UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ——————— FORM 10-Q ——————— ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2022 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period From _________ to _________ ——————— CROSS COUNTRY HEALTHCARE, INC. (Exact name of registrant as specified in its charter) ——————— Delaware 0-33169 13-4066229 (St ...

Q1 2022 Investor Relations June 2022 Forward Looking Statements This presentation contains forward-looking statements. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", "appears","seeks", "will" and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainti ...

Financial Data and Key Metrics Changes - Consolidated revenue for Q1 2022 reached an all-time high of $789 million, up 140% year-over-year and more than 20% sequentially [13][32] - Adjusted EBITDA was reported at $97 million, representing a margin above 12% for the second consecutive quarter [17] - Gross margin improved to 22.2%, up 50 basis points year-over-year, driven by a higher mix of profitable business [33] Business Line Data and Key Metrics Changes - Nurse and Allied segment reported revenue of $766 million, a 145% increase year-over-year and 23% sequentially, with the highest number of travelers on assignment in company history [34] - Local staffing business showed growth due to a shift in assignment types, with a notable increase in average bill rates [36] - Education business recovered significantly, achieving the highest single revenue quarter in its history as in-class learning resumed [37] - Physician staffing segment revenue reached $23 million, marking a 43% growth year-over-year, driven by increased billable days [38] Market Data and Key Metrics Changes - Overall demand remains strong, although it has decreased from pandemic peaks, with a noted decline in travel orders [18] - The company anticipates a modest sequential decline in bill rates throughout the year, projecting a 35% decrease compared to Q1 [21] - Demand for healthcare professionals remains elevated, with a 30% increase compared to pre-pandemic levels [61] Company Strategy and Development Direction - The company aims to establish itself as a digital leader in healthcare staffing, focusing on self-service solutions for clients and candidates [12] - Significant investments in technology and personnel are being made to enhance operational efficiency and service delivery [25][40] - The company is actively working to normalize bill rates while addressing labor shortages and increasing core staff through recruitment processing outsourcing [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a run-rate exceeding $2 billion in annualized revenue by year-end, supported by strong demand across all business lines [30][62] - The company is optimistic about future growth, citing a diversified business model and ongoing investments in non-travel segments [63] - Management acknowledged the challenges posed by rising labor costs and the need for flexibility in staffing solutions [20][19] Other Important Information - The company hired over 1,000 new employees in the past year, with a focus on revenue-producing and operational support roles [40] - Technology investments in Q1 2022 amounted to nearly $4 million, more than double the previous year, with a focus on client-facing tools [25] Q&A Session Summary Question: Insights on staffing demand related to COVID - Management indicated that they cannot discern specific COVID-related staffing needs but noted a minimal impact from COVID cases among their clinicians [49][51] Question: Factors supporting bill rates - Management explained that while bill rates are expected to decline, the mix of skills and demand for specific specialties will influence rates [52] Question: Efficiency gains versus increased demand - Management confirmed that productivity improvements are due to both increased demand and enhancements in processes and technology [54][56] Question: Dynamics of nurse placements - Management observed a strong demand for travel nursing, with clinicians preferring flexible work arrangements [58][59] Question: Update on fill rates - Management stated that fill rates are challenging to quantify due to the volume of orders but noted sequential growth in travel assignments [75][76] Question: Capital deployment and M&A strategy - Management reiterated a disciplined approach to M&A, focusing on strategic fits that are accretive to the business [77]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ——————— FORM 10-Q ——————— ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2022 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period From _________ to _________ ——————— CROSS COUNTRY HEALTHCARE, INC. (Exact name of registrant as specified in its charter) ——————— Delaware 0-33169 13-4066229 (S ...

Company Structure and Segments - In 2021, the company modified its reportable segments, consolidating the previously reported Search segment into Nurse and Allied Staffing, resulting in two main segments: Nurse and Allied Staffing and Physician Staffing [35]. - The company generated a majority of its revenue from staffing registered nurses on long-term travel contract assignments, typically lasting 13 weeks [38]. - The company entered into an asset purchase agreement with Workforce Solutions Group, Inc. in June 2021 to enhance service delivery to needy populations [38]. - The company acquired Selected, a subscription-based platform, in 2021 to improve direct hire candidate review processes [44]. - The company utilizes artificial intelligence and a proprietary on-demand staffing platform, Cross Country Marketplace, to enhance recruitment and candidate experience [42]. - The company employs an average of 8,679 full-time equivalent field employees in Nurse and Allied Staffing as of 2021 [79]. Market Overview - The healthcare staffing market size was estimated at $24.7 billion in 2021, with travel nursing accounting for $11.8 billion, per diem nursing at $4.6 billion, allied health at $4.4 billion, and locum tenens and advanced practitioners at $4.0 billion [57]. - The U.S. telehealth market was valued at $10 billion in 2020 and is expected to reach $43 billion by 2026, growing at an annual rate of 28% [64]. - The nursing home and assisted living facilities market is valued at $450 billion and is expanding annually [63]. - The U.S. is expected to face a physician shortage ranging between 37,800 and 124,000 by 2034 [68]. - More than 80,000 qualified applicants to nursing programs have been turned away due to insufficient faculty and resources [67]. Employment Trends - The U.S. Bureau of Labor Statistics reported a national unemployment rate of 4.2% in November 2021, with temporary help services gaining 6,200 jobs [58]. - The healthcare sector lost 527,000 jobs during the COVID pandemic but gained back 77,000 jobs by November 2021, with overall employment in healthcare projected to grow by 7.7% over the next decade [61]. - Employment of registered nurses is projected to grow 9% from 2020 to 2030, increasing from 3.1 million to 3.4 million [65]. - The company anticipates a 4% growth in the U.S. staffing industry in 2022, although the healthcare staffing segment is expected to decline by 9% due to easing pandemic conditions [58]. Nurse Satisfaction and Retention - 32% of surveyed nurses are "very/completely" satisfied with their occupation, down from 52% prior to the pandemic [62]. - 97% of surveyed nurses agreed that increasing pay rates and incentives would help attract and retain more nurses [62]. Financial and Operational Insights - A 1% change in interest rates on variable rate debt would have resulted in interest expense fluctuating approximately $1.1 million for the year ended December 31, 2021 [278]. - Approximately 1% of selling, general and administrative expenses are related to software development and IT support in Pune, India [280]. - Fluctuations in foreign currency values impact reported results, as expenses in foreign currencies are translated into U.S. dollars at monthly average exchange rates [281]. - The translation of non-U.S. subsidiary assets and liabilities into U.S. dollars affects stockholders' equity, recorded as accumulated other comprehensive loss [282]. Company Ranking - The company ranks as the seventh-largest healthcare staffing firm in the U.S., with a 4% market share in 2020 [74].

