Cross Country Healthcare rises over 60% on $615 mln take-private deal

Cross Country Healthcare

04/12/2024 15:25

** Clinical services provider Cross Country Healthcare's
 CCRN.O  shares rise 62.7% to $18.16
    ** CCRN says peer Aya Healthcare will buy it in an all-cash
deal for $18.61 per share, representing a total equity value of
about $615 mln
    ** Aya and CCRN will continue to operate as separate brands,
the companies say
    ** After deal, CCRN will become a private company
    ** The deal represents a premium of 66.8% to CCRN's closing
price on Dec. 3
    ** Deal expected to complete in H1 2025
    ** Including session's moves, stock has fallen 19.7% YTD

 (Reporting by Kamal Choudhury in Bengaluru)
 ((Kamal.Choudhury@thomsonreuters.com;))