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Cross Country Healthcare Closes Acquisitions Of Mint Medical Physician Staffing, Lp And Lotus Medical Staffing Llc

Oct 03, 2022•about 3 years ago

Acquiring Company

Cross Country Healthcare

Acquired Company

Mint Medical Physician Staffing

Boca RatonHealth Care

Description

Cross Country Healthcare, Inc. (the “Company”) (Nasdaq: CCRN), a market-leading tech-enabled workforce solutions platform and advisory firm, today announced that the Company has closed its acquisition of substantially all of the assets and certain liabilities of Mint Medical Physician Staffing, LP (“Mint”) and Lotus Medical Staffing LLC (“Lotus”).

Company Information

Company

Cross Country Healthcare

Location

6551 Park of Commerce Blvd.

Boca Raton, Florida, United States

About

Cross Country Healthcare, Inc. is a market-leading, tech-enabled workforce solutions and advisory firm with nearly 40 years of industry experience and insight. We help clients tackle complex labor-related challenges and achieve high-quality outcomes, while reducing complexity and improving visibility through data driven insights.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed