Staffing firms sink after HCA cuts down on contract labor

AMN Healthcare Services

22/07/2022 18:17

** Staffing firms AMN Healthcare Services  AMN.N  and Cross
Country Healthcare Inc  CCRN.O  slide more than 11% in afternoon
trading 
    ** AMN currently down ~12% at $109, while CCRN down 17% at
$25.2
    ** Hospital operator HCA healthcare  HCA.N  said on Fri it
cut down on the use of contract labor such as temporary nurses
due to lower COVID cases  urn:newsml:reuters.com:*:nL4N2Z322J 
    ** AMN and CCRN have largely benefited during the staffing
crunch U.S. hospital operators faced during the pandemic
 urn:newsml:reuters.com:*:nL3N2WN2UD
    ** AMN is up 25% in the past 52 weeks through Thursday
close, while CCRN has risen 89% in the same period

 (Reporting by Khushi Mandowara)