BUZZ-Cross Country Healthcare rises over 60% on $615 mln take-private deal

Reuters
04 Dec 2024

** Clinical services provider Cross Country Healthcare's

shares rise 62.7% to $18.16

** CCRN says peer Aya Healthcare will buy it in an all-cash deal for $18.61 per share, representing a total equity value of about $615 mln

** Aya and CCRN will continue to operate as separate brands, the companies say

** After deal, CCRN will become a private company

** The deal represents a premium of 66.8% to CCRN's closing price on Dec. 3

** Deal expected to complete in H1 2025

** Including session's moves, stock has fallen 19.7% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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