FINANCIALS: US Cross Country Healthcare reveals slight rise in revenue

US healthcare recruiter Cross Country Healthcare has seen a marginal increase in revenue year-on-year, according to results for the quarter to 31 March 2018.

The results, released late yesterday, reveal revenue of $210,288 (£154,700) – up 1% on the same quarter last year, with gross profit margin of 25.6%.

Expanding on the group’s performance, president and CEO William Grubbs said: “We experienced a stronger than expected start to the year, with growth in all three of our segments and good cost controls. 

“I was pleased to see several businesses with solid performance, including high single-digit growth in travel allied and double-digit growth in both our education healthcare staffing and physician and executive search businesses. Advantage RN had another quarter of strong sequential growth of nurses on assignment at our Managed Services Programs.

“This positive start supports our full-year financial goals, although we still have some work to do to return our travel nurse business to run rates we experienced prior to the fourth quarter of 2017, which we expect to occur in the second half of 2018.”

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