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.”

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