September 15, 2022:- Finance article Cross Country Healthcare, Inc. (the “Company”) (Nasdaq: CCRN), one of the market-leading tech-enabled workforce solutions platform and advisory firms, recently declared entry into a definitive agreement to obtain the acquisitions of Mint Medical Physician Staffing, LP (“Mint”) and Lotus Medical Staffing LLC (“Lotus,” and, together with Mint, “Sellers”). Mint is a locum tenens staffing agency that puts the most qualified physicians, nurse practitioners, and physician assistants in interim posts. Lotus is a locum tenens and permanent placement firm specializing in the post of anesthesiologists and certified registered nurse anesthetists. Both Sellers staff pan-United States.
The Company will buy and acquire all the assets substantially and assume certain liabilities of Mint and Lotus. The acquisition will be accounted for utilizing the acquisition method of accounting and is not essential. The transaction is anticipated to end in the last part of 2022.
“As the primary acquisition in 2022, we are delighted to be adding the Mint and Lotus companies to our portfolio, which supports our strategy of becoming a predominant player in the locum tenens and advanced practitioner markets,” expressed John Martins, President and Chief Executive Officer of the Company. He continued, “Establishment scale in this large and growing part of the market allows us to deepen customer relationships, and gives access to additional clinicians, which we anticipate will drive stockholder value.”