Cross Country Healthcare to Acquire the Assets of Mint Medical Physician Staffing, LP and Lotus Medical Staffing LLC

BOCA RATON, Fla.–(BUSINESS WIRE)–Cross Country Healthcare, Inc. (the “Company”) (Nasdaq: CCRN), a technology-driven workforce solutions platform and market-leading consulting firm, announced today today entered into a definitive agreement to acquire the assets of Mint Medical Physician Staffing, LP (“Mint”) and Lotus Medical Staffing LLC (“Lotus” and, together with Mint, the “Sellers”). Mint is a locum staffing agency dedicated to placing the most qualified physicians, nurse practitioners, and physician assistants into temporary positions. Lotus is a locum and permanent placement agency specializing in the placement of certified anesthetists and registered nurse anesthetists. Both vendors’ staff across the United States.

The Company will purchase and acquire substantially all of the assets and assume certain liabilities of Mint and Lotus. The acquisition will be accounted for using the purchase method and is not material. The transaction is expected to be finalized in the last quarter of 2022.

“As our first acquisition in 2022, we are excited to add the Mint and Lotus brands to our portfolio, which supports our strategy to become a dominant player in the locum and advanced practitioner markets,” said John. Martins, President and CEO. Company officer. He continued, “Building scale in this important and growing part of the market allows us to deepen customer relationships and provides access to additional clinicians, which we believe will drive value for clients. shareholders.

About Cross Country Healthcare

Cross Country Healthcare, Inc. (CCH) is a technology-driven workforce consulting and solutions company with 36 years of industry experience and insight. We solve complex work challenges for clients while delivering high quality outcomes and exceptional patient care. As Multi-Year Best of Staffing® winner of the award, we are committed to providing an exceptionally high level of service to our customers and our professionals in home care, education and clinical and non-clinical health care. Our locum line of business, Cross Country Locums, has been certified by the National Committee for Quality Assurance (NCQA), the leader in healthcare accreditation, since 2001. We are the premier listed recruitment company in the stock market to obtain certification from the Joint Commission, which we always hold with a Letter of Distinction. Cross Country Healthcare is rated as the Best Staffing and Recruiting Employer for Women by InHerSights and Certified™ by Great Place to Work®. For two consecutive years, we have received the Top Workplaces USA award and were recently recognized as a recipient of the Top Workplaces Award for Innovation and Leadership by Energage. We are used to investing in diversity, equality and inclusion as a key part of the company’s overall social responsibility program, closely aligned with its core values ​​to create a better future for its employees , its communities and its shareholders.

Copies of this and other press releases and additional information about Cross Country Healthcare may be obtained online at ir.crosscountryhealthcare.com. Shareholders and potential investors can also sign up to automatically receive Company press releases, Securities and Exchange Commission (SEC) filings and other notices by email.

Forward-looking statements

In addition to historical information, this press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as as amended (the “Exchange Act”), and the Private Securities Litigation Reform Act, and are subject to the “safe harbor” created by those sections. Forward-looking statements consist of statements of a predictive nature, which depend on or refer to future events. Words such as “will”, “could”, “expect”, “anticipate”, “intend”, “plan”, “believe”, “estimate”, “suggest”, “appear” , “seek” and variations of these similar words and expressions are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results and performance to be materially different from any future results or performance expressed or implied by such forward-looking statements. These factors include, but are not limited to, the following: our ability to successfully implement our acquisition and development strategies, including our ability to successfully integrate acquired businesses, including Lotus and Mint, and to realize synergies from these acquisitions, the effect of potential liabilities, losses or other exposures related to our acquisitions, the potential impacts of the COVID-19 pandemic on our business, financial condition and results operating costs, our ability to attract and retain nurses, doctors and other qualified healthcare personnel, the costs and availability of short-term accommodations for our traveling healthcare professionals, the demand for health that we provide, both nationally and in the regions where we operate, the operation of our information systems, the effect of cybersecurity risks and cyberincidents on n our business, the effect of existing or future government regulations and federal and state legislative and enforcement initiatives on our business, the ability of our customers to pay us for our services, the effect of liabilities and other claims made against us, the effect of competition in the markets we serve, our ability to successfully defend the Company, its subsidiaries and its officers and directors on the merits of any lawsuit or determine its potential liability, if any, and other factors, including without limitation the risk factors set forth in Section 1A. “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and in our other filings with the Securities and Exchange Commission (“SEC”). You should review any other disclosures made by the Company on related matters in its filings with the SEC. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements. All references to “we”, “us”, “our” or “Cross Country” in this press release refer to Cross Country Healthcare, Inc. and its subsidiaries.

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