CROSS COUNTRY HEALTHCARE INC 8-K
Research Summary
AI-generated summary
Cross Country Healthcare Announces Merger; HSR Waiting Period Expired
What Happened Cross Country Healthcare, Inc. (CCRN) filed an 8-K on June 23, 2026 confirming progress on its previously announced Agreement and Plan of Merger with KL Criss Cross Intermediate, LLC (Parent) and KL Criss Cross Merger Sub, Inc. (Merger Sub). The Hart‑Scott‑Rodino (HSR) waiting period for both the Merger and the related sale of the Company’s locums business division to All Star Healthcare Solutions (an affiliate of Parent) expired at 11:59 p.m. ET on June 22, 2026, satisfying a major regulatory condition. The Merger remains subject to other customary closing conditions, is expected to close in the third quarter of calendar 2026, and the Company’s special shareholder meeting to vote on the Merger is scheduled for July 16, 2026 at 12:00 p.m. ET.
Key Details
- HSR waiting period expired: June 22, 2026 at 11:59 p.m. Eastern Time.
- Special shareholder meeting to approve the Merger: July 16, 2026 at 12:00 p.m. ET.
- Transaction parties: Cross Country Healthcare (Company), KL Criss Cross Intermediate, LLC (Parent), KL Criss Cross Merger Sub, Inc. (Merger Sub).
- Sale of locums division to All Star Healthcare Solutions (affiliate of Parent) is part of the transactions.
Why It Matters The HSR clearance removes a significant regulatory hurdle, bringing the Merger closer to closing, but final completion still depends on shareholder approval and other customary conditions. If completed, Cross Country Healthcare will become a wholly‑owned subsidiary of Parent; investors should review the definitive proxy statement filed with the SEC for full details and risks before voting. Documents are available on the SEC website and the company’s investor relations page.
Loading document...