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Cross Country Healthcare Figures Down

Cross Country Healthcare Figures Down

BOCA RATON, Fla. Cross Country Healthcare, Inc. has reported revenue of $129.6 million in the third quarter ended September 30, 2009, a 27% decrease from revenue of $178.1 million in the prior year quarter. Net income for the third quarter of 2009 was $1.0 million, a decline of 84% compared to net income of $6.2 million, in the prior year quarter. On a sequential basis, revenue decreased 13% from the second quarter of 2009, while net income decreased 58%. Cash flow from operations for the third quarter of 2009 was $19.5 million.

For the nine months ended September 30, 2009, the Company generated revenue of $454.1 million and net income of $6.3 million. This compares to revenue of $528.3 million and net income of $18.4 million, in the first nine months of the prior year. Cash flow from operations for the first nine months of 2009 was $69.9 million.

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