Cross Country Healthcare to be Acquired by Aya Healthcare in $615M Cash Deal

Dow Jones

04 Dec 2024

By Denny Jacob

Cross Country Healthcare will be acquired by Aya Healthcare in a deal valued around $615 million.

Aya, which partners with healthcare organizations on workforce-related issues, will acquire Cross Country for $18.61 a share in an all-cash deal. The terms represent a premium of 67% to Cross Country's closing price on Tuesday.

The deal is expected to close in the first half of 2025.

Cross Country, which provides healthcare staffing and workforce management solutions, will become a private company once the acquisition is completed.

Cross Country Chief Executive John Martins will continue to serve as president and CEO of the company after the deal closes.

Aya said the combination will diversify its coverage to include Cross Country's clinical services in non-clinical settings, including schools and homes, among other areas.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

December 04, 2024 08:05 ET (13:05 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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