Cross Country Healthcare, Inc. acquired Substantially All of the Assets and Assumed Certain Liabilities of HireUp Leadership Inc for $14.9 million.
December 12, 2022
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Cross Country Healthcare, Inc. (NasdaqGS:CCRN) acquired Hireup Leadership Inc. for $14.9 million on December 13, 2022. The purchase price included $6 million in cash and $0.8 million (or 29,811 shares) in shares. The sellers are eligible to receive up to an additional $8 million in earnout cash consideration based on HireUp's revenues and Adjusted EBITDA for each of the twelve-month periods ending on the first and second anniversaries of the first day after the closing date.
Cross Country Healthcare, Inc. (NasdaqGS:CCRN) completed the acquisition of Hireup Leadership Inc. on December 13, 2022.
Cross Country Healthcare, Inc. is a technology-enabled workforce solution and advisory company. It operates through two segments: Nurse and Allied Staffing and Physician Staffing. The Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and allied professionals, and healthcare leaders within nursing, allied, physician, and human resources; vendor neutral programs and managed service programs (MSP); education healthcare services; in-home care services; and outsourcing services. The Physician Staffing segment provides physicians in many specialties, as well as certified registered nurse anesthetists, nurse practitioners, and physician assistants as independent contractors on temporary assignments throughout the United States at various healthcare facilities, such as acute and non-acute care facilities, government facilities and managed care organizations.