papers, op-eds, blogs and other articles aimed at advancing and prioritizing the nursing profession.
  • Announcements of new research findings or outcomes to further the education and progression of nursing and other key stakeholders.

“The nursing profession is rapidly evolving while remaining an incredibly tight employment market due to a growing demand for nursing skills and the ongoing shortage of talent,” said Kevin Clark, president and CEO, Cross Country Healthcare. “We look forward to working with FAU and their nursing leadership to develop and share critical resources, research and training support so nurses can better understand emerging trends, progress their skills and careers, and ultimately deliver the best possible patient care. There is simply no better partner than FAU, known for its excellence and philosophy of caring science, to achieve these goals.”

Dr. Safiya George, Dean and Professor of FAU’s Christine E. Lynn College of Nursing, said, “In our ongoing commitment to excellence in nursing education, research, practice and service, we seek out partners who can further build upon our existing strengths in caring science and in preparing the next generation of caring nurse leaders. As a leader in nursing and healthcare staffing, Cross Country Healthcare is an ideal partner to help advance the education, skills and careers of nurses across the country. We look forward to this collaboration and the promise of groundbreaking research initiatives, unmatched support and training programs that will further the nursing profession in many impactful ways.”

FAU’s Christine E. Lynn College of Nursing is nationally and internationally known for its excellence and philosophy of caring science. The College offers nationally ranked education programs, cutting-edge research and valuable clinical programs. The College is ranked No.1 in online graduate nursing programs in Florida and No. 23 in the nation by U.S. News and World Report. In 2017, with a 100 percent pass rate on the National Council Licensure Examination for Registered Nurses (NCLEX-RN®), FAU BSN graduates, first-time test takers, ranked among the highest (No.1) in Florida and the United States. FAU’s Christine E. Lynn College of Nursing is fully accredited by the Commission on Collegiate Nursing Education (CCNE). For more information, visit nursing.fau.edu.

Cross Country Healthcare is a career agent to thousands of nursing professionals and a trusted partner to leading health systems and hospitals across the nation. As the industry pioneer for more than 30 years, Cross Country Healthcare continues to take the lead and break the conventional staffing mold to proactively develop and deliver innovative technologies and intuitive solutions.

About Florida Atlantic University

Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. Today, the University, with an annual economic impact of $6.3 billion, serves more than 30,000 undergraduate and graduate students at sites throughout its six-county service region in southeast Florida. FAU's world-class teaching and research faculty serves students through 10 colleges: the Dorothy F. Schmidt College of Arts and Letters, the College of Business, the College for Design and Social Inquiry, the College of Education, the College of Engineering and Computer Science, the Graduate College, the Harriet L. Wilkes Honors College, the Charles E. Schmidt College of Medicine, the Christine E. Lynn College of Nursing and the Charles E. Schmidt College of Science. FAU is ranked as a High Research Activity institution by the Carnegie Foundation for the Advancement of Teaching. The University is placing special focus on the rapid development of critical areas that form the basis of its strategic plan: Healthy aging, biotech, coastal and marine issues, neuroscience, regenerative medicine, informatics, lifespan and the environment. These areas provide opportunities for faculty and students to build upon FAU's existing strengths in research and scholarship. For more information, visit www.fau.edu.

About Cross Country Healthcare

Cross Country Healthcare is a national leader in providing innovative healthcare workforce solutions and staffing services. Our solutions leverage our more than 30 years of expertise and insight to assist clients in solving complex labor-related challenges while maintaining high quality outcomes. We are dedicated to recruiting and placing highly qualified healthcare professionals in virtually every specialty and area of expertise. Our diverse client base includes both clinical and nonclinical settings, servicing acute care hospitals, physician practice groups, outpatient and ambulatory-care centers, nursing facilities, both public schools and charter schools, rehabilitation and sports medicine clinics, government facilities, and homecare. Through our national staffing teams and network of 65 office locations, we are able to place clinicians on travel and per diem assignments, local short-term contracts and permanent positions. We are a market leader in providing flexible workforce management solutions, which include managed services programs (MSP), internal resource pool consulting and development, electronic medical record (EMR) transition staffing, recruitment process outsourcing, predictive modeling and other outsourcing and consultative services. In addition, we provide both retained and contingent placement services for healthcare executives, physicians, and other healthcare professionals.

Copies of this and other news releases as well as additional information about Cross Country Healthcare can be obtained online at www.crosscountryhealthcare.com. Shareholders and prospective investors can also register to automatically receive the Company's press releases, SEC filings and other notices by e-mail.


© Business Wire 2019
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Financials (USD)
Sales 2022 2 671 M - -
Net income 2022 177 M - -
Net Debt 2022 159 M - -
P/E ratio 2022 5,22x
Yield 2022 -
Capitalization 934 M 934 M -
EV / Sales 2022 0,41x
EV / Sales 2023 0,36x
Nbr of Employees 2 250
Free-Float 96,4%
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 24,44 $
Average target price 35,00 $
Spread / Average Target 43,2%
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Managers and Directors
John A. Martins President, Chief Executive Officer & Director
William J. Burns Executive VP, Chief Financial & Accounting Officer
Kevin C. Clark Chairman
Henry Drummond Chief Clinical Officer & Senior Vice President
Phillip Noe Chief Information Officer
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