Cross Country Healthcare, Inc. (NASDAQ:CCRN) Q4 2021 Earnings Conference Call February 23, 2022 5:00 PM ET Company Participants William Burns - CFO Kevin Clark - CEO John Martins - Group President, Delivery Buffy White - Group President, Workforce Solutions Conference Call Participants A.J. Rice - Credit Suisse Tobey Sommer - Truist Securities Courtney Fondufe - Bank of America Brian Tanquilut - Jefferies Operator Good afternoon, everyone. Welcome to the Cross Country Healthcare's Earnings Conference Call f ...

Financial Data and Key Metrics Changes - Consolidated revenue for Q3 2021 was $374.9 million, representing a 93% increase year-over-year and a 13% sequential increase [26] - Adjusted EBITDA exceeded $30 million for Q3 2021, with year-to-date adjusted EBITDA surpassing $80 million [7] - The company expects Q4 2021 consolidated revenue to be between $580 million and $590 million, indicating a sequential growth of 55% to 57% [22][32] Business Line Data and Key Metrics Changes - Revenue for the Nurse and Allied segment was $356.1 million, up 101% year-over-year and 13% sequentially, driven primarily by travel nurse and allied businesses [26] - The local business experienced an 11% increase in revenue year-over-year, while the education business grew 77% over the prior year despite a seasonal decline [17][28] - The recent acquisition of Workforce Solutions Group contributed significantly, with pro forma revenue up more than 75% [19] Market Data and Key Metrics Changes - The number of unique facilities requesting travel clinicians has doubled since Q1, and total travel orders have nearly tripled [12] - Demand for healthcare professionals remains at historic highs, with tens of thousands of openings across various specialties [11] - The company anticipates that average bill rates for travel business will increase by 25% to 30% in Q4 2021 [22] Company Strategy and Development Direction - The company is focused on digital transformation and operational effectiveness to respond to high demand across various specialties [9] - Cross Country Healthcare aims to build long-lasting relationships with clients and maintain ethical practices in its operations [13] - The company is well-positioned to capitalize on emerging trends in the gig economy, particularly among millennial healthcare professionals [15] Management's Comments on Operating Environment and Future Outlook - Management noted that while COVID-19 continues to impact demand, there is also a growing need for non-COVID assignments due to clinician burnout and retirement [11] - The company expects to face headwinds from declining rates in 2022 but anticipates continued volume growth across its portfolio [23] - Management expressed confidence in the company's strategic plan and its ability to maintain a strong market position moving forward [41] Other Important Information - The company has increased its workforce by nearly 30% in 2021, with over 90% in revenue-producing roles [20] - The gross profit for Q3 2021 was $83.8 million, with a gross margin of 22.4%, reflecting a sequential improvement [29] - The company expects to fully utilize its federal net operating losses nearly two years ahead of projections due to profitability [34] Q&A Session Summary Question: Can you break out the revenue growth this quarter between organic and acquisitions? - The company reported about $5 million of revenue from the recent acquisition in Q2 and a run rate of about $20 million in Q3 [35] Question: How do bill rates and demand trends compare in the home health segment? - The home health segment is experiencing growth but not at the same higher bill rates as the travel business [38] Question: Will 2022 be a top-line growth year? - Management indicated uncertainty regarding bill rates but expects performance in the first half of 2022 to be above Q3 levels [40] Question: How are fill rates trending? - Fill rates are challenging to quantify due to unprecedented job openings, but more clinicians are being placed [53] Question: What is the trend with bill pay spread? - The company has maintained a strong relationship with clients, and as the market normalizes, margins are expected to improve [56]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ——————— FORM 10-Q ——————— ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2021 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period From _________ to _________ ——————— CROSS COUNTRY HEALTHCARE, INC. (Exact name of registrant as specified in its charter) ——————— Delaware 0-33169 13-406622 ...

Cross Country Healthcare, Inc. (NASDAQ:CCRN) Q2 2021 Earnings Conference Call August 4, 2021 5:00 PM ET Company Participants William Burns - CFO Kevin Clark - Co-Founder and CEO Buffy White - Group President, Workforce Solutions and Services John Martins - Group President, Delivery Pamela Young - Founder and the President, Workforce Solutions Group Conference Call Participants Brian Tanquilut - Jefferies Kevin Fischbeck - Bank of America A.J. Rice - Credit Suisse Tobey Sommer - Truist Securities Kevin Stein ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ——————— FORM 10-Q ——————— ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2021 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period From _________ to _________ ——————— CROSS COUNTRY HEALTHCARE, INC. (Exact name of registrant as specified in its charter) ——————— Delaware 0-33169 13-4066229 (St ...