Knox Lane has agreed to acquire Cross Country Healthcare, Inc. in an all-cash transaction valued at $437 million, or $13.25 per share. The deal, which takes the Boca Raton, Florida-based company private, represents a 31% premium to its May 6, 2026 closing price and a 45% premium to the 90-day volume-weighted average price. The transaction is expected to close in the third quarter of 2026, subject to stockholder approval and customary regulatory clearances. Upon closing, Cross Country will cease trading on the Nasdaq.
Cross Country Healthcare is a technology-driven healthcare workforce solutions provider offering travel nursing, allied health, locum tenens and permanent placement services along with its proprietary Intellify® cloud-based platform. The platform integrates with hospital systems to provide real-time visibility, AI-driven forecasting and optimization across internal and contingent labor. The company brings more than 40 years of healthcare labor expertise to help systems manage workforce demand and costs.
The acquisition adds a scaled, diversified workforce platform to Knox Lane’s healthcare services portfolio, which includes locum tenens provider All Star Healthcare Solutions. Cross Country will continue to operate under the Cross Country Healthcare name and brand. The proposed transaction is expected to close in the third quarter of 2026.
BofA Securities served as exclusive financial advisor to Cross Country Healthcare, with Davis Polk & Wardwell LLP as legal counsel. MTS Health Partners advised Knox Lane, with Kirkland & Ellis LLP as legal counsel.
