FINANCIALS: US Cross Country Healthcare posts revenue increase

US healthcare recruiter Cross Country Healthcare has seen revenue increase 4% year-on-year, according to results released late yesterday.
The results reveal full-year consolidated revenue was $865m (£629.3m) for the year ended 31 December 2017, with gross profit margin of 26.4%, down 20 basis points year-on-year.
Over Q4, the group posted consolidated revenue of $219.7m, a decrease of 1% year-on-year and 4% sequentially, with consolidated GP margin of 26.5%, up 60 basis points year-over-year and flat sequentially.
Commenting on the group’s performance, CEO William Grubbs said: “Cross Country has experienced tremendous growth over the last four years and we expect to see growth continue as we progress into 2018, led by our high growth, high-margin education healthcare staffing business.”
• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is [email protected]
