FINANCIALS: Challenging year for Cross Country Healthcare

US healthcare staffing specialist Cross Country Healthcare has encountered a “challenging year”, with revenue down 6% on 2017.

Results for the full year 2018 and Q4 2018, released late yesterday, reveal consolidated revenue of $816.5m (£614.4m), with consolidated gross profit margin of 25.7%, down 70 basis points year-on-year.

In Q4 2018, the group posted consolidated revenue of $200.9m, down 9% year-on-year, with consolidated GP margin of 25.2%, down 130 basis points year-on-year.

Commenting on the group’s performance, president and CEO Kevin Clark said: “2018 was a challenging year on several fronts, with softer demand in the first half and unexpected higher costs, but I am looking to the future. 

“Our primary focus is to drive operational improvements to return the company to growth and improved profitability. Achieving this goal will require a laser focus on productivity and technology across our entire 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

Spending review fails to allay IR35 and Brexit worries

The Chancellor’s spending review has done nothing to alleviate concerns about the impact of the impending IR35 off-payroll extension into the private sector or whether the UK has the right skills strategy in place to thrive post-Brexit, according to recruitment and staffing organisations.

5 September 2019

LinkedIn connects with Grimsby jobseekers to explore power of community

Professional network LinkedIn has launched an initiative to explore how the power of community can help people access new jobs and careers in an area that has experienced tough economic challenges. 

3 September 2019

Brexit still dampening employer confidence despite hiring demands

Employer confidence in the UK economy remains low amid continued Brexit uncertainty.

28 August 2019

FINANCIALS: US Cross Country Healthcare posts slight decrease in revenue

US healthcare staffing specialist Cross Country Healthcare has posted a marginal decrease in revenue year-on-year, according to Q2 2019 results.

Financials 1 August 2019