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Cross Country Healthcare completes sale of its education business

Cross Country Education provides in-person seminars to healthcare professionals and was non-core to the Company's business.

The Company intends to use the net proceeds from the transaction to finance further investments for revenue growth including future acquisitions, to implement and finance its strategic objectives, to reduce debt and for general business purposes. 

The Company revised its guidance range for the quarter to reflect the impact of the divestiture. No other assumptions were modified or updated. 

 

 

 

 

 

 

Range

 

 

 

 

 

 

 

 

Revenue

 

 

 

$190 - $195 million

 

 

 

 

 

 

 

 

Gross Profit Margin

 

 

 

24.9% - 25.4%

 

 

 

 

 

 

 

 

Adjusted EBITDA

 

 

 

4.2% - 4.7%

 

 

 

 

 

 

 

 

Adjusted EPS

 

 

 

$0.10 - $0.12

 

 

 

 

 

 

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