Aya Healthcare Acquires Cross Country Healthcare for $615 Million

Aya Healthcare Acquires Cross Country Healthcare for $615 Million

by | Dec 5, 2024 8:19 am | Healthcare Staffing

Aya Healthcare and Cross Country Healthcare announced on December 4 that they have entered into a definitive agreement whereby Aya will acquire Cross Country. Cross Country Healthcare is being acquired for $18.61 per share in cash in a transaction valued at approximately $615 million. Cross Country Healthcare provides healthcare staffing and workforce solutions in the United States. The Boca Raton, Florida-based company assists more than 3,000 healthcare facilities in the United States and Caribbean. According to its most recent annual report, Cross Country had revenues of more than $2 billion during full year 2023, and EBITDA of $129.3 million. Aya Healthcare, Inc. is one of the largest... Read More »
Health Advocates Augments Radiology Staffing Offerings With DiagnosTemps Acquisition

Health Advocates Augments Radiology Staffing Offerings With DiagnosTemps Acquisition

by | Nov 25, 2024 12:49 pm | Healthcare Staffing

On November 25, 2024, Health Advocates Network, Inc. announced the acquisition of DiagnosTemps, a radiology staffing agency specializing in the placement of radiology professionals to healthcare facilities across the United States. DiagnosTemps was established in 1993 and headquartered in Dallas, Texas. Health Advocates Network specializes in healthcare staffing solutions, providing a range of services within the healthcare sector. The company was founded in 2020 and is based in Boca Raton, Florida. DiagnosTemps will continue to operate as a separate unit under the DiagnosTemps Joint Commission certified brand. Financial terms of the deal were not disclosed. The DiagnosTemps transaction... Read More »
LiquidAgents Healthcare Buys Certain Assets of Republic Health Resources  

LiquidAgents Healthcare Buys Certain Assets of Republic Health Resources  

by | Nov 22, 2024 12:21 pm | Healthcare Staffing

Plano, Texas-based LiquidAgents Healthcare has announced the acquisition of all travel nursing assets from Irving, Texas-based Republic Health Resources, which specializes in connecting healthcare professionals with opportunities across the United States. The terms of the deal were not disclosed.  Republic Health Resources will remain a standalone brand, operating independently. As part of a strategic shift, Republic is exiting the travel nursing and allied business.  LiquidAgents Healthcare is a healthcare staffing agency with more than two decades of experience in placing qualified nursing and allied professionals in travel, staff and local positions, among others. LiquidAgents... Read More »
Aya Healthcare Acquires Cross Country Healthcare for $615 Million

Healthcare Staffing M&A Slows in 2024 Amid Market Headwinds

by | Oct 22, 2024 9:13 am | Healthcare Staffing

The Healthcare Staffing M&A market has seen a noticeable decline in deal activity over the past few years. As of October 18, 2024, there have been 16 Healthcare Staffing deals announced year to date, which represents a 33% decrease compared to the same period in 2023 when 24 deals were announced. This downward trend is consistent with the broader decline observed over the past few years, with 29 deals in FY 2023, 35 in FY 2022 and 37 in FY 2021. One notable aspect of the current year’s deals is the absence of disclosed purchase prices. Previous years have all had at least one purchase price disclosed. This might reflect the types of investors involved, such as privately-held... Read More